October 25, 2023
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
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October 13, 2023
Bank of Canada designates additional prominent payment systems
Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System, and Interac Corp.’s Inter-Member Network as prominent payment systems under the Payment Clearing and Settlement Act, effective October 16, 2023.
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September 6, 2023
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.
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Press,
Press releases
July 27, 2023
Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications
The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.
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July 12, 2023
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.
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June 7, 2023
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%.
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Press,
Press releases
May 25, 2023
New exhibition Money in 10 Questions: Kids Edition opens at the Bank of Canada Museum
The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is a play-based experience that helps children understand money and how to handle it. The exhibit opens to the public on May 25 and includes special activities for families.
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Press,
Press releases
May 23, 2023
Bank of Canada Museum announces 2023 recipients of Award for Excellence in Teaching Economics
The Bank of Canada Museum is honouring two outstanding educators for their exceptional work in teaching students about the economy.
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Press,
Press releases
May 12, 2023
Rhys Mendes appointed as Deputy Governor of the Bank of Canada
The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023.
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May 8, 2023
Bank of Canada launches public consultations on a digital dollar
The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.
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Press releases
Research Topic(s):
Digital currencies and fintech