Press releases

"Low and stable inflation is good for business, good for the consumer, and good for the economy as a whole," Bank of Canada Governor Gordon Thiessen told the Kelowna Chamber of Commerce today in a luncheon speech that focused on the contribution that monetary policy makes towards an environment that supports economic activity. Mr. Thiessen […]

The Bank of Canada raised its target for the overnight rate by one-half of one percentage point to 5¾ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank Rate is now 6 per cent.

The Bank of Canada today released its eleventh Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Monetary Policy Report is published every May and November.

In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy.

The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent.

There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]

There is increasing international consensus that monetary policy can contribute to productivity growth and rising standards of living by establishing a stable, low-inflation environment, Bank of Canada Governor Gordon Thiessen told The Fraser Institute in a speech today.

Today the Bank of Canada released its tenth Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

The Bank of Canada today raised its Bank Rate by ¼ of one percentage point to 5 per cent.

The Bank of Canada expects a positive economic picture going into next year, Bank of Canada Governor Gordon Thiessen told the Greater Charlottetown Area Chamber of Commerce today.