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May 31, 2019

Changes to legal tender status will take effect in 2021

In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government recently decided to remove legal tender status from some older bank notes as of January 1, 2021.
Content Type(s): Press, Press Releases
May 29, 2019

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Content Type(s): Press, Press Releases
May 8, 2019

Deputy Governor Lynn Patterson to retire from the Bank of Canada

The Bank of Canada announced today that Deputy Governor Lynn Patterson will retire on July 19, 2019.
Content Type(s): Press, Press Releases
May 6, 2019

Canada’s mortgage market should evolve to offer more choice with less risk, Bank of Canada Governor Poloz says

Canada’s mortgage market should evolve in a way that gives Canadians more choice and helps the economy be more flexible, while lowering the level of risk in the system, Bank of Canada Governor Stephen S. Poloz said today.
Content Type(s): Press, Press Releases
April 24, 2019

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Content Type(s): Press, Press Releases

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