March 9, 2020
Bank of Canada announces members of Advisory Council for next $5 bank note
The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note.
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March 4, 2020
Bank of Canada lowers overnight rate target to 1 ¼ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent. -
March 3, 2020
Statement of G7 Finance Ministers and Central Bank Governors
We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions. -
February 19, 2020
Bank of Canada Announces Scholarship Recipients
The Bank of Canada is pleased to announce the 2019-2020 recipients of its scholarship awards for women, Indigenous students and students with disabilities. -
February 18, 2020
Bank of Canada to begin publishing Canadian Overnight Repo Rate Average in June
The Bank of Canada will take over the responsibility for publishing the Canadian Overnight Repo Rate Average (CORRA), effective Monday, June 15, 2020. -
February 10, 2020
University of British Columbia crowned National Champion of The Governor’s Challenge
The University of British Columbia has won the Bank of Canada’s fifth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. -
February 5, 2020
Securing long-term prosperity is up to all of us, Senior Deputy Governor Wilkins says
In remarks to the Economic Club of Canada, Senior Deputy Governor Carolyn A. Wilkins said aging populations and weak productivity gains are holding back prospects in many advanced economies, including Canada’s. -
January 29, 2020
Bank of Canada launches public consultation for new $5 bank note
Minister of Finance Bill Morneau and Governor Stephen S. Poloz today announced that the Bank of Canada is launching public consultations to select an iconic Canadian to appear on the next $5 bank note. -
January 22, 2020
Bank of Canada maintains overnight rate target at 1 ¾ percent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. -
December 12, 2019
Inflation-target renewal, impact of technology highlight Bank of Canada’s 2020 work plan, Governor Poloz says
Work toward renewing Canada’s inflation-targeting framework and understanding the impact of digital technology highlight a packed agenda for the Bank of Canada in 2020, Governor Stephen S. Poloz said today.