March 3, 2022 Economic progress report: Controlling inflation Remarks (delivered virtually) Tiff Macklem CFA Society Toronto Toronto, Ontario Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s driving inflation in Canada. He also discusses how the Bank will manage the next step in the Bank’s balance sheet operations – quantitative tightening. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
March 3, 2022 Getting inflation back to target Speech summary Tiff Macklem CFA Society Toronto Toronto, Ontario Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to raise its policy interest rate. He explains that after two years of extraordinary stimulus, we are now on a path of rising interest rates. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
March 2, 2022 Bank of Canada cancels today’s Securities Repo Operation due to internal systems issue The Bank of Canada has cancelled the Securities Repo Operation (SRO) for March 2, 2022 after a data processing issue prevented the settlement of this morning’s auction. The affected primary dealers have been informed. Content Type(s): Press, Market notices Source(s): Securities Repo Operations
March 2, 2022 Bank of Canada announces changes to its operations to reinforce its target for the overnight rate Today the Bank confirmed that monetary policy will continue to be implemented via a floor system where the interest rate on the deposit facility is equal to the target for the overnight rate. To reinforce the Bank’s overnight target rate in a floor system with excess settlement balances, the Bank is also announcing changes to its Overnight Reverse Repo (ORR) operations. Content Type(s): Press, Market notices Source(s): Overnight repo operations, Overnight reverse repo operations
March 2, 2022 Bank of Canada increases policy interest rate Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. Content Type(s): Press, Press releases
February 22, 2022 Bank of Canada announces 2021-2022 scholarship recipients Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students and students who identify as a woman or as a member of a visible minority or racialized group. Content Type(s): Press, Press releases Source(s): Scholarship awards
February 18, 2022 Operational details for upcoming secondary market purchases of Government of Canada securities (February 28-March 11) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
February 18, 2022 Deputy Governor Lawrence Schembri to Retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022. Content Type(s): Press, Press releases
February 16, 2022 Expecting the unexpected: Central bank decision making in turbulent times Remarks (delivered virtually) Timothy Lane School of Public Policy, University of Calgary Calgary, Alberta Bank of Canada Deputy Governor Tim Lane discusses how the Bank responds to uncertainty in turbulent times. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework