September 9, 2020 Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Content Type(s): Press, Press releases
September 8, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (September 14-25) 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
September 8, 2020 Bank of Canada announces the launch of the 2021 Fellowship Program awards The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2021 Fellowship and Governor’s awards. Content Type(s): Press, Announcements Source(s): Fellowship Program
August 27, 2020 The imperative for public engagement Remarks (delivered virtually) Tiff Macklem Federal Reserve Bank of Kansas City Jackson Hole Symposium Jackson Hole, Wyoming Governor Tiff Macklem talks about the need for the Bank to be clear, relatable and understandable when it communicates with the public. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Coronavirus disease (COVID-19), Credibility, Monetary policy, Monetary policy and uncertainty
August 26, 2020 Closing remarks Remarks (delivered virtually) Carolyn A. Wilkins Bank of Canada Workshop: “Toward the 2021 Renewal of the Monetary Policy Framework” Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins concluded a day-long workshop on the renewal of the monetary policy framework with a summary of the discussions, and she outlined next steps on the path to the 2021 renewal. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy framework
August 26, 2020 Opening remarks Remarks (delivered virtually) Carolyn A. Wilkins Bank of Canada Workshop: “Toward the 2021 Renewal of the Monetary Policy Framework” Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses the challenges the Bank of Canada is facing as it seeks to renew its inflation-control target in 2021. Kicking off a day-long workshop on the renewal of the monetary policy framework, she explains how the Bank’s research on alternative frameworks is shaping up and invites discussion of how the COVID-19 crisis has changed what is known about alternative policy tools in action. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy framework
August 25, 2020 The gap between inflation perceptions and reality Speech summary Lawrence L. Schembri Canadian Association for Business Economics Kingston, Ontario Deputy Governor Lawrence Schembri talks about the difference between how Canadians perceive inflation and the actual measured rate, why this gap may exist, and what it could mean for monetary policy and the economy. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Inflation and prices, Inflation targets, Monetary policy