December 16, 2014 Bank of Canada publishes results of consultation on bank note design principles Media Relations Ottawa, Ontario The Bank of Canada today published a summary of the comments it received in an online consultation on the principles guiding the design of the country’s bank notes. Content Type(s): Press, Press releases Research Topic(s): Bank notes
December 11, 2014 Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz Media Relations New York, New York Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […] Content Type(s): Press, Press releases
December 10, 2014 Bank of Canada says household imbalances remain most important risk to financial stability Media Relations Ottawa, Ontario Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […] Content Type(s): Press, Press releases
December 5, 2014 Bank of Canada invites Canadians to propose design ideas for a bank note marking Canada’s 150th anniversary Media Relations Ottawa, Ontario The Bank of Canada is inviting Canadians to propose ideas for the design of a new bank note to celebrate the 150th anniversary of Confederation in 2017. Content Type(s): Press, Press releases Research Topic(s): Bank notes
December 3, 2014 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
November 13, 2014 Bank of Canada is Keeping a Close Eye on E-Money, Says Senior Deputy Governor Carolyn Wilkins Media Relations Waterloo, Ontario The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor Carolyn Wilkins said today in Waterloo, Ontario. E-money is electronically-stored value that is not linked to […] Content Type(s): Press, Press releases
November 8, 2014 Bank of Canada announces signing of reciprocal 3-year Canadian- dollar/renminbi bilateral swap arrangement Ottawa, Ontario The reciprocal currency swap arrangement is part of the initiative announced today by the Government of Canada to promote increased trade and investment between Canada and China. Content Type(s): Press, Press releases
November 3, 2014 Bank of Canada Policy Appropriate in the Face of Uncertainty, Says Governor Stephen S. Poloz Media Relations Toronto, Ontario The Bank of Canada’s monetary policy is appropriate to return Canadian inflation to its 2 per cent target as worldwide economic uncertainty lingers, Governor Stephen S. Poloz said today in Toronto. The global economy is facing significant headwinds that could restrain growth for a prolonged period, including efforts by households and financial institutions to reduce their debt and those by governments to […] Content Type(s): Press, Press releases
October 22, 2014 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
October 8, 2014 Bank of Canada invites Canadians to comment on bank note design principles Media Relations Ottawa, Ontario The Bank of Canada announced that it is inviting Canadians to comment on the principles that guide the design of the country’s bank notes. Content Type(s): Press, Press releases Research Topic(s): Bank notes