September 2, 2026 Bank of Canada maintains the policy rate at 2¼% Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Content Type(s): Press, Press releases
October 28, 2009 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario While conditions in the Canadian economy have improved since we met with you in May, many of the basic challenges remain. Before Paul and I take your questions, allow me to outline some of the highlights from our latest Monetary Policy Report, which the Bank released last week. Content Type(s): Press, Speeches and appearances, Opening statements
October 27, 2009 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario While conditions in the Canadian economy have improved since we met with you in February and April, many of the basic challenges remain. Before Paul and I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, released last week. Content Type(s): Press, Speeches and appearances, Opening statements
January 22, 2014 Release of the Monetary Policy Report Opening statement Stephen S. Poloz Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
December 8, 2003 Past Adjustments and Future Trends in the Canadian Economy Remarks David Dodge London Chamber of Commerce London, Ontario When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again." Content Type(s): Press, Speeches and appearances, Remarks
March 10, 2004 Adjusting to Global Economic Change Remarks David Dodge Brazil-Canada Chamber of Commerce São Paulo, Brazil Today, I want to focus my remarks on Canada's adjustment to changes in the global economy. I will talk about our efforts to adjust to longer-term economic forces and about the challenges that these forces present. Some of our experiences may be relevant to other economies that are making similar adjustments in the face of similar economic circumstances. Content Type(s): Press, Speeches and appearances, Remarks
June 3, 2020 Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve 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. Content Type(s): Press, Press releases
The Impacts of Monetary Policy Statements Staff analytical note 2017-22 Bruno Feunou, Corey Garriott, James Kyeong, Raisa Leiderman In this note, we find that market participants react to an unexpected change in the tone of Canadian monetary policy statements. When the market perceives that the Bank of Canada plans to tighten (or alternatively, loosen) the monetary policy earlier than previously expected, the Canadian dollar appreciates (or depreciates) and long-term Government of Canada bond yields increase (or decrease). The tone of a statement is particularly relevant to the market when the policy rate has been unchanged for some time. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E43, E5, E52, F, F3, F31, G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy framework and transmission
September 21, 2015 Riding the Commodity Cycle: Resources and the Canadian Economy Remarks Stephen S. Poloz Calgary Economic Development Calgary, Alberta Governor Poloz speaks about cycles in commodity prices and how Canada has used its endowment of natural resources to build a prosperous economy. Content Type(s): Press, Speeches and appearances, Remarks
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