February 4, 2010 Signs of Thaw in Corporate Attitudes Emerging, Says Governor Carney Media Relations Winnipeg, Manitoba With improvements in financial conditions, economic activity, commodity prices, and confidence, the Bank of Canada anticipates that there will be a relatively modest recovery this year in business fixed investment in Canada, and an acceleration of investment spending in 2011. Content Type(s): Press, Press releases
February 17, 2026 The Governor's Challenge The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.
March 13, 2020 Bank of Canada lowers overnight rate target to ¾ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices. Content Type(s): Press, Press releases
June 30, 2023 Canada’s regional economies David Amirault, Matthieu Verstraete, Sarah Miller Strength from diversity Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth
May 9, 2024 Release of the Financial Stability Report Opening statement Tiff Macklem, Carolyn Rogers Ottawa, Ontario Press conference following the release of the Financial Stability Report. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
March 12, 2003 Website Awards Event Remarks David Dodge Website Awards Event, Central Banking Publications and Lombard Street Research London, United Kingdom It has become almost a cliché to point out that "Internet time moves faster than normal time." But I'm reminded of that observation as I accept this award - an award for achievement in a medium that barely existed ten years ago. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 2023 Getting used to higher interest rates Speech summary Carolyn Rogers Advocis Vancouver Vancouver, British Columbia Senior Deputy Governor Carolyn Rogers talks about why interest rates could settle at a higher level than Canadians are used to and why preparing early for that possible outcome is important. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
November 19, 2025 Canada’s weak productivity: reversing course Speech summary Nicolas Vincent Association des économistes québécois (ASDEQ) and CFA Québec Québec, Québec External Deputy Governor Nicolas Vincent discusses Canada’s longstanding weak productivity, what can be done to reverse the trend, and how we would all benefit if we do. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation
April 23, 2018 Reinventing Central Banking Reinventing central banking is about what we do to be a leader in all our core functions. Read more about our goals and what success looks like.
August 16, 2012 Global Risk Premiums and the Transmission of Monetary Policy Bank of Canada Review - Summer 2012 Gregory Bauer, Antonio Diez de los Rios An important channel in the transmission of monetary policy is the relationship between the short-term policy rate and long-term interest rates. Using a new term-structure model, the authors show that the variation in long-term interest rates over time consists of two components: one representing investor expectations of future policy rates, and another reflecting a term-structure risk premium that compensates investors for holding a risky asset. The time variation in the term-structure risk premium is countercyclical and largely determined by global macroeconomic conditions. As a result, long-term rates are pushed up during recessions and down during times of expansion. This is an important phenomenon that central banks need to take into account when using short-term rates as a policy tool. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E4, E43, F, F3, F31, G, G1, G12, G15