November 13, 2019 Quarterly Financial Report - Third Quarter 2019 Quarterly Financial Report - Third Quarter 2019 - For the period ended September 30, 2019 Content Type(s): Publications, Quarterly Financial Report
December 8, 2015 Framework for Conducting Monetary Policy at Low Interest Rates This document outlines a series of monetary policy measures that could be deployed in a very low interest rate environment. Content Type(s): Background materials
January 24, 2006 Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/2 per cent. Content Type(s): Press, Press releases
February 20, 2007 Standing Senate Committee on National Finance Remarks Paul Jenkins Standing Senate Committee on National Finance Ottawa, Ontario The preamble of this bill addresses some very important issues: the need for Canadians to trust in the management of the public purse, and the importance of openness and accountability. I can assure you that the Bank of Canada takes these issues very seriously. Content Type(s): Press, Speeches and appearances, Remarks
April 1, 2026 Summary of Governing Council deliberations: Fixed announcement date of March 18, 2026 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 18, 2026. Content Type(s): Publications, Summary of deliberations
December 10, 2020 Our quantitative easing operations: Looking under the hood Remarks (delivered virtually) Paul Beaudry Greater Moncton Chamber of Commerce, the Fredericton Chamber of Commerce, and the Saint John Region Chamber of Commerce Fredericton, New Brunswick, Moncton, New Brunswick, Saint John, New Brunswick Deputy Governor Paul Beaudry talks about the Bank’s latest interest rate announcement and discusses how quantitative easing supports economic recovery and the 2% inflation target. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
April 5, 2009 Unexpected Inflation and Redistribution of Wealth in Canada Bank of Canada Review - Spring 2009 Césaire Meh, Yaz Terajima One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans are specified in fixed dollar terms and unexpected inflation redistributes wealth from creditors to debtors by reducing the real value of nominal assets and liabilities. Content Type(s): Publications, Bank of Canada Review articles
Inflation Targeting and Liquidity Traps Under Endogenous Credibility Staff working paper 2019-9 Cars Hommes, Joep Lustenhouwer Policy implications are derived for an inflation-targeting central bank, whose credibility is endogenous and depends on its past ability to achieve its targets. This is done in a New Keynesian framework with heterogeneous and boundedly rational expectations. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C62, E, E3, E32, E5, E52 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
June 10, 2021 The digital transformation and Canada’s economic resilience Remarks (delivered virtually) Timothy Lane Advocis Western Canada Chapters Edmonton, Alberta, Vancouver, British Columbia, Winnipeg, Manitoba Deputy Governor Tim Lane talks about the Bank’s latest interest rate announcement and discusses how the digital transformation has supported resilience through the pandemic and may be adding to the economy’s growth potential. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Fintech, Monetary policy, Economy/Economic growth, Inflation targeting framework
July 30, 2025 Bank of Canada holds policy rate at 2¾% Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Content Type(s): Press, Press releases