April 15, 2020 Bank of Canada maintains overnight rate target and unveils new market operations Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system. Content Type(s): Press, Press releases
June 13, 2025 Quarterly Financial Report - First Quarter 2025 Quarterly Financial Report - First Quarter 2025 - For the period ended March 31, 2025 Content Type(s): Publications, Quarterly Financial Report
May 14, 2015 Fine-Tuning the Framework for the Bank’s Market Operations Remarks Lynn Patterson CFA Society Vancouver Vancouver, British Columbia Deputy Governor Lynn Patterson discusses proposed changes to the Bank’s financial market operations. Content Type(s): Press, Speeches and appearances, Remarks
April 20, 2001 The Bank of Canada's Contribution to the Economic Well-Being of Canadians Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment. Content Type(s): Press, Speeches and appearances, Remarks
October 27, 2015 Inflation Targeting—A Matter of Time Remarks Timothy Lane CFA Society Atlantic Canada Halifax, Nova Scotia Deputy Governor Tim Lane discusses monetary policy decision making and how the Bank assesses the underlying trend in inflation. Content Type(s): Press, Speeches and appearances, Remarks
Project Samara Research Paper Staff analytical paper 2026-8 Rakesh Arora, Umar Faruqui, Scott Hendry, Dinesh Shah, André Usche Project Samara was a real‑world experiment testing distributed ledger technology and wholesale central bank digital money for bond issuance and settlement in Canada. It demonstrated technical feasibility and potential efficiency and risk‑reduction benefits, while highlighting important trade‑offs related to complexity, governance, and regulatory alignment. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E4, E42, E5, E58, G, G2, G28, O, O3, O33 Research Theme(s): Financial markets and funds management, Funds management, Market structure, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
May 29, 2001 Bank of Canada lowers key policy rate by 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is reduced by one-quarter of one percentage point to 4 3/4 per cent. Content Type(s): Press, Press releases
March 22, 1999 Financial sector reform, the economy, and monetary policy Remarks Gordon Thiessen the Mennonite Savings and Credit Union Kitchener, Ontario I am delighted to be with you this evening to celebrate the 35th annual meeting of the Mennonite Savings and Credit Union. On this occasion, I propose to speak about the Canadian economy and monetary policy. But given this audience, I thought I might start with some remarks on the future of the Canadian financial sector - a subject that has certainly grabbed its share of headlines over the past year! Content Type(s): Press, Speeches and appearances, Remarks
January 1, 2025 Governance documents Legislation, reports, plans, policies and other documents relating to the governance of the Bank.
November 26, 2020 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework