December 3, 2002 Bank of Canada keeps target for the overnight rate at 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. Content Type(s): Press, Press releases
September 15, 2008 The Bank of Canada's Senior Loan Officer Survey Bank of Canada Review - Autumn 2008 Umar Faruqui, Paul Gilbert, Wendy Kei The Bank of Canada maintains regular contact with financial institutions as part of the information-gathering process that feeds into the larger set of information used to arrive at its monetary policy decision. Since 1999, the Bank has been conducting a quarterly survey of the business-lending practices of major Canadian financial institutions. Analysis of the information collected shows that it is correlated with future growth in both credit and business investment. This article focuses on how the survey is conducted and describes the construction of the summary statistics, highlighting the key statistical relationships in the historical survey data. Content Type(s): Publications, Bank of Canada Review articles
October 31, 2015 Research Update - October 2015 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
December 19, 2022 Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations Effective Monday, December 19, 2022, limits for Overnight Repo (OR) operations will increase to $1 billion for each eligible participant. Content Type(s): Press, Market notices Source(s): Overnight repo operations
The Case of Serial Disappointment Staff analytical note 2016-10 Justin-Damien Guénette, Nicholas Labelle, Martin Leduc, Lori Rennison Similar to those of other forecasters, the Bank of Canada’s forecasts of global GDP growth have shown persistent negative errors over the past five years. This is in contrast to the pre-crisis period, when errors were consistently positive as global GDP surprised to the upside. All major regions have contributed to the forecast errors observed since 2011, although the United States has been the most persistent source of notable errors. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E27, E6, E66, F, F0, F01 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting
April 22, 2008 Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. Content Type(s): Press, Press releases
May 6, 2005 Governor Dodge Discusses How Canada Is Adjusting to Global Economic Forces Media Relations Ottawa, Ontario Bank of Canada Governor David Dodge said today that Canada's economy is adjusting to powerful forces at work in the global economy, including the emergence of China and India as economic powerhouses, large and growing current account imbalances in the United States and Asia, rising commodity prices, and movements in exchange rates, including Canada's dollar. Content Type(s): Press, Press releases
April 20, 2026 Bank of Canada announces the appointment of two Deputy Governors Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada today announced the appointment of Marc-André Gosselin and Nicolas Vincent as Deputy Governors, effective May 25 and August 3, 2026, respectively. Content Type(s): Press, Press releases
September 8, 2004 Bank of Canada raises target for the overnight rate by 1/4 percentage point to 2 1/4 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 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
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