November 1, 2000 Revisiting the Case for Flexible Exchange Rates Proceedings of a conference held by the Bank of Canada, November 2000 (proceedings volume, available in electronic format only) Content Type(s): Conferences and workshops
July 10, 2008 Bank of Canada Appoints Special Advisers Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Angelo Melino, Professor in the Department of Economics at the University of Toronto, and Frank Milne, BMO Professor of Economics and Finance in the Department of Economics at Queen's University, as Special Advisers for the year 2008-09. Content Type(s): Press, Press releases
September 4, 2024 Bank of Canada reduces policy rate by 25 basis points to 4¼% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Content Type(s): Press, Press releases
December 5, 2006 Bank of Canada keeps target for the overnight rate at 4 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. Content Type(s): Press, Press releases
December 12, 2019 The Bank of Canada’s plans for 2020 Speech summary Stephen S. Poloz Empire Club of Canada Toronto, Ontario In his traditional year-end speech, Governor Stephen S. Poloz described some of the long-term forces affecting the global and Canadian economies that will shape the Bank’s work in 2020. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Currency, Digital currency, Financial system, Fintech, Monetary policy, Economy/Economic growth, Inflation targeting framework
December 11, 1996 The impact of exchange rate movements on consumer prices Bank of Canada Review - Winter 1996-1997 Thérèse Laflèche In the first, mostly theoretical, part of this article, the author analyses the factors that affect the pass-through of exchange rate movements to consumer prices. In the second part, she studies the recent Canadian experience in this area, starting from 1992. The analysis in the first part of the article is used to investigate why the depreciation of the Canadian dollar by almost 20 per cent between 1992 and 1994 did not produce as much of an increase in the inflation rate as predicted by conventional estimates of the exchange rate pass-through. The author first explains this phenomenon using the factors described in the theoretical part of the article: demand conditions, the costs of adjusting prices, and expectations about the depreciation's duration. She then examines the role of more specific factors, such as the abolition of customs duties on trade between Canada and the United States and the restructuring of the retail market. It is clear that the latter two factors helped neutralize the effect of the depreciation on prices. Content Type(s): Publications, Bank of Canada Review articles
October 23, 2013 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
May 31, 2011 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
Is anyone surprised? The high-frequency impact of US and domestic macroeconomic data announcements on Canadian asset prices Staff analytical note 2025-10 Blake DeBruin Martos, Rodrigo Sekkel, Henry Stern, Xu Zhang Using almost two decades of detailed high-frequency data, we show how Canadian interest rates, the CAD/USD spot exchange rate, and stock market returns react to both US and domestic macro announcements. We find that Canadian macroeconomic announcements invoke greater responses in short-term yields, whereas US macroeconomic announcements play an increasingly important role in the yield movements of longer-term assets. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G14, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Market functioning, Monetary policy, Real economy and forecasting
October 1, 2012 Financial Intermediation and Vulnerabilities Bank of Canada 2012 Annual Conference. Content Type(s): Conferences and workshops