January 22, 2020 Bank of Canada maintains overnight rate target at 1 ¾ percent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. Content Type(s): Press, Press releases
December 4, 2018 Bank of Canada Announces Deputy Governor Appointment Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada today announced the appointment of Paul Beaudry as Deputy Governor, effective February 18, 2019. Content Type(s): Press, Press releases
November 24, 2020 Bank of Canada announces finalists for the sixth annual Governor’s Challenge Media Relations Ottawa, Ontario The Bank of Canada has announced the five finalist teams in the 2020-21 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
September 3, 2025 What is a flexible exchange rate? Canada has a flexible exchange rate. The value of our dollar is not fixed to the value of any other currency or to a precious metal such as gold. Content Type(s): Explainers Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth
October 30, 2013 Research Update - October 2013 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
March 22, 2018 Bank of Canada Announces Lower Target for Settlement Balances to Reinforce the Target for the Overnight Rate Effective Thursday, 22 March 2018, the Bank is reducing the target for the minimum daily level of settlement balances to $250 million, from its current level of $500 million. Content Type(s): Press, Market notices
October 24, 2024 Bank of Canada announces a change to Overnight Repo operations Effective Friday, October 25, 2024, the aggregate cash value amount offered in each Overnight Repo (OR) operation will change to a minimum of $8 billion. Content Type(s): Press, Market notices Source(s): Overnight repo operations
June 16, 2004 Governor Dodge Discusses How Canada Is Adjusting to Changes in the Global Economy Media Relations Hamilton, Ontario The Canadian economy is well placed to adjust to the major changes underway in the world economy, Bank of Canada Governor David Dodge said today. While Canada has adopted the right policies to allow its economy to adjust to changing forces, it should continue its efforts to prepare for new opportunities and challenges, the Governor said. Content Type(s): Press, Press releases
October 1, 2001 Taylor Rules Workshop Conference Proceedings October 2001 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
November 19, 2008 Governor Carney says the global financial system needs continuously open markets Media Relations London, United Kingdom In order to achieve a full recovery, the global financial system must have continuously open markets at its core, Bank of Canada Governor Mark Carney argued today in a speech to the Canada – United Kingdom Chamber of Commerce. Content Type(s): Press, Press releases