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The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent.

The Bank of Canada today announced the five finalist teams in the 2018–19 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

As the Canadian economy is reshaped by new opportunities and potentially disruptive challenges, our three-year strategic plan draws on valuable insights and innovative thinking from across the Bank. It defines the goals and priorities that will guide the work ahead as we deliver on our promise to Canadians.

COVID-19 has emphasized the complexity and diversity of the labour market – and the need to look at a broad range of measures to assess labour market health. View the indicators that track the recovery of the labour market from COVID-19.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

As an open economy, Canada has a strong interest in promoting a sound and robust international economic environment, Governor David Dodge said today, in a speech to the Montreal Society of Financial Analysts. He stressed that sound macroeconomic policies and robust and efficient financial systems are of paramount importance in an increasingly interconnected world.

Collaborating with the research community enriches our understanding and sharpens our policy thinking by bringing in diverse perspectives and advanced research methodologies.

As the ultimate provider of Canadian-dollar liquidity to the financial system, the Bank of Canada has the unique capacity to create Canadian-dollar claims on the central bank and the power to make secured loans or advances to chartered banks and other members of the Canadian Payments Association. The Bank supplies overnight credit on a routine basis through the Standing Liquidity Facility (SLF) to direct participants in the Large Value Transfer System, and Emergency Lending Assistance (ELA) to solvent deposit-taking institutions that require more substantial and prolonged credit. The authors review the policy framework that guides the Bank's lender-of-last-resort function, including the key issues, terms and conditions, and eligibility criteria associated with its SLF and ELA activities. Also discussed are foreign currency ELA, the relationship between SLF and ELA, systemic risk and Bank of Canada intervention, and the potential provision of liquidity to major clearing and settlement systems.

anadian money markets are functioning better after being affected by this summer's turbulence, but they are not yet back to normal, Bank of Canada Governor David Dodge said today in a speech to the Vancouver Board of Trade.

The Bank of Canada has announced the five finalist teams in the 2019-20 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.