March 6, 2019 Bank of Canada maintains overnight rate target at 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
March 14, 2019 Global leverage makes financial system vulnerable, Senior Deputy Governor Wilkins says Media Relations Vancouver, British Columbia Global debt is now US$100 trillion higher than just before the financial crisis and more than three times global gross domestic product (GDP), presenting a headwind to growth and making the financial system vulnerable, Senior Deputy Governor Carolyn A. Wilkins said today. Content Type(s): Press, Press releases
December 16, 2009 Current Issues in Household Finances Remarks Mark Carney The National Forum (Canadian Club of Toronto and Empire Club of Canada) As the holiday season approaches, our attention turns naturally to the home front. Accordingly, my comments this afternoon will focus on households. I would like to concentrate in particular on the implications of Canadian household finances for financial stability in our country. Content Type(s): Press, Speeches and appearances, Remarks
December 16, 2011 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Evan W. Siddall as Special Adviser to the Governor. Content Type(s): Press, Press releases
April 16, 2025 Monetary Policy Report—April 2025—In focus—How removing the consumer carbon tax affects inflation The removal of the consumer carbon tax will temporarily lower inflation and result in a one-time reduction in the level of consumer prices, mostly reflecting a decline in gasoline prices.
Central Bank Digital Currency and Banking Choices Staff working paper 2024-4 Jiaqi Li, Andrew Usher, Yu Zhu To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E5, E50, E58 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
January 24, 2024 Bank of Canada maintains policy rate, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. Content Type(s): Press, Press releases
October 4, 2012 Bank of Canada Calls for Nominations for the 2013 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada calls for nominations for the 2013 Fellowship and Governor’s Awards. Content Type(s): Press, Press releases Source(s): Fellowship Program
April 7, 2014 Bank of Canada announces appointment of Filipe Dinis as Chief Operating Officer Media Relations Ottawa, Ontario The Bank of Canada today announced that Filipe Dinis has been appointed Chief Operating Officer (COO), effective 5 May 2014. Content Type(s): Press, Press releases
June 30, 2020 Our COVID-19 response: Navigating diverse economic impacts Lawrence L. Schembri The pandemic and related measures to control the spread of the virus have deeply affected Canadians and the Canadian economy. The impacts have been different across sectors and regions. The economic recovery will also vary across the country as local economies start to reopen. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation