November 13, 1998 Currency crises and fixed exchange rates in the 1990s: A review Bank of Canada Review - Autumn 1998 Patrick Osakwe, Lawrence L. Schembri Currency crises in the 1990s, especially those in emerging markets, have sharply disrupted economic activity, affecting not only the country experiencing the crisis, but also those with trade, investment, and geographic links. The authors review the theoretical literature and empirical evidence regarding these crises. They conclude that their primary cause is a fixed nominal exchange rate combined with macroeconomic imbalances, such as current account or fiscal deficits, that the market perceives as unsustainable at the prevailing real exchange rate. They also conclude that currency crises can be prevented through the adoption of sound monetary and fiscal policies, effective regulation and supervision of the financial sector, and a more flexible nominal exchange rate. Content Type(s): Publications, Bank of Canada Review articles
February 28, 2015 Research Update - February 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
July 30, 2025 Monetary Policy Report—July 2025—Risks Considerable uncertainty surrounds the outlook for inflation. It is extremely difficult to predict how US trade policy will play out and how businesses, households and governments will react to a given level of tariffs. The outlook also faces risks that are not directly related to tariffs.
September 5, 2018 Bank of Canada maintains overnight rate target at 1 ½ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. Content Type(s): Press, Press releases
May 1, 2020 Statement by Claire Kennedy on Announcement of New Governor Opening statement Claire M. C. Kennedy Ottawa, Ontario Lead Director Claire Kennedy congratulates Tiff Macklem on being selected as the 10th Governor of the Bank of Canada and thanks Stephen Poloz for his service. Content Type(s): Press, Speeches and appearances, Opening statements
May 5, 2022 Supporting Indigenous prosperity Speech summary Lawrence L. Schembri National Aboriginal Capital Corporations Association Gatineau, Quebec In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion and opportunity for Indigenous peoples. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth
May 25, 2023 New exhibition Money in 10 Questions: Kids Edition opens at the Bank of Canada Museum Media Relations Ottawa, Ontario The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is a play-based experience that helps children understand money and how to handle it. The exhibit opens to the public on May 25 and includes special activities for families. Content Type(s): Press, Press releases
October 1, 2024 The Bank of Canada Museum launches a new free educational resource “You Are the Economy” Media Relations Ottawa, Ontario The Bank of Canada Museum is excited to introduce “You Are the Economy,” a comprehensive suite of six free lesson plans on economic and financial literacy for Grade 7–12 students across Canada. Content Type(s): Press, Press releases
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