August 10, 1996 Inflation expectations and Real Return Bonds Bank of Canada Review - Summer 1996 Agathe Côté, Jocelyn Jacob, John Nelmes, Miles Whittingham The existence of a market for Real Return Bonds in Canada provides a direct tool with which to measure market expectations of inflation by comparing the yields on these bonds with those on conventional Government of Canada long-term bonds. However, there are other factors besides inflation expectations that may affect the yield differential. After reviewing these factors, the authors note that they can lead to a potentially large bias in the level of inflation expectations. The changes in the differential over time may, nonetheless, be a good indicator of movements in long-run inflation expectations. Based on this measure, expectations of long-run inflation have declined since late 1994. Content Type(s): Publications, Bank of Canada Review articles
December 10, 2025 Bank of Canada maintains policy rate at 2¼% Media Relations Ottawa, Ontario 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%. Content Type(s): Press, Press releases
February 1, 2006 Inflation Targeting: Problems and Opportunities Proceedings of a Conference Co-sponsored by the New York Association for Business Economics and the Canadian Consulate General in New York, February 2006 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
April 27, 2015 Workshop on Commodity Super Cycles Workshop held on 27 and 28 April 2015 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
November 2, 2022 Preparing for payments supervision Remarks Ron Morrow Canadian Innovation Exchange Summit Toronto, Ontario Ron Morrow, Executive Director of Retail Payments Supervision, discusses the Bank’s new mandate and what the future holds for payment service providers. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech, Retail payments
The impact of the Bank of Canada’s Government Bond Purchase Program Staff analytical note 2021-23 Rohan Arora, Sermin Gungor, Joe Nesrallah, Guillaume Ouellet Leblanc, Jonathan Witmer We assess the response of Government of Canada bond yields to the Bank of Canada’s initial announcement of the Government Bond Purchase Program (GBPP) as well as to the Bank’s later GBPP purchase operations. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E52, E58, E6, E63 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy tools and implementation
August 13, 2025 Canada Border Services Agency and Royal Canadian Mounted Police win Bank of Canada counterfeit deterrence award The Bank of Canada is pleased to announce the recipients of its 2025 Law Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Announcements
March 28, 2017 Progress and openness go hand in hand, Bank of Canada Governor Poloz says Media Relations Oshawa, Ontario Canada’s economic progress has been driven by its historical preference for openness to people, capital and trade, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
April 29, 2014 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Thank you for the opportunity for Tiff and me to be here today to share with you highlights from the Bank of Canada’s recent economic outlook. The Bank aims to communicate openly and effectively so that Canadians know how we are achieving our mandate to promote the economic and financial welfare of this country. One […] Content Type(s): Press, Speeches and appearances, Opening statements