April 15, 2020 Bank of Canada maintains overnight rate target and unveils new market operations Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system. Content Type(s): Press, Press releases
April 16, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
February 20, 2002 Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate Media Relations New York, New York In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity." Content Type(s): Press, Press releases
November 16, 1998 Bank of Canada Governor comments on release of the Monetary Policy Report Media Relations Bank of Canada Governor Gordon Thiessen today commented on the release of the Monetary Policy Report for November 1998. Content Type(s): Press, Press releases
December 7, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
May 1, 2020 Statement by Tiff Macklem on his announcement as New Governor Opening statement Tiff Macklem Ottawa, Ontario Governor-designate Tiff Macklem applauds Stephen Poloz’s leadership of the Bank and explains how much he looks forward to returning to the Bank as its next Governor. Content Type(s): Press, Speeches and appearances, Opening statements
September 29, 1998 Bank Rate Lowered by ¼ Percentage Point to 5¾ Per Cent Media Relations Ottawa, Ontario The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5¾ per cent. Content Type(s): Press, Press releases
October 19, 2011 Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions In managing its balance sheet, the Bank of Canada acquires Government of Canada securities to offset its liabilities, which consist mainly of bank notes in circulation and deposits. Content Type(s): Press, Market notices