March 15, 2020 Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. Content Type(s): Press, Press releases
March 13, 2020 Canada outlines measures to support the economy and the financial sector Today, Minister of Finance Bill Morneau, Governor of the Bank of Canada Stephen Poloz, and Superintendent of Financial Institutions Jeremy Rudin outlined a coordinated package of measures being taken by financial sector partners to support the functioning of markets and continued access to financing for Canadian businesses. Content Type(s): Press, Press releases
March 13, 2020 Bank of Canada lowers overnight rate target to ¾ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices. Content Type(s): Press, Press releases
March 9, 2020 Bank of Canada announces members of Advisory Council for next $5 bank note Media Relations Ottawa, Ontario The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note. Content Type(s): Press, Press releases
March 4, 2020 Bank of Canada lowers overnight rate target to 1 ¼ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent. Content Type(s): Press, Press releases
March 3, 2020 Statement of G7 Finance Ministers and Central Bank Governors Media Relations We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions. Content Type(s): Press, Press releases
February 19, 2020 Bank of Canada Announces Scholarship Recipients Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the 2019-2020 recipients of its scholarship awards for women, Indigenous students and students with disabilities. Content Type(s): Press, Press releases Source(s): Scholarship awards
February 18, 2020 Bank of Canada to begin publishing Canadian Overnight Repo Rate Average in June Media Relations Ottawa, Ontario The Bank of Canada will take over the responsibility for publishing the Canadian Overnight Repo Rate Average (CORRA), effective Monday, June 15, 2020. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
February 10, 2020 University of British Columbia crowned National Champion of The Governor’s Challenge Media Relations Ottawa, Ontario The University of British Columbia has won the Bank of Canada’s fifth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
February 5, 2020 Securing long-term prosperity is up to all of us, Senior Deputy Governor Wilkins says Media Relations Toronto, Ontario In remarks to the Economic Club of Canada, Senior Deputy Governor Carolyn A. Wilkins said aging populations and weak productivity gains are holding back prospects in many advanced economies, including Canada’s. Content Type(s): Press, Press releases