June 5, 2024 Bank of Canada reduces policy rate by 25 basis points Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. Content Type(s): Press, Press releases
June 5, 2024 Bank of Canada Interest Rate Announcement On Wednesday, June 5, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Content Type(s): Press, Media advisories
June 5, 2024 Monetary Policy Decision Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision. Content Type(s): Press, Speeches and appearances, Opening statements
May 30, 2024 Speech by Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada On Thursday, May 30, 2024, Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada, will speak at The Payments Canada SUMMIT. Content Type(s): Press, Media advisories
May 30, 2024 Future-proofing our payments systems Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision
May 30, 2024 Laying bare the evolution of payments in Canada Remarks Ron Morrow Payments Canada SUMMIT Toronto, Ontario Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision
May 21, 2024 Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics Media Relations Ottawa, Ontario The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Content Type(s): Press, Press releases
May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions As of 3 June 2024, all Government of Canada auctions of its treasury bills, bonds and Cash Management Bond Buybacks (CMBB) will be subject to T+1 settlement. This move will follow the Canadian secondary market’s own transition to T+1 settlement, expected to occur on Monday, 27 May 2024. Content Type(s): Press, Market notices
May 13, 2024 CARR publishes illustrative examples on determining fallback rates on floating rate notes that reference CDOR CARR is publishing two presentations to clarify how CARR’s recommended fallback rate for floating rate notes that reference CDOR should be implemented for calculating the coupon and accrued interest post June 2024. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group