June 5, 2025 CFEC Meeting (June 5, 2025) Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
June 5, 2025 Speech: Sharon Kozicki, Deputy Governor 12:35 (ET) Toronto, Ontario Content Type(s): Upcoming events
June 4, 2025 Bank of Canada Interest Rate Announcement On Wednesday, June 4, 2025, 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 4, 2025 Interest Rate Announcement 09:45 (ET) On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Content Type(s): Upcoming events
May 30, 2025 Update on Changes to Canada’s Debt Distribution Framework The Bank of Canada and the Government of Canada (GoC) are announcing that adjustments to the GoC’s Debt Distribution Framework will come into effect on September 2, 2025. Content Type(s): Press, Market notices
May 30, 2025 Details on the reopening of off-the-run Government of Canada nominal bonds This document presents the operational details pertaining to reopening off-the run Government of Canada (GoC) nominal bonds.
The Optimum Quantity of Central Bank Reserves Staff Working Paper 2025-15 Jonathan Witmer This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that characterizes the socially optimal level of reserves, demonstrating that this quantity is neither necessarily large nor small but depends on the marginal benefits of reserves relative to alternative safe assets. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Monetary policy implementation JEL Code(s): E, E4, E41, E42, E5, E58, G, G2, G21, G28
May 23, 2025 Bank of Canada Media Interview – The New York Times Tiff Macklem, Governor of the Bank of Canada, gave an interview to Alan Rappeport and Ian Austen of the The New York Times. Content Type(s): Press, Media advisories
May 22, 2025 Panel: Toni Gravelle, Deputy Governor 15:15 (ET) New York, NY Content Type(s): Upcoming events