News

• July 29, 2021

  Bank of Canada publishes its 2022 schedule for policy interest rate announcements, the release of the Monetary Policy Report and other major publications

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2022 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 28, 2021

  Bank of Canada appoints Ron Morrow as Executive Director – Retail Payments Supervision

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Ron Morrow as Executive Director – Retail Payments Supervision, effective August 9, 2021.

  Content Type(s): Press, Press releases
• July 21, 2021

  Sharon Kozicki appointed as Deputy Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Sharon Kozicki as Deputy Governor, effective August 2, 2021.

  Content Type(s): Press, Press releases
• July 14, 2021

  Monetary Policy Report 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 and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 14, 2021

  Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases
• July 14, 2021

  Monetary Policy Report – July 2021

  

  As the economy reopens after the third wave of COVID-19, growth should rebound strongly. The Bank is forecasting growth of about 6 percent this year, slowing to about 4 ½ percent in 2022 and 3 ¼ percent in 2023.

  Content Type(s): Publications, Monetary Policy Report
• July 12, 2021

  Carolyn Rogers appointed as Senior Deputy Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced that Carolyn Rogers has been appointed Senior Deputy Governor for a term of seven years beginning December 15, 2021.

  Content Type(s): Press, Press releases
• July 5, 2021

  Business Outlook Survey—Summer 2021

  Results from the summer Business Outlook Survey point to continued improvement in business sentiment. Firms tied to high-contact services still face challenges but are becoming more confident that sales will pick up as vaccination rates rise. This suggests an important broadening in the recovery ahead.

  Content Type(s): Publications, Business Outlook Survey
• July 5, 2021

  Canadian Survey of Consumer Expectations—Second Quarter of 2021

  This survey took place during the third wave of the COVID‑19 pandemic and coincided with the acceleration of vaccination efforts. Like the previous four surveys, this survey included questions on the impact of COVID‑19 and the measures to contain its spread. This survey also asked respondents how they are planning to use the extra savings they may have accumulated during the pandemic.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• June 16, 2021

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments