News

• May 8, 2023

  Bank of Canada launches public consultations on a digital dollar

  Media Relations Ottawa, Ontario

  The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.

  Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
• May 4, 2023

  Getting inflation back to 2%

  Speech summary Tiff Macklem Toronto Region Board of Trade Toronto, Ontario

  Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He also discusses the recent stress in the global banking sector and how financial stability and price stability work together.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Expectations, Financial institutions, Financial stability, Financial system regulation and policies, Inflation and prices, Inflation targets, International financial markets, Monetary policy, Price stability, Service sector
• April 26, 2023

  Summary of Governing Council deliberations: Fixed announcement date of April 12, 2023

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 12, 2023.

  Content Type(s): Publications, Summary of deliberations
• April 24, 2023

  The Bank of Canada releases its Annual Report for 2022

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2022 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• April 24, 2023

  Bank of Canada releases first report about climate risks to its mandate and operations

  Media Relations Ottawa, Ontario

  The Bank of Canada has released its first annual report outlining the risks that climate change poses to its mandate and operations.

  Content Type(s): Press, Press releases
• April 24, 2023

  Market Participants Survey—First Quarter of 2023

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey
• April 20, 2023

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

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

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 18, 2023

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 12, 2023

  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
• April 12, 2023

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases