News

• January 22, 2020

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz 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
• January 22, 2020

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.

  Content Type(s): Press, Press releases
• January 22, 2020

  Monetary Policy Report – January 2020

  

  The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.

  Content Type(s): Publications, Monetary Policy Report
• January 21, 2020

  Central bank group to assess potential cases for central bank digital currencies

  The Bank of Canada announces it is creating a working group with five other central banks and the Bank for International Settlements to assess the potential cases for central bank digital currencies.

  Content Type(s): Press, Announcements Research Topic(s): Digital currencies and fintech
• January 13, 2020

  Business Outlook Survey—Winter 2019–20

  Results from the winter Business Outlook Survey suggest that business sentiment is broadly positive except in the Prairies, where indicators remain weak. In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales.

  Content Type(s): Publications, Business Outlook Survey
• January 13, 2020

  Canadian Survey of Consumer Expectations—Fourth Quarter of 2019

  Survey results suggest that consumers’ inflation expectations declined slightly in the fourth quarter of 2019. Consumers’ expectations for their wage growth were largely the same as in the previous survey. Consumer expectations for house price growth went up somewhat in Canada.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• January 9, 2020

  Fireside Chat – Stephen S. Poloz, Governor

  Remarks Stephen S. Poloz Greater Vancouver Board of Trade Vancouver, British Columbia

  Governor Stephen S. Poloz talks about key issues for the Bank at the beginning of 2020.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 19, 2019

  Canada’s financial system is resilient amid global uncertainty, Senior Deputy Governor Wilkins says

  Media Relations Montréal, Quebec

  The Canadian financial system and economy are in good shape to deal with whatever storms might arise from a weakening global context, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• November 19, 2019

  Financial stability in an uncertain world

  Speech summary Carolyn A. Wilkins The International Finance Club of Montreal Montréal, Quebec

  Senior Deputy Governor Carolyn A. Wilkins talks about the recent strengthening of Canada’s financial system.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Climate change, Financial institutions, Financial stability, Financial system regulation and policies, Trade integration

• Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution

  Staff Discussion Paper 2019-11 Stephen S. Poloz

  This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the “fourth industrial revolution.”

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Economic models, Financial stability, Monetary policy and uncertainty, Monetary policy framework JEL Code(s): C, C5, E, E3, O, O1, O11, O3, O33