News

• June 22, 2022

  Deputy Governor Timothy Lane to Retire from the Bank of Canada

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022.

  Content Type(s): Press, Press releases
• June 14, 2022

  The Bank of Canada Museum announces recipients of new Award for Excellence in Teaching Economics

  The Bank of Canada Museum is honouring two outstanding educators with a new award that recognizes exemplary work in teaching students about the economy.

  Content Type(s): Press, Announcements
• June 9, 2022

  Release of the Financial System Review

  Opening statement Tiff Macklem, Carolyn Rogers Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• June 9, 2022

  Financial System Review—2022

  

  Tiff Macklem, Carolyn Rogers, Timothy Lane, Lawrence L. Schembri, Paul Beaudry, Toni Gravelle, Sharon Kozicki

  The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.

  Content Type(s): Publications, Financial Stability Report
• June 2, 2022

  Navigating high inflation

  Speech summary Paul Beaudry Gatineau Chamber of Commerce Gatineau, Quebec

  On June 1, the Bank of Canada decided to increase its policy interest rate by half a percentage point. Speaking the next day, Deputy Governor Paul Beaudry explains why inflation has been higher than expected and what we are doing to get it back to our 2% target.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy implementation, Price stability, Recent economic and financial developments
• June 1, 2022

  Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.

  Content Type(s): Press, Press releases
• May 12, 2022

  How commodity prices affect our economy

  Speech summary Toni Gravelle Association des économistes québécois Montréal, Quebec

  Deputy Governor Toni Gravelle talks about the spike in commodity prices over the past two years, the impact on inflation and how the Bank of Canada is responding.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Domestic demand and components, Exchange rates, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, International topics, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
• May 5, 2022

  Supporting Indigenous prosperity

  Speech summary Lawrence L. Schembri National Aboriginal Capital Corporations Association Gatineau, Quebec

  In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion and opportunity for Indigenous peoples.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Fiscal policy, Monetary policy
• May 3, 2022

  Earning the trust of Canadians

  Speech summary Carolyn Rogers Women in Capital Markets Toronto, Ontario

  In her first speech with the Bank of Canada, Senior Deputy Governor Carolyn Rogers talks about how independence and accountability help the Bank build and maintain trust.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Credibility, Inflation targets, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Recent economic and financial developments
• April 29, 2022

  The Bank of Canada Museum is reopening

  The Bank of Canada Museum will reopen on May 12, 2022, after being closed for the past two years due to the COVID-19 pandemic.

  Content Type(s): Press, Announcements