News

• November 23, 2020

  Taking the pulse of Canada’s financial system

  Speech summary Toni Gravelle Autorité des marchés financiers Montréal, Quebec

  Deputy Governor Toni Gravelle discusses how the Bank of Canada is carefully monitoring our financial system as the economy recovers from the COVID‑19 pandemic.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial stability, Recent economic and financial developments
• November 19, 2020

  Reminder: Changes to legal tender status will take effect in 2021

  Media Relations Ottawa, Ontario

  In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government will remove legal tender status from some older bank notes as of January 1, 2021.

  Content Type(s): Press, Press releases
• November 17, 2020

  Panel remarks

  Remarks (delivered virtually) Tiff Macklem Public Policy Forum Ottawa, Ontario

  Governor Tiff Macklem speaks by videoconference at the Public Policy Forum’s Sustainable Finance 2 Roundtable

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Climate change, Financial institutions, Financial stability, Monetary policy
• November 16, 2020

  Bank of Canada and OSFI launch pilot project on climate risk scenarios

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) today announced plans for a pilot project to use climate-change scenarios to better understand the risks to the financial system related to a transition to a low-carbon economy.

  Content Type(s): Press, Press releases
• November 12, 2020

  Helping the economy after the COVID‑19 pandemic

  Speech summary Carolyn A. Wilkins Munk School of Global Affairs and Public Policy Toronto, Ontario

  The pandemic won’t last forever. Senior Deputy Governor Carolyn A. Wilkins talks about what the economy will need once we’re past the COVID-19 crisis.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Business fluctuations and cycles, Central bank research, Climate change, Coronavirus disease (COVID-19), Debt management, Digital currencies and fintech, Expectations, Financial institutions, Financial stability, Financial system regulation and policies, Firm dynamics, Fiscal policy, Inflation targets, Interest rates, Labour markets, Monetary policy communications, Monetary policy framework, Payment clearing and settlement systems, Potential output, Productivity, Recent economic and financial developments
• November 9, 2020

  Bank of Canada announces short list for next $5 bank note

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that the independent Advisory Council has selected a short list of eight iconic Canadians who could be featured on the next $5 bank note.

  Content Type(s): Press, Press releases Research Topic(s): Bank notes
• November 5, 2020

  Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December

  Media Relations Ottawa, Ontario

  Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020.

  Content Type(s): Press, Press releases
• November 4, 2020

  Advertisement for the position of Senior Deputy Governor of the Bank of Canada

  Carolyn A. Wilkins has announced she will not seek a second term as Senior Deputy Governor. Learn more about this leadership opportunity.

  Content Type(s): Press, Announcements
• October 28, 2020

  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
• October 28, 2020

  Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained 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