News

• November 26, 2024

  Sticking the landing: Keeping inflation at 2%

  Remarks Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank wants inflation to stay close to 2%.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 25, 2024

  Bank of Canada announces finalists for the tenth annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the six finalist teams in the 2024-25 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 6, 2024

  Canada’s mortgage market—A question of balance

  Remarks Carolyn Rogers Economic Club of Canada Toronto, Ontario

  Senior Deputy Governor Carolyn Rogers looks at the mortgage market in Canada—past, present and future.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Financial institutions, Financial services, Financial stability, Financial system regulation and policies, Housing, Monetary policy transmission
• November 5, 2024

  Summary of Governing Council deliberations: Fixed announcement date of October 23, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 23, 2024.

  Content Type(s): Publications, Summary of deliberations
• November 4, 2024

  Market Participants Survey—Third Quarter of 2024

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

  Content Type(s): Publications, Market Participants Survey
• November 1, 2024

  Bank of Canada Opens Registration Period for Payment Service Providers

  Media Relations Ottawa, Ontario

  The Bank of Canada said today it has opened the registration period for retail payment service providers (PSPs) that are subject to the Retail Payments Activities Act (RPAA).

  Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision
• October 30, 2024

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

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

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 29, 2024

  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
• October 23, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

  Content Type(s): Press, Press releases
• October 23, 2024

  Monetary Policy Report—October 2024

  

  Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.

  Content Type(s): Publications, Monetary Policy Report