Due to poor weather and power outages in the Halifax area, today’s official unveiling event for the new $10 bank note may experience technical difficulties.
Finance Minister Bill Morneau and Bank of Canada Governor Stephen S. Poloz today unveiled the new $10 bank note featuring Viola Desmond during a ceremony at the Halifax Central Library.
The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
The Bank of Canada today published additional information on the federal government’s 2018 budget initiative to seek the authority to remove legal tender status from Canadian bank notes.
Deputy Governor Lawrence Schembri examines the success of the Bank’s monetary policy framework and explains the review being undertaken before its renewal in 2021.