News

• June 2, 2016

  Two-Track Adjustment: The Outlook for the Canadian Economy

  Presentation Lawrence L. Schembri Tourism Industry Association of Nova Scotia and Cape Breton Partnership Sydney, Nova Scotia

  Deputy Governor Lawrence Schembri discusses the Bank of Canada’s mandate and responsibilities and the outlook for the Canadian economy

  Content Type(s): Press, Speeches and appearances, Presentations
• May 26, 2016

  Bank of Canada announces appointment of Advisor in New York Office

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office.

  Content Type(s): Press, Press releases
• May 25, 2016

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• May 16, 2016

  Bank of Canada Review - Spring 2016

  

  This issue focuses on the upcoming renewal of Canada’s inflation-control target. Bank researchers discuss the estimate of the lower bound to policy interest rates in Canada. They also discuss downward nominal wage rigidity and whether its presence warrants considering a higher inflation target. The third article highlights the experience some international central banks have had with unconventional monetary policies. The final article describes monetary policy frameworks in 10 advanced economies.

  Content Type(s): Publications, Bank of Canada Review
• May 6, 2016

  Stress Prevention: Central Banks and Financial Stability

  Remarks Lawrence L. Schembri Joint Workshop: Bank of Canada, International Monetary Fund, Centre for International Governance Innovation, and Peterson Institute for International Economics Ottawa, Ontario

  Deputy Governor Lawrence Schembri discusses central banks and the maintenance of financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Monetary policy framework, Sectoral balance sheet
• May 2, 2016

  Bank of Canada designates Automated Clearing Settlement System under the Payment Clearing and Settlement Act

  Media Relations Ottawa, Ontario

  The Governor of the Bank of Canada has designated, effective 2 May 2016, the Automated Clearing Settlement System (ACSS) for oversight under the Payment Clearing and Settlement Act (PCSA) as a clearing and settlement system that has the potential to pose payments system risk.

  Content Type(s): Press, Press releases
• April 29, 2016

  Independent Advisory Council announces candidates for the 2018 bank note featuring an iconic Canadian woman

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that the 2018 bank note independent Advisory Council has narrowed to 12 names the list of iconic Canadian women who could be featured on the first bank note of the next series.

  Content Type(s): Press, Press releases
• April 26, 2016

  Slowing global trade growth signals new balance point, Governor Poloz says

  Media Relations New York, New York

  The slowdown in international trade growth seen over the past few years suggests that global exports have reached a new balance point and this weakness is not a sign of impending trouble, Bank of Canada Governor Stephen S. Poloz said today. In a speech to a meeting of Canadian and US securities industry associations in […]

  Content Type(s): Press, Press releases
• April 26, 2016

  A New Balance Point: Global Trade, Productivity and Economic Growth

  Remarks Stephen S. Poloz Investment Industry Association of Canada and Securities Industry and Financial Markets Association New York, New York

  Governor Stephen S. Poloz talks about slowing international trade growth and the implications for productivity and the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Productivity, Recent economic and financial developments, Trade integration
• April 20, 2016

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

  Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be back to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. It has been 18 months since Carolyn and I were last here. And it was about that time, in the fall of 2014, when […]

  Content Type(s): Press, Speeches and appearances, Opening statements