Press Release Department: Federal - Bank of Canada

The Bank of Canada released a staff working paper, Parallel Tempering for DSGE Estimation by Joshua Brault. The full release is available online.

On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note. “The $20 bank note is Canada’s workhorse note—more than a billion are circulating in pockets, cash registers and ATMs across the country,” said Bank of Canada Governor Tiff … Read more

The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons on May 2. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations. The full release is available online. 

The Bank of Canada today held its target for the overnight rate at 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is June 5, 2024. The … Read more

The Bank of Canada today held its target for the overnight rate at 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is April 10, 2024. The … Read more

The Bank of Canada today held its target for the overnight rate at 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is March 6, 2024. The … Read more

The Bank of Canada released two new staff papers: Understanding the Systemic Implications of Climate Transition Risk: Applying a Framework Using Canadian Financial System Data by Gabriel Bruneau, Javier Ojea Ferreiro, Andrew Plummer, Marie-Christine Tremblay, and Aidan Witts; and Climate-Related Flood Risk to Residential Lending Portfolios in Canada by Craig Johnston, Geneviève Vallée, Hossein Hosseini Jebeli, Brett … Read more

The Bank of Canada released its account of the deliberations of its Governing Council leading to the monetary policy decision on Dec. 6, 2023. The full release is available online. The Bank of Canada published a new staff research paper, The impact of higher interest rates on mortgage payments, by Maria teNyenhuis and Adam Su. The full release is available online.

The Bank of Canada held its target for the overnight rate at 5 per cent, with the Bank Rate at 5¼ per cent and the deposit rate at 5 per cent. The Bank is continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is Jan. 24, 2023. The Bank … Read more

The Bank of Canada published a new staff paper: Machine learning for economics research: when, what and how by Ajit Desai. The full release is available online. The Bank of Canada published a new staff paper, Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans, by Michael Boutros, Nuno Clara, and Francisco Gomes. The full … Read more