Press Release Department: Federal - Bank of Canada

The Bank of Canada launched an online public consultation on the features that could be included in a digital Canadian dollar. The consultation opened runs until June 19. The full release is available online.

The Bank of Canada has released its first annual report outlining the risks that climate change poses to its mandate and operations. “This report is part of our accountability to Canadians. It represents an important first step in evaluating and explaining how we are managing the climate risks we face and what we are doing to reduce … Read more

BDC announced the creation of its new $150-million Sustainability Venture Fund dedicated to investing in businesses developing technologies that will support Canada and the world to meet sustainability and climate targets. The Fund is a key component of BDC’s commitment to sustainability and part of its contribution to help advance Canada’s 2050 net-zero ambition. It will invest … Read more

The Bank of Canada held its target for the overnight rate at 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is June 7, 2023. The … Read more

The Bank of Canada announced that Deputy Governor Paul Beaudry will leave the Bank at the end of July 2023. Beaudry will return to his academic position at the University of British Columbia. The Bank will soon undertake an internal recruitment process for the Deputy Governor position. The full release is available online. 

The Bank of Canada today held its target for the overnight rate at 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is April 12, 2023. … Read more

BDC announced the deployment of a new $30 million financing envelope to deepen its support for Canada’s creative and cultural economy. BDC’s goal is that this financing will have a positive ripple effect on all businesses in these industries. With this financing, the bank is going one step further in supporting rapidly growing medium-sized businesses in the … Read more

The Bank of Canada increased its target for the overnight rate to 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of quantitative tightening. The full release is available online.

The Board of Directors of the Bank of Canada announced the appointment of Nicolas Vincent as the Bank’s new external, non-executive Deputy Governor for a term of two years, effective March 13, 2023. Vincent’s appointment, which is the result of an open external search process, fills the vacancy created by the departure of Timothy Lane in September 2022. … Read more

The Bank of Canada increased its target for the overnight rate to 4¼ per cent, with the Bank Rate at 4½ per cent and the deposit rate at 4¼ per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is Jan. 25, 2023. The full … Read more