Bank of Canada
The Bank of Canada is the nation’s central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada’s monetary policy, bank notes, financial system, and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."
Currency Converter - Bank of Canada
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.
Interest rates - Bank of Canada
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.
Bank of Canada reduces policy rate by 50 basis points to 3¼%
Dec 11, 2024 · The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report ...
Bank of Canada publishes its 2025 schedule for policy interest …
Aug 6, 2024 · The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.
About us - Bank of Canada
The Bank of Canada is the nation's central bank. Our main role is “to promote the economic and financial welfare of Canada,” as defined in the Bank of Canada Act. Our main areas of responsibility are: Monetary policy: We influence the supply of money circulating in the economy, using our monetary policy framework to keep inflation low and stable.
Monetary policy - Bank of Canada
The objective. The goal of Canada’s monetary policy is to promote the economic and financial well-being of Canadians. Experience shows the best way to achieve this goal is by keeping inflation low and stable. Predictable inflation allows Canadians to make spending and investment decisions with confidence, encourages longer-term investment in Canada's economy, and contributes to sustained job ...
Daily Digest - Bank of Canada
Dec 18, 2024 · Get quick access to data on exchange rates, money markets, inflation, interest rates and bond yields.
Bank of Canada reduces policy rate by 25 basis points to 4¼%
Sep 4, 2024 · The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization.
Sticking the landing: Keeping inflation at 2% - Bank of Canada
Nov 26, 2024 · Job vacancies—which measure the demand for labour—surged to a record high in 2022. At the same time, the unemployment rate fell to the lowest level on record, meaning that the supply of workers available to fill those job openings was limited.