Search results
Results From The WOW.Com Content Network
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.
Find interest rates, along with supporting data and background information.
Find exchange rates, along with supporting data and background information. All Bank of Canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. For details, please read our full Terms and Conditions.
The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. For more information on the policy interest rate, see this explainer.
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 ...
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, [5] and for the promotion of a safe and sound financial system within Canada. [6]
Search our compilation of banking and financial indicators, including the Bank of Canada’s assets and liabilities, credit and monetary aggregates, chartered banks data and selected financial market statistics.
Bank of Canada Governor Tiff Macklem discusses how artificial intelligence could impact the economy, and outlines some of the implications for monetary policy.
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening.
The Bank of Canada is continuing to cut its benchmark interest rate, lowering the cost of borrowing as inflation increasingly looks to be under control.