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.
Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.
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 ...
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 daily average exchange rates are published once each business day by 16:30 ET.
This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time. Policy interest rate The Bank carries out monetary policy by influencing short-term interest rates.
On Wednesday, September 4, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. The Bank continues to expect the global economy to expand at a rate of about 3% over the next two years.
The Bank of Canada’s projection is conditional on several key inputs and assumptions about their future path. The Bank regularly reviews these assumptions and adjusts the economic projection accordingly.
The Bank of Canada today published its 2024 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.
Conversions are based on Bank of Canada exchange rates, which are published each business day by 16:30 ET.