Bank of Canada (BoC)


BoC: QE is in focus in the bank's June meeting

BoC's monetary stimulus

BoC's Macklem: Tapering is right move for economy

In an interview with the Wall Street Journal, Bank of Canada (BoC) Governor Tiff Macklem said that tapering is the right move for the Canadian economy, as reported by Reuters. Macklem further noted that the economy still needs a "considerable amount of monetary support" and added that he is comfortable with pulling back extraordinary stimulus extended during pandemic because of domestic economy’s resilience.

BOC event related news

BOC event related analysis


April BoC meeting review

BoC leaves policy rate unchanged, lowers weekly QE purchases to C$3 billion

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the April policy meeting. Additionally, the BoC noted that it is adjusting the weekly net purchases of the government of Canada bonds to a target of C$3 billion from C$4 billion. With the initial market reaction, the USD/CAD pair lost more than 50 pips in a matter of minutes and was last seen losing 0.48% on a daily basis at 1.2547. "Adjustment to the amount of incremental stimulus being added each week reflects the progress made in the economic recovery." "BoC remains committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2% inflation target is sustainably achieved."


March BoC meeting review

Bank of Canada leaves policy rate unchanged at 0.25% in March as expected

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the March policy meeting. Key takeaways from policy statement as summarized by Reuters: "Will hold the current level of policy rate until inflation objective is sustainably achieved, will continue quantitative easing."


January BoC meeting review


December BoC meeting review

Bank of Canada leaves policy rate unchanged at 0.25% as expected

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following its December policy meeting. "Maintaining extraordinary forward guidance, reinforced and supplemented by quantitative easing program, which continues at its current pace of at least C$4 billion per week."

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Big Picture

What is the BOC?

The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. The Bank’s four main areas of responsibility are:

  • Monetary policy: The Bank influences the supply of money circulating in the economy, using its monetary policy framework to keep inflation low and stable.
  • Financial system: The Bank promotes safe, sound and efficient financial systems, within Canada and internationally, and conducts transactions in financial markets in support of these objectives.
  • Currency: The Bank designs, issues and distributes Canada’s bank notes.
  • Funds management: The Bank is the "fiscal agent" for the Government of Canada, managing its public debt programs and foreign exchange reserves.

The official website, on Twitter and YouTube

Who is BOC's president?

Tiff Macklem was born in Montréal, Quebec, in 1961. He was appointed Governor of the Bank of Canada, effective 3 June 2020, for a seven-year term. He is the tenth governor of the Bank of Canada. As Governor, he is also Chairman of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both, the BIS Audit Committee and the Consultative Council for the Americas.

Tiff Macklem

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Macklem on his BOC's profile and Wikipedia


Interest rates latest news

the world interest rates table

The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.