The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, the second cut in three months. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. Poloz will replace Ray Tanguay, retired chairman of Toyota Motor Manufacturing Canada Inc., who had been chair since November 2014. Canada's central bank opted to keep its benchmark interest rate right where it was on Wednesday, at 0.25 per cent. This information is provided by RNS, the news service of the London Stock Exchange. More than 8.1 million workers have applied for the $2,000-a-month benefit since it became available at the beginning of April, with payments now totalling over $38.4 billion. Economists expect the report will show a bump in employment as a result of pandemic-related restrictions being eased and reopenings widened. Now that Stephen Poloz has announced he will step down as Bank of Canada Governor after his seven-year term ends in June 2020, attention turns to the possible … health officials are so reliant on testing, contract tracing and self- isolation right now.3 family members dead after being swept under waterfall west of NordeggCoronavirus: WHO officials discuss food safety after frozen chicken wings test positive for COVID-19Coronavirus: B.C. In July, the central bank will release an updated economic outlook for the country and make its next interest rate announcement. Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020. Canada's central bank said its forecasts could be thrown off significantly if there is a second wave of novel coronavirus pandemic. (Chris Wattie/Reuters) The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank of Canada will make its latest interest rate announcement Wednesday and update its outlook for the economy. The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology. The Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. Take a central role at the Bank of Canada with our current opportunities and scholarships.Learn how the selection process for the portrait subject of the $5 note will unfold.Find out what removing legal tender status means and which bank notes are affected.Browse and filter Bank of Canada publications by author, JEL code, topic and content type.The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.Understanding digital currencies and related financial technologies is an important part of our research agenda.Browse and filter Bank of Canada press content by topic, author, location and content type.These forecasts are provided to Governing Council in preparation for monetary policy decisions.

RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. This brings Bank oversight to this payment system and ensures it remains a safe, viable and effective method of payment for Canadians. Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020.