OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Bank of Canada will maintain current level of…
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The…
A Road Map to Payment Systems
About 30 million financial transactions take place in Canada daily. Ranging in size from a few cents to billions of dollars, they add up to more than $210 billion—each day, every day. That’s a lot of…
BOC: Our COVID-19 response: Supporting operations
When the realities of the COVID-19 pandemic became clear, the Bank moved quickly to adapt its internal operations and support business continuity in our financial system. Solid foundation The Bank of Canada has been increasing…
Spending patterns in a pandemic
Deputy Governor Lawrence Schembri explains how household spending has changed because of COVID-19. He says the Bank expects the recovery to have two phases, with an initial bounceback from reopening giving way to a recuperation…
Bank of Canada: Opening Statement before the House…
Introduction Good afternoon, Chair and committee members. It is an honour for me to appear before you as the 10th Governor of the Bank of Canada. I look forward to working with parliamentarians over the…
Bank of Canada: Keeping markets liquid
When the COVID-19 pandemic hit Canada, the Bank acted quickly. We needed to make sure the financial system worked well enough that credit could continue to flow. That meant addressing shortages of liquidity in financial…
Bank of Canada maintains target for the overnight…
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Incoming…
Update: Bank of Canada asks retailers to continue…
During this time of heightened public health measures intended to limit the transmission of COVID-19, some consumers and businesses are choosing not to use cash to limit potential exposure. The Bank recognizes that these measures…