Bank of Canada (BoC) Financial System Review Press Conference

Bank of Canada (BoC) Financial System Review Press Conference is held after the BoC's meeting, during which Canada's financial system is discussed, and which the regulator holds twice a year.

The press conference is normally held by the BoC Governor and Deputy Governor. The Governor reads out his statement, which provides an overview of Canada's financial system and the Canadian banking sector stability report. This is followed by a short answer session.

Now, webcasts of press conferences are also published on the BoC's official YouTube channel.

The Bank of Canada press conferences are usually expected by economists and analysts around the world. The behavior of the Canadian dollar largely depends on the bank's monetary policy and interest rate decisions, which are taken based on the information provided. Depending on estimates provided therein, the press conference can cause a short-term volatility in the Canadian dollar quotes.