C-253Government of Canada
An Act to amend the Bank of Canada Act and to make consequential amendments to other Acts
Conservative bill requiring the Bank of Canada to publish more detailed information on its monetary-policy deliberations, vote breakdowns from the Governing Council, and to appear regularly before a parliamentary committee. Modelled in part on the U.S. Federal Reserve's reporting.
Status
✓
Introduced✓
1st Reading✓
2nd Reading4
Committee5
Report6
3rd Reading7
Royal AssentQuick learn
Would make the Bank of Canada publish more about how it sets interest rates, including Governing Council vote breakdowns and detailed minutes, and appear regularly before a Commons committee. Modelled partly on the US Federal Reserve. A Conservative bill; it did not pass.
Issues this bill touches
- Economy & Jobs
Bank of Canada Accountability Act. Conservative PMB increasing BoC transparency.
Legislative history
- First reading
First reading in the House of Commons.
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Official source
Read full text on Parliament of Canada