The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at ...

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.

To measure inflation every month, Statistics Canada tracks the prices for a long list—what it calls a representative “basket”—of goods and services. The contents of the basket reflect how much ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...

Before the Great Depression of the 1930s, the scattered and mainly rural population of Canada didn’t need a central bank. At that time, a small number of banks established branches in multiple ...

1. The monetary aggregates were affected by conversion to International Financial Reporting Standards (IFRS). The most significant effect relates to the chartered banks’ reclassification of deposit ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’ve started the design process for the new $20 bank ...

As the central bank and sole issuer of bank notes in Canada, the Bank of Canada needs to stay on top of payment trends. Every four years, we reach out to Canadians to ask them how they pay for things.

Recent policy changes are having a clear impact on the mortgage market. The number of new highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly. Tighter policies ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks.

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks.

This note presents Bank of Canada staff’s current assessment of the US and Canadian neutral rates of interest. The neutral rate is where the Bank expects the policy rate would settle once output is at ...