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 ...

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 ...

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 ...

The portrait of Queen Elizabeth II is an engraving by Jorge Peral, Vice-President, Design and Master Engraver with Canadian Bank Note Company Limited. It is based on a photograph taken by Ian Jones, ...

The Canadian dollar has declined against the US dollar since October 2024, mostly due to rising uncertainty around trade policies. A widening differential in policy interest rates between the two ...

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.

Every five years, the Bank of Canada and the Government of Canada review and renew the agreement on Canada’s monetary policy framework. We aim to build confidence in the safety and reliability of ...