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.

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 ...

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 ...

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.

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.

Over the years, the Bank of Canada has adjusted the way it sets its key interest rate. Following is a brief history of the key rate from the Bank’s founding in 1935 until the present. The original key ...

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

How often does the cashier just hand over the debit machine when you pay for your morning coffee? Some even seem surprised if you give them cash. Last year in Canada, people used cash for only 1 in 3 ...

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