Learn about how we’re exploring the possibility of issuing a digital form of the Canadian dollar, also known as a central bank digital currency (CBDC). We’re taking steps to better understand the ...

Do you ever wonder why some things are way more expensive than they were when you were a kid? It’s a sign of something important in our economy—inflation. Inflation is a measure of how much prices for ...

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’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.

A financial market infrastructure (FMI) is a system that facilitates the clearing, settling or recording of payments, securities, derivatives or other financial transactions among participating ...

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 ...

Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website. All FX rates are published as the number of Canadian dollars ...

1. Does the Bank of Canada collect personal information about an individual’s active bank account at a financial institution? The Bank of Canada does not collect any personal information from ...

From 31 December 1971 to 31 December 2002, issues payable in foreign currencies have been converted into Canadian dollars at the closing spot rate as at the last business day of the calendar quarter.

The Bank of Canada (The Bank) commenced operations in March 1935 under the terms of the Bank of Canada Act of 1934. Data for the month-end series (Bank of Canada assets and liabilities: Month-end ...

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 ...

In 2014, the Bank of Canada reviewed the process it used to select, develop and design the visual content for the Frontiers series bank notes. This work resulted in the development of set of ...