The Bank of Canada completed its first resolution plan for the Canadian Derivatives and Clearing Corporation (CDCC) in 2024.

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 ...

Household spending has closely tracked house prices in Canada (Chart 1). When house prices grew sharply in 2016–17, household spending also grew at a robust pace. More recently, house price growth and ...

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 ...

Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection.

The stability of the Canadian financial system, as well as its ability to support the Canadian economy, depends on the ability of financial institutions to absorb and manage major shocks. This is ...

Changes in domestic interest rates affect the value of the Canadian dollar less than changes in the risk premium do. These variations often occur when a broad shift in risk sentiment occurs in global ...

Our surveys suggest that you trust us and our expertise. That tells us that we can play an important role in explaining the economy to you. That’s why we’re excited to launch The Economy, Plain 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 ...

Given the challenging context, risk management remained essential to decision- and policy-making activities in 2022. The Bank’s risk management framework played a critical role, as did its three lines ...