Our paper contributes to the discussion about the utility of stablecoins for retail payments through an objective, evidence-based approach that compares stablecoins with traditional retail payment ...

Central bankers argue that programmable digital currencies may compromise the uniformity of money. We develop a stylized model to examine this argument and the trade-offs involved in circulating ...

Trade is dominating the news these days. With the barrage of headlines and the talk about protectionism and tariffs, it’s easy to forget that much of our economic growth and prosperity comes from ...

1. The Level of the Inflation Target. Canada targets 2 per cent inflation, the midpoint of a 1 to 3 per cent inflation-control target range. Since 2011, the experience of advanced economies with ...

Learn all about the art and security of our bank notes.

Meeting monetary policy objectives. In response to the global financial crisis and the recession, the Bank of Canada lowered the target interest rate rapidly over the course of 2008 and early 2009 to ...

What we do. The Canadian Fixed-Income Forum (Forum) is a senior level industry-wide committee established by the Bank of Canada to discuss developments in fixed-income market structure and functioning ...

Learn about the Bank’s role in overseeing financial market infrastructure (FMIs), its oversight responsibilities and powers under Canada’s Payment Clearing and Settlement Act, and which FMIs are ...

This is a list of people who have served in the senior-most positions at the Bank of Canada since 1934. Canada’s central bank is led by a Governing Council – the Governor, the Senior Deputy Governor ...

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 ...

Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. Timed to feed into the process that precedes the Bank's fixed ...

In this analytical note we show that the share of the systematic variations in the Canadian dollar has risen significantly in the past two decades. Systematic variations in the exchange rate are ...