We share insights about non-bank financial intermediation in Canada in 2023. These data were collected as part of the Bank of ...

The situation is by no means unique to Canada—several other countries have observed similar trends. So, does this mean that Canadians are giving up on cash? The short answer is no. Canadians still ...

Since issuing its first series of bank notes in 1935, the Bank of Canada has issued four commemorative bank notes. Each commemorative note marks an important milestone for the reigning monarch or a ...

The number of new low-ratio mortgages for home purchases has declined, beginning in the second half of 2017 and continuing through the first half of 2018. In the first quarter of 2018, old qualifying ...

Offline functionality is a key consideration for a potential CBDC. We describe the different types of offline functionality based on their duration outside of network connection—either intermittent ...

Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020. This brings Bank ...

Business conditions remain subdued The Business Outlook Survey (BOS) indicator—a summary measure of questions in the BOS—continued to be lower than usual in the third quarter of 2024 because of weaker ...

US President Donald Trump has said his government would impose tariffs of 25% on goods from Canada and Mexico. He has also threatened tariffs on goods imported from other countries. This could lead to ...

The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which provides additional details on the target arrangements and on how the Bank plans ...

COVID‑19 and the economy The COVID‑19 pandemic represents a serious health threat to people around the world and a significant disruption to daily life. It is having a major impact on the global and ...

US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to ...

The Bank of Canada today announced a new program to support the liquidity and efficiency of provincial government funding markets. The Provincial Money Market Purchase (PMMP) program is an asset ...