According to the Bank of Canada’s Methods-of-Payment (MOP) surveys in recent years, more than 80% of retail consumer purchases in Canada occur at physical locations.1 This suggests that such ...

What is labour force participation? Workers are essential in any economy. They perform all kinds of jobs—from farming to office work. But not everyone who wants a job has one, and the number of job ...

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

Good afternoon. It’s a great pleasure to be back in Vancouver for my final speech of 2024. I want to thank the Greater Vancouver Board of Trade for inviting me. I’m particularly looking forward to our ...

We’ve started the design process for the new $20 bank note featuring His Majesty King Charles III. See more about the new note and our design process.

Indigenous-owned businesses can play a strong role in the economy. Indigenous people in Canada have historically been excluded from many economic opportunities. Colonialism and discrimination have ...

Imagine it’s Friday night and you’re out for dinner at a busy restaurant with some friends. After an hour, you’ve all finished eating but decide to stay at your table for a bit longer to continue ...

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our policy decision. Today, we lowered the policy interest rates by 50 basis points. This is our fifth ...

Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% ...

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

In response to the severe market dysfunction and the sharp increase in demand for liquidity that happened at the onset of the COVID‑19 pandemic, the Bank of Canada undertook several extraordinary ...

The Canadian Overnight Repo Rate Average (CORRA) measures the interest rate for Government of Canada (GoC) securities traded in the overnight lending market. Specifically, the Bank of Canada ...