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 ...

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 ...

Canada’s commercial banking system consists of privately owned banks that have been chartered by Parliament or have received letters patent by order-in-council as provided for in the 1991 Bank Act.

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 ...

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 ...

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 ...

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 ...

You’re not the only one who cares about your wages. At the Bank of Canada, we care about them a lot too. Your wages affect both your standard of living and the bottom line of the company you work for.

In keeping with its principles of bank note design, the Bank of Canada sought input from more Canadians than ever during its comprehensive consultation process to select an iconic Canadian woman to be ...

Readability refers to how easy it is to read and understand a piece of text. In this note, I examine the readability of Bank of Canada publications for the years 2015–17, using a common metric for ...

The Bank of Canada (the “Bank”), as issuer of Canadian bank notes, offers a service for the redemption, in appropriate cases, of claims for Canadian bank notes that have become contaminated or ...

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 ...