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 ...

Every five years, the Bank of Canada and the Government of Canada review and renew the agreement on Canada’s monetary policy framework. We aim to build confidence in the safety and reliability of ...

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 ...

We hire students who are still in school and recent graduates and soon-to-be graduates from a wide range of backgrounds. Our solid reputation and exceptional development programs make your ...

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 ...

The Canadian dollar has declined against the US dollar since October 2024, mostly due to rising uncertainty around trade policies. A widening differential in policy interest rates between the two ...

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

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 ...

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

As the central bank and sole issuer of bank notes in Canada, the Bank of Canada needs to stay on top of payment trends. Every four years, we reach out to Canadians to ask them how they pay for things.