New data improve our understanding of Indigenous-owned businesses. We know that Indigenous-owned businesses make a valuable contribution to Canada’s economic vitality, but we still have much to learn ...

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

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 ...

What this means for us. While the use of cash for payments is on the decline, our survey found that Canadians still use cash for a big share of their purchases.

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 ...

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 ...

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

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 ...

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 ...

In recent years, the liquidity in the secondary market for Canadian provincial bonds was a concern for many market participants. We find that a proxy for the bid-ask spread has deteriorated modestly ...

Metadata and background information. Bank Rate. Source: Bank of Canada, Data and Statistics Office. From November 1, 1956 to June 24, 1962 the Bank Rate was 1/4 of 1% above the weekly average tender ...