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 ...

Assessing insolvency dynamics is essential for evaluating the financial health of non-financial corporations and mitigating macroeconomic and financial stability risks. This study leverages a newly ...

Central bankers argue that programmable digital currencies may compromise the uniformity of money. We explore this in a stylized model where programmable money arises endogenously, and differently ...

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

Surveying Canadians Now on to another important tool: surveys. Like other central banks, the Bank conducts a number of surveys with the financial sector. 1 The results provide us with information on ...

Overview Overall, results of the first-quarter 2025 survey show that the escalating trade conflict with the United States is damaging consumer sentiment. Confidence in the labour market has weakened ...

1. Effective January 30, the deposit rate will be set at 5 basis points below the Bank’s policy interest rate to improve the effectiveness of monetary policy implementation. For more details, see the ...

Results from the Business Outlook Survey and the Business Leaders’ Pulse show that overall business conditions remain subdued, but firms are beginning to anticipate improvements in activity. Sales ...

The estimated range for settlement balances will evolve over time Once we resume purchasing assets to offset the growth of currency in circulation, we will aim to manage our balance sheet in a way ...

1. See, for example, F. Bounajm, J. G. J. Roc and Y. Zhang, “ Sources of pandemic-era inflation in Canada: an application of the Bernanke and Blanchard model,” Bank of Canada Staff Analytical Note No.