Productivity is a measure of efficiency—how much value an economy produces for each hour worked. But higher productivity doesn’t necessarily mean that people are working harder. Most productivity ...

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 ...

Do you ever wonder why some things are way more expensive than they were when you were a kid? It’s a sign of something important in our economy—inflation. Inflation is a measure of how much prices for ...

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 ...

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 ...

Foreign demand for Government of Canada (GoC) bonds has increased rapidly since the financial crisis. This sudden interest by foreigners in the GoC market is associated with external events, such as ...

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.

Evan W. Siddall 2011 – 2013 Fort Reliance Co. / Irving Oil Ltd.

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.

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. We’ve started the design process for the new $20 bank note featuring His ...

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 ...