We draw on the Canadian experience to examine how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability ...

Governor Tiff Macklem reflects on the lessons learned from the pandemic and its aftermath and outlines how the Bank is ...

The new $5 note will enter circulation only after the issuance of the next $20 note in early 2027. In the meantime, our ...

In his year-end remarks, Governor Tiff Macklem discusses what the Bank of Canada learned from the pandemic experience and ...

According to the Bank of Canada’s Methods-of-Payment (MOP) surveys in recent years, more than 80% of retail consumer purchases in Canada occur at physical locations.1 This suggests that such ...

We investigate the macroeconomic impacts of mothballed businesses—those that closed temporarily—on sectoral equilibrium prices after a negative demand shock. Our results suggest that pandemic fiscal ...

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 ...