Bank notes issued by the Bank of Canada, together with coins issued by the Royal Canadian Mint, are what is known as “legal tender.” That’s a technical term meaning the Government of Canada has deemed ...

Every year the Bank publishes this Report to offer an assessment of the stability of Canada’s financial system and highlight ...

On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on ...

This article presents the key results from the 2024 Bank of Canada Financial System Survey, conducted between February 20 and ...

Financial stability and macroeconomic stability are interdependent. A stable and resilient financial system can provide critical services necessary to support the economy, both in normal times and ...

The Financial Stability Report (FSR) gives an assessment of the stability of Canada’s financial system and highlights risks that could threaten that stability. At 07:30 (ET), journalists are invited ...

Learn about how we’re exploring the possibility of issuing a digital form of the Canadian dollar, also known as a central bank digital currency (CBDC). We’re taking steps to better understand the ...

The stability of the Canadian financial system, as well as its ability to support the Canadian economy, depends on the ability of financial institutions to absorb and manage major shocks. This is ...

The Canadian Overnight Repo Rate Average (CORRA) is a measure of the average cost of overnight Government of Canada (GoC) general collateral in Canadian dollar repurchase agreements (repos).1 Before ...