We update an assessment of potential changes in payments that mortgage holders could face at renewal in 2025 and 2026. We use ...

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 ...

Taking action From the start of the global credit crisis in August of 2007, the Bank of Canada responded to the challenges facing the Canadian financial system. To promote liquidity in the markets, ...

Trade makes the pie bigger For decades, as trade among countries has grown, so has the world’s wealth. Here in Canada, roughly 1 in 6 jobs is linked to exports. Economists estimate that incomes in ...

Readability formulas At its broadest, the concept of readability includes not just the written text itself but also aspects such as the layout, visual elements and context. For example, the Bank’s web ...

Exceptions In extraordinary market conditions or in the presence of technical issues, the publication of the exchange rates may be delayed. Rates that cannot be published by 17:00 ET will be shown as ...

US President Donald Trump has said his government would impose tariffs of 25% on goods from Canada and Mexico. He has also threatened tariffs on goods imported from other countries. This could lead to ...

Trading flows affect Government of Canada bond prices. Our estimates suggest a sale of 1% of the available supply of bonds ...

The following fictional case scenarios provide examples of payment functions that are, and are not, incidental to a marketplace. These include the provision and maintenance of an account; the holding ...

Potential benefits Currently, fiat-referenced cryptoassets play a prominent role as the medium of exchange and store of value on many large centralized crypto exchanges as well as on decentralized ...

Access a list of national and provincial holidays for the Bank of Canada.

We outline possible system architectures for an online retail central bank digital currency (CBDC) and identify one well-suited for basic payments. We analyze OpenCBDC 2PC, a representative system, ...