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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).
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Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.
Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025.
Pricing practices and monetary policy — External Non-executive Deputy Governor Nicolas Vincent speaks before The Chamber of Commerce of Metropolitan Montreal. (08:40 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
The results of today's term PRA operations are as follows:
High yield: 3.500%
Low yield: 3.420%
Average Yield: 3.441%
Par Amount Transacted: $2,000,000,000