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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.
See the short list of portrait candidates for the next $5 bank note.
Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.
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The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.
Learn more about our ongoing work on digital currencies. This includes research on a Canadian central bank digital currency (CBDC) and on financial technology (fintech).
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Current economic situation — Governor Tiff Macklem speaks before the Halifax Chamber of Commerce (11:50 (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: 3.380%
Low yield: 3.330%
Average Yield: 3.350%
Par Amount Transacted: $2,000,000,000