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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
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See the short list of portrait candidates for the next $5 bank note.
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Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 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).
Market liquidity measures taken during COVID — Deputy Governor Toni Gravelle speaks before the 21st National Bank Financial Services Conference (12:45 (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: 2.920%
Low yield: 2.870%
Average Yield: 2.888%
Par Amount Transacted: $1,000,000,000