April 26, 2022
Currency
The COVID‑19 pandemic continued to affect the Bank’s currency operations in 2021.
Posts
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April 26, 2022
Communications and outreach
As the pandemic entered its second year, the Bank’s communication efforts remained focused on explaining the extraordinary measures put in place to foster economic recovery. The Bank also began laying out its plans for adjusting monetary policy as the economy returns to its full potential. -
April 26, 2022
Governor's foreword
The end of 2021 felt much like the beginning—full of cautious optimism but clouded by near-term uncertainty about the path of the COVID‑19 pandemic and its impact on the economy. But in fact much has changed. -
April 26, 2022
Supervising retail payments in Canada
In 2021, the Bank’s tool kit for promoting the resilience of the financial system expanded. Under the Retail Payment Activities Act, which received Royal Assent in June, the Bank will be responsible for supervising payment service providers (PSPs). -
April 26, 2022
Managing the Bank
Throughout 2021, the Bank closely monitored the COVID‑19 pandemic. In autumn, following widespread vaccination across Canada, the Bank was able to begin transitioning out of a crisis-response mode. -
April 26, 2022
Mandate and planning framework
Efficient, cost-effective and innovative operations help the Bank achieve its mandate and business objectives. -
April 26, 2022
Risk management
As the Canadian economy continued to recover from the effects of the pandemic, risk management remained central to the Bank’s decisions and policy-making activities. -
April 26, 2022
Financial System
The COVID‑19 pandemic caused a massive disruption to the Canadian economy. But the financial system proved to be resilient and acted as a shock absorber for the broader economy. -
April 26, 2022
Preparing for a central bank digital currency
In 2021, the Bank continued to build its capacity for issuing a central bank digital currency (CBDC)—a digital form of money the central bank would make available to all Canadians. -
April 26, 2022
Annual Report 2021
The Annual Report outlines the Bank’s activities and achievements in 2021. It includes the financial statements and a message from Governor Tiff Macklem.