December 17, 2020 QE is a tool that encourages spending and investment—helping us to achieve our inflation target by stabilizing the economy.
August 13, 2020 The consumer price index (CPI) tracks how much the average Canadian household spends, and how that changes over time. At the Bank of Canada, we use it to target inflation.
August 13, 2020 At the Bank of Canada, we aim to keep inflation close to 2 percent.
August 13, 2020 Inflation is a persistent rise in the average level of prices over time.
August 13, 2020 The foreign exchange market determines how much the Canadian dollar is worth. At the Bank of Canada, we very rarely intervene to support its value.
May 6, 2020 At the Bank of Canada, we cover the cost of day-to-day business with “seigniorage,” which means earning money from issuing bank notes.
January 31, 2020 Here's what money does—and how we’re handling it in the digital age.
January 15, 2016 Defines this important policy interest rate and describes the role it plays in influencing various market interest rates.
March 3, 2014 Highlights the value of ‘prudent’ borrowing in enhancing welfare, but also the risks of over-indebtedness for households, the economy and financial stability. Discusses trends in household debt, various debt metrics and why monetary policy is concerned with how households use borrowed funds.
February 28, 2014 Describes the shared responsibility for the regulation of the Canadian financial system and summarizes the Bank of Canada’s role in the financial system.
September 27, 2013 Describes this important funds-transfer system and explains the Bank of Canada’s oversight role.
May 31, 2013 Defines this important economic concept, describes different measures of productivity, explains how productivity affects living standards, and summarizes the reasons behind Canada’s disappointing productivity record.
September 28, 2012 Explains what the Bank Rate is and its relationship to the target for the overnight rate.
May 29, 2012 Defines this key economic indicator and explains its importance for monetary policy.
May 29, 2012 Outlines the factors that affect interest rates for commercial loans.
May 29, 2012 Explains the process by which changes in the policy interest rate work their way through the economy and ultimately affect the rate of inflation.
May 29, 2012 Explains the purpose of monetary policy and describes how it works.
May 29, 2012 Explains why a sound financial system is critical to a well-functioning economy and provides links to further information about Canada’s financial system.