April 13, 2022 At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you.
Consult these brief articles explaining topics related to our core functions.
December 24, 2021 The output gap is the difference between what an economy actually produces and what it would produce in an ideal world.
December 24, 2021 High productivity helps raise our standard of living and keep our economy competitive.
May 19, 2021 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.
April 5, 2021 It takes time for our policy decisions to filter—or be transmitted—through the economy and financial system.
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 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.
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.