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Learn about how we’re exploring the possibility of issuing a digital form of the Canadian dollar, also known as a central bank digital currency (CBDC).
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Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.
Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank projects that inflation will stay around 3½% until the middle of 2024, returning to target in 2025.
The cost of high inflation — Governor Tiff Macklem speaks before the Saint John Region Chamber of Commerce (11:45 (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.
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