Background materials

• September 28, 2022

  Bank of Canada response to detailed review report

  The Bank of Canada thanks the International Monetary Fund (IMF) for undertaking its thorough and thoughtful pilot review of the Bank under the new Central Bank Transparency Code (CBTC). We welcome the publication of this final review report by the IMF Mission Team and the associated recommendations.

  Content Type(s): Background materials
• May 24, 2022

  An Overview of Lynx, Canada’s High-Value Payment System

  This document provides an overview of Lynx—Canada’s high-value payment system—and summarizes the system’s design. It explains the development and purpose of Lynx as well as the legal and regulatory framework governing its operation. It also describes the various settlement mechanisms and processes Lynx uses to allow system participants to meet their diverse payment needs while ensuring that risks that arise in the system are managed appropriately.

  Content Type(s): Background materials Topic(s): Payment clearing and settlement systems
• December 13, 2021

  Monetary Policy Framework Renewal (December 2021)

  Commentary and technical data relating to the 2021 renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy
• October 13, 2021

  Climate change and the Bank of Canada

  We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.

  Content Type(s): Background materials Topic(s): Climate change
• September 10, 2021

  About the Bank of Canada’s balance sheet

  At the Bank of Canada, our balance sheet reflects the unique role we play as Canada’s central bank. Get an overview of how it’s used to acquire assets and support our core functions, and learn about the types of assets and liabilities we hold.

  Content Type(s): Background materials
• January 1, 2021

  About legal tender

  Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.

  Content Type(s): Background materials Topic(s): Bank notes
• October 1, 2020

  Background information on foreign exchange rates

  Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.

  Content Type(s): Background materials Topic(s): Exchange rates
• February 25, 2020

  Contingency Planning for a Central Bank Digital Currency

  This background note explains the Bank’s official position on CBDC. It outlines the public policy, design, technology and risk management issues the Bank is considering as it builds its capacity to issue a CBDC in case it is needed in the future.

  Content Type(s): Background materials Topic(s): Digital currencies and fintech
• November 13, 2019

  Information on the Standing Term Liquidity Facility

  The Bank of Canada regularly reviews its Framework for Market Operations and Liquidity Provision to ensure it remains in line with the evolution of the Canadian financial system.

  Content Type(s): Background materials Source(s): Standing Term Liquidity Facility
• October 24, 2016

  Renewal of the Inflation-Control Target (October 2016)

  Commentary and technical data relating to the 2016 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy