Explainers

• 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): Explainers Subject(s): Currency, Bank notes
• August 13, 2020

  Understanding inflation targeting

  At the Bank of Canada, we aim to keep inflation close to 2 percent.

  Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• August 13, 2020

  Understanding inflation

  Inflation is a persistent rise in the average level of prices over time.

  Content Type(s): Explainers Subject(s): Monetary policy, Inflation, Inflation targeting framework
• August 13, 2020

  Understanding exchange rates

  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.

  Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation