As the nation's central bank, the Bank of Canada has the following main areas of responsibility:
Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.
Retail payments supervision
Under the Retail Payment Activities Act, the Bank of Canada will be responsible for supervising payment service providers. Our aim is to build confidence in the safety and reliability of their services while protecting users from certain risks. Payment service providers will be required to register with the Bank and to comply with requirements for operational risk management and safeguarding end-user funds.
Monetary Policy Report
A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.