Core Functions

As the nation's central bank, the Bank of Canada has four main areas of responsibility:

Monetary Policy

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.

Financial System

Canada's financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems.


The Bank of Canada is the country’s sole authority for issuing bank notes and is responsible for the design, production and distribution of Canada’s bank notes.

Funds Management

The Bank provides funds-management services to the Government of Canada, itself and other clients.

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.

Unclaimed Balances

Find unclaimed balances to which you may be entitled. Make a claim, or check the status of a claim.

Financial System Hub

Financial System Hub

Promoting a stable and efficient financial system.