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Core functions

As the nation's central bank, the Bank of Canada has the following 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.

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.

Unclaimed Properties Office

Search for unclaimed bank balances, make a claim, and check the status of a claim. Learn how and where to redeem your Canada Savings Bonds.

Financial System Hub

Financial System Hub

Promoting a stable and efficient financial system.