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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.
See the short list of portrait candidates for the next $5 bank note.
Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.
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Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.
Learn more about our ongoing work on digital currencies. This includes research on a Canadian central bank digital currency (CBDC) and on financial technology (fintech).
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Commodity price shocks and the impact on growth and inflation in Canada — Deputy Governor Toni Gravelle speaks before l’Association des économistes québécois (ASDEQ) (11:50 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
Conversions are based on Bank of Canada exchange rates, which are published each business day by 16:30 ET.
Search and download exchange rate data.