February 6, 2026 What is money? We use money to pay for goods and services. Canadians are using digital money more than ever before, but cash still plays an important role in our economy. Content Type(s): Explainers Subject(s): Currency, Bank notes, Digital currency, Financial system, Fintech
January 19, 2026 What is gross domestic product? Gross domestic product (GDP) is a measure of a country’s total economic output—the total value of all goods and services produced within that country—usually over the course of one year. Content Type(s): Explainers
October 3, 2025 The difference between the price level and inflation Price levels are a measure of the average cost of goods and services in the economy at a particular point in time. Inflation measures the rate of change in prices over a specific period. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
September 29, 2025 Why we target 2% inflation Inflation measures the rate of growth in prices, and the Bank of Canada aims to keep it at 2%. When inflation is low, stable and predictable, the entire economy works better. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
September 3, 2025 What is a flexible exchange rate? Canada has a flexible exchange rate. The value of our dollar is not fixed to the value of any other currency or to a precious metal such as gold. Content Type(s): Explainers Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth
August 14, 2025 The difference between a trade surplus and a trade deficit A trade surplus and a trade deficit are both measures of a country’s balance of trade. They are a calculation of whether a country exports or imports more. Content Type(s): Explainers Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
June 17, 2025 Understanding our policy interest rate At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation targeting framework
June 11, 2025 What is a tariff? A tariff is a tax on imports from another country. It can increase the prices consumers and businesses pay for that good. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
February 18, 2025 What does the Bank of Canada do? The Bank has five main areas of responsibility that affect Canadians’ everyday lives. Content Type(s): Explainers Subject(s): About the Bank
February 18, 2025 How is the Bank of Canada run? The Bank of Canada is a Crown corporation that is run independently from the government. Content Type(s): Explainers Subject(s): About the Bank