February 18, 2025 Is the Bank of Canada independent from government? The Bank of Canada is a Crown corporation that is owned by the federal government, but we are separate from the political process. Content Type(s): Explainers Subject(s): About the Bank
February 3, 2025 Understanding quantitative easing QE is a tool that encourages spending and investment—helping us to achieve our inflation target by stabilizing the economy. Content Type(s): Explainers Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
December 20, 2024 What is a central bank? A central bank works to promote a country’s economic stability and its citizens’ financial well-being. Content Type(s): Explainers Subject(s): About the Bank
July 28, 2022 Understanding seigniorage At the Bank of Canada, we cover the cost of day-to-day business with “seigniorage,” which means earning money from issuing bank notes. Content Type(s): Explainers Subject(s): Currency, Bank notes, Funds management, Monetary policy, Economy/Economic growth
December 24, 2021 Understanding the output gap The output gap is the difference between what an economy actually produces and what it would produce in an ideal world. Content Type(s): Explainers Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation
December 24, 2021 Understanding productivity High productivity helps raise our standard of living and keep our economy competitive. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation
May 19, 2021 Understanding the consumer price index The consumer price index (CPI) tracks how much the average Canadian household spends, and how that changes over time. At the Bank of Canada, we use it to target inflation. Content Type(s): Explainers
April 5, 2021 Understanding how monetary policy works It takes time for our policy decisions to filter—or be transmitted—through the economy and financial system. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
January 1, 2021 About legal tender Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes. Content Type(s): Explainers Subject(s): Currency, Bank notes
August 13, 2020 Understanding inflation targeting At the Bank of Canada, we aim to keep inflation close to 2 percent. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework