April 4, 2006 Bank of Canada to Upgrade $5 Bank Note Media Relations Ottawa, Ontario The Bank of Canada today announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes. Content Type(s): Press, Press releases
Tokenization: What it is and how to think about it Sparks at Bank article Jonathan Chiu, Mohammad Davoodalhosseini, Cam Donohoe, Thorsten Koeppl, Diego Zúñiga Tokenization involves representing traditional assets as tokens on a digital platform. This financial innovation has the potential to reshape money and markets, but a common approach for comparing system designs and weighing efficiency gains against risks has yet to be defined. We offer such an approach to improve understanding of this expanding technology and guide policy discussions. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures
February 28, 2021 Research Update - February 2021 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
The Share of Systematic Variations in the Canadian Dollar—Part II Staff analytical note 2017-1 Jean-Sébastien Fontaine, Guillaume Nolin This analytical note examines how much of the systematic variation in the Canadian dollar is attributable to its sensitivity to commodity prices. We introduce a new “oil” portfolio that captures systematic variations when the exchange rates of commodity exporters and commodity importers move in opposite directions. Content Type(s): Staff research, Staff analytical notes JEL Code(s): F, F3, F31 Research Theme(s): Financial markets and funds management, International markets and currencies
December 15, 2015 Bank of Canada says housing vulnerabilities have edged higher, but financial system remains resilient Media Relations Ottawa, Ontario Vulnerabilities in the housing sector have edged higher, the Bank of Canada said today in its Financial System Review (FSR), while the overall level of risk to Canada’s financial system has remained roughly unchanged since June. The Bank continues to identify two key vulnerabilities related to the Canadian household sector: the elevated level of household […] Content Type(s): Press, Press releases
January 30, 2017 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Sylvain Leduc House of Commons Standing Committee on Finance Ottawa, Ontario Deputy Governor Sylvain Leduc discusses household debt and house prices, the risks they pose to financial stability and the role of the Bank of Canada. Content Type(s): Press, Speeches and appearances, Opening statements
June 20, 2011 Bank of Canada Unveils Polymer Bank Note Series: Celebrating Canada’s Achievements at the Frontiers of Innovation Media Relations Ottawa, Ontario The Bank of Canada unveiled a new polymer bank note series today at its head office in Ottawa. Information on the polymer material and advanced new security features was released, along with the images and designs of the soon-to-be-issued $100 and $50 bank notes. Content Type(s): Press, Press releases
February 7, 2023 Higher interest rates are working Speech summary Tiff Macklem CFA Québec Québec, Québec Governor Tiff Macklem explains how the Bank of Canada’s increases to the policy interest rate will cool the economy and bring inflation down. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 30, 2025 Monetary Policy Report—July 2025—Overview US tariffs are significantly higher than they were at the start of 2025, and US trade policy remains unpredictable. Inflation is near 2%, although underlying price pressures have picked up. With uncertainty about US trade policy still high, the outlook for the Canadian economy remains clouded.
April 25, 2018 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. When we were last here at the beginning of November, we saw signs that the Canadian economy was moderating after an […] Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework