Non-bank financial intermediation: Canada’s submission to the 2025 global monitoring report Staff analytical paper 2026-37 Thomas Thorn, Sylvia Xie We share insights about non-bank financial intermediation in Canada in 2024. These data were collected as part of the Bank of Canada’s contribution to the Financial Stability Board’s Global Monitoring Report on Non-Bank Financial Intermediation. Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G2, G21, G22, G23 Research Theme(s): Financial markets and funds management, Market structure, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
Climate stress test of the global supply chain network: the case of river floods Staff working paper 2026-30 Georgios Papadopoulos, Javier Ojea Ferreiro, Roberto Panzica This study investigates how extreme flood events can indirectly impact the global supply chain through production disruptions. The findings emphasize that the size of inventories is crucial; a lean-inventory system leads to faster shock propagation, higher losses, and fewer recoveries compared to an abundant-inventory system. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C60, C63, D, D8, D85, Q, Q5, Q54 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Structural challenges, Climate change, International trade, finance and competitiveness
September 3, 2026 Public consultation results for the vertical $20 note In keeping with its principles of bank note design, the Bank of Canada sought input from Canadians during the vertical $20 note’s design process.
September 3, 2026 Vertical $20 note security features The vertical $20 note has advanced and dynamic security features that are easy to check and hard to counterfeit.
September 3, 2026 Vertical $20 note design elements Check out Canada’s vertical $20 bank note, featuring advanced and dynamic security features.
September 3, 2026 Unveiling of Vertical $20 Bank Note Remarks Tiff Macklem Ottawa, Ontario Ottawa, Ontario Governor Tiff Macklem delivers remarks at the unveiling of Canada’s new vertical $20 bank note. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes
September 3, 2026 Bank of Canada unveils new vertical $20 bank note Media Relations Ottawa, Ontario Her Excellency the Right Honourable Louise Arbour, Governor General of Canada, and the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), joined Bank of Canada Governor Tiff Macklem today at an event to unveil Canada’s new vertical $20 bank note featuring a portrait of His Majesty King Charles III. Content Type(s): Press, Press releases
September 3, 2026 Unveil of Canada’s new vertical $20 bank note On Thursday, September 3, 2026, Bank of Canada Governor Tiff Macklem, along with some special guests, will unveil the design of the new $20 bank note featuring a portrait of His Majesty King Charles III. Content Type(s): Press, Media advisories