Explainers

• 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 Research Topic(s): Monetary policy
• 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 Research Topic(s): Credibility, Expectations, Inflation and prices, International topics
• 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
• 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
• 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
• 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 Research Topic(s): Inflation targets, Monetary policy