The Bank of Canada is the nation’s central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada’s monetary policy, bank notes, financial system, and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."
Bank of Canada Skip to content Search the site Search FR Change theme Change theme About us About us What we do Our offices Our vision History Contact us Corporate governance Board of Directors Our leadership Governance documents Accessibility A plan that shares how the Bank strives to be accessible to everyone Reconciliation Action Plan A plan to guide the Bank along its Reconciliation journey The Bank and you The Bank and you Engaging with Canadians Promoting economic literacy and education Educational resources The Economy, Plain and Simple Explainers Financial education resources Background materials Bank of Canada Museum Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection. What is a central bank? A central bank works to promote a country’s economic stability and its citizens’ financial well-being. Careers Careers Work at the Bank Scholarship awards Students and recent grads Work at the Bank Level up your career with us. Home Toggle navigation FR Toggle Search Change theme Change theme Search the site Search About us About us What we do Our offices Our vision History Contact us Corporate governance Board of Directors Our leadership Governance documents Accessibility A plan that shares how the Bank strives to be accessible to everyone Reconciliation Action Plan A plan to guide the Bank along its Reconciliation journey The Bank and you The Bank and you Engaging with Canadians Promoting economic literacy and education Educational resources The Economy, Plain and Simple Explainers Financial education resources Background materials Bank of Canada Museum Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection. What is a central bank? A central bank works to promote a country’s economic stability and its citizens’ financial well-being. Careers Careers Work at the Bank Scholarship awards Students and recent grads Work at the Bank Level up your career with us. Core functions Core functions Monetary policy Financial system Currency Funds management Regulatory oversight Featured Policy interest rate Unclaimed Properties Office Renewing Canada’s monetary policy framework Every five years, the Bank of Canada and the Government of Canada review and renew the agreement on Canada’s monetary policy framework. Regulatory oversight We oversee Canada’s payments and financial market infrastructures to ensure they are safe, resilient and stable. We also support the evolution of the payments ecosystem, including new mandates for stablecoins and consumer‑driven banking. Markets Markets About financial markets Market operations indicators Market operations and liquidity provision Committees Canadian Foreign Exchange Committee Canadian Fixed-Income Forum Collateral Infrastructure and Market Practices Advisory Group CORRA Advisory Group Government securities auctions Schedules and results Rules and terms Forms and certificates Data Definitions and formulas Canada Mortgage Bonds View the latest data on the Government of Canada's purchases and holdings of Canadian Mortgage Bonds. Market notices August 13, 2026 CIMPA and CDS announce the start of the trial period for the fail fee framework for Government of Canada securities transactions August 12, 2026 New GoC General Collateral Basket Strengthens Canada’s Repo Market August 11, 2026 CFEC Releases Results of April 2026 Foreign Exchange Volume Survey Bank notes Bank notes Security features Counterfeit prevention Getting training and education Using bank note images Redeeming damaged bank notes Research and reports Principles of design Counterfeit prevention Feel, look, tilt and flip! Learn how to check your bank notes and protect yourself from fraud. Our next $20 bank note We’ve started the design process for the new $20 bank note featuring His Majesty King Charles III. See more about the new note and our design process. Publications Publications All publications Annual Report The Economy, Plain and Simple Financial Stability Report Monetary Policy Report Quarterly Financial Report Summary of deliberations Economic survey results Business Outlook Survey Canadian Survey of Consumer Expectations Financial System Survey Market Participants Survey Senior Loan Officer Survey Monetary Policy Report—July 2026 Canada’s economy has been weak but is showing signs of improvement. Growth is expected to pick up, and inflation is projected to ease to around 2%. Uncertainty remains elevated. Financial Stability Report—2026 Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability. Research Research Key research themes Monetary policy Structural challenges Financial markets Financial system Money and payments Engaging with the research community Our research Sparks at Bank articles Staff analytical papers Staff working papers External publications Our researchers Assessing risks to oil prices through options markets After the war in the Middle East began, futures markets hinted at how long oil prices could stay above their pre-war levels. Options on those futures further reveal how investors see the range and balance of risks around future oil prices—which helps central banks assess risks to inflation. Press Press All press content Announcements Media advisories Press releases Selected media activities Speeches and appearances Upcoming events Webcasts Info Media contacts Blackout guidelines Principles for external communication News July 31, 2026 Bank of Canada response to Canadian Labour Congress President July 31, 2026 G7 2026 Cross-Border Coordination Exercise (CBCE) July 29, 2026 Summary of Governing Council deliberations: Fixed announcement date of July 15, 2026 July 27, 2026 Market Participants Survey—Second Quarter of 2026 Press Conference: Monetary Policy Report – July 2026 Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:45 (ET) approx.). Statistics Statistics Daily Digest Exchange rates Interest rates Price indexes Indicators Banking and financial statistics Tools and resources Inflation Calculator Investment Calculator Official International Reserves Credit conditions Staff economic projections These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag. Regulatory oversight Regulatory oversight Retail payments Financial market infrastructures Stablecoins Consumer-driven banking Registry Search the list of registered payment services providers. Regulatory news June 29, 2026 Reminder: PSP reporting obligations under the RPAA June 12, 2026 Bank of Canada to begin publishing Notices of Violation by Payment Service Providers February 27, 2026 Bank of Canada issues revised compliance order to XTM Inc. Search the site Toggle Search More than a bank. We are the Central Bank of Canada. Policy interest rate 2.25% Jul 15, 2026 Total CPI inflation CPI-trim CPI-median Previous slide Next slide What does the Bank of Canada do? Our primary responsibility is to preserve the value of your money by keeping inflation low, stable and predictable. Previous slide Next slide Counterfeit prevention Feel, look, tilt and flip! Learn how to check your bank notes and protect yourself from fraud. Previous slide Next slide Webcast on July 15 Webcast of a press conference about the Monetary Policy Report. Previous slide Next slide Monetary Policy Report—July 2026 Canada’s economy has been weak but is showing signs of improvement. Growth is expected to pick up, and inflation is projected to ease to around 2%. Uncertainty remains elevated. Play carousel Pause carousel Don’t be fooled! We are seeing an increasing number of investment scams and deceptive articles mentioning the Bank online on social media. We never give financial advice, offer investment products to individuals or ask for your personal details. Find out more about recognizing and reporting scams. News July 31, 2026 Bank of Canada response to Canadian Labour Congress President Yesterday, Bank of Canada Governor Tiff Macklem wrote the following response to a published statement and letter from Bea Bruske, President of the Canadian Labour Congress, regarding the ongoing labour dispute involving the Bank and the union representing its Security Officers. Content Type(s): Press, Announcements July 31, 2026 G7 2026 Cross-Border Coordination Exercise (CBCE) Media Relations Ottawa, Ontario The G7 Cyber Expert Group (CEG) successfully concluded its 2026 Cross-border coordination exercise (CBCE) on May 18, 2026. This exercise demonstrates the Group’s ongoing commitment to strengthening cyber resilience across the G7 financial sector. Content Type(s): Press, Press releases July 29, 2026 Summary of Governing Council deliberations: Fixed announcement date of July 15, 2026 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 15, 2026. Content Type(s): Publications, Summary of deliberations July 27, 2026 Market Participants Survey—Second Quarter of 2026 The Market Participants Survey results are based on questionnaire responses from about 26 financial market participants. Content Type(s): Publications, Market Participants Survey See more View this post on Instagram A post shared by Bank of Canada (@thebankofcanada) Market notices August 13, 2026 CIMPA and CDS announce the start of the trial period for the fail fee framework for Government of Canada securities transactions August 12, 2026 New GoC General Collateral Basket Strengthens Canada’s Repo Market August 11, 2026 CFEC Releases Results of April 2026 Foreign Exchange Volume Survey See more Regulatory news June 29, 2026 Reminder: PSP reporting obligations under the RPAA June 12, 2026 Bank of Canada to begin publishing Notices of Violation by Payment Service Providers February 27, 2026 Bank of Canada issues revised compliance order to XTM Inc. See more Upcoming events August 21, 2026 Release: Senior Loan Officer Survey September 2, 2026 Interest Rate Announcement September 7, 2026 Labour Day See more Exchange rates Canadian dollar CAD Press enter to expand the list of currencies. 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