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.

The weekly Reserves data will be posted on the Bank of Canada website on the first business day following the 8 th, 15 th and 23 rd day of each month. The monthly Reserves data will be posted on the Department of Finance website on the third business day following month-end.

View or download the latest data for CORRA, Canada’s risk-free rate. Yield curves for zero-coupon bonds Yields on zero-coupon bonds, generated using pricing data on Government of Canada bonds and treasury bills.

Currency: We design, issue and distribute Canada’s bank notes. Funds management: We are the “fiscal agent” for the Government of Canada, managing its public debt programs and foreign exchange reserves. Retail payments supervision: We supervise payment service providers, according to the Retail Payment Activities Act.

Sep 24, 2014 · A formal difference between the Federal Reserve and the Bank of Canada is the Fed’s “dual mandate” to promote the goals of maximum employment and stable prices. This is in contrast to the Bank of Canada’s monetary policy framework: a target of 2 per cent inflation.

Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.

Dec 11, 2024 · 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.

2 days ago · January 29, 2025 Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations; January 29, 2025 Bank of Canada provides operational details for restarting asset purchases to …

Source: Bank of Canada via the U.S. Federal Reserve Adjusted to a 365‐day yield basis from a 360‐day discount basis. Auction date for daily data; weekly and monthly averages computed on an issue‐date basis.

Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty.