Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank ...

In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation ...

Indigenous-owned businesses can play a strong role in the economy. Indigenous people in Canada have historically been excluded from many economic opportunities. Colonialism and discrimination have ...

Rhys Mendes, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show Island Morning. Please visit https://www.cbc.ca/listen/live-radio/1-30-island-morning for more information.

Derivatives exchanges often determine collateral requirements, which are fundamental to market safety, with dated risk models assuming normal returns. However, derivatives returns are heavy-tailed, ...

As the central bank and sole issuer of bank notes in Canada, the Bank of Canada needs to stay on top of payment trends. Every four years, we reach out to Canadians to ask them how they pay for things.

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...