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 ...

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 ...

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. We’ve started the design process for the new $20 bank note featuring His ...

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 ...

Recent policy changes are having a clear impact on the mortgage market. The number of new highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly. Tighter policies ...

Readability refers to how easy it is to read and understand a piece of text. In this note, I examine the readability of Bank of Canada publications for the years 2015–17, using a common metric for ...

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.

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

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, ...