The new $5 note will enter circulation only after the issuance of the next $20 note in early 2027. In the meantime, our ...

We draw on the Canadian experience to examine how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability ...

According to the Bank of Canada’s Methods-of-Payment (MOP) surveys in recent years, more than 80% of retail consumer purchases in Canada occur at physical locations.1 This suggests that such ...

We investigate the macroeconomic impacts of mothballed businesses—those that closed temporarily—on sectoral equilibrium prices after a negative demand shock. Our results suggest that pandemic fiscal ...

Our call for nominations has ended, and an independent Advisory Council has developed a short list of candidates for the next $5 bank note. Learn how the selection process unfolded. View the short ...

More than 600 of your nominees met the qualifying criteria to be featured on the next $5 bank note. From those, an ...

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.

How often does the cashier just hand over the debit machine when you pay for your morning coffee? Some even seem surprised if you give them cash. Last year in Canada, people used cash for only 1 in 3 ...

Do you ever wonder why some things are way more expensive than they were when you were a kid? It’s a sign of something important in our economy—inflation. Inflation is a measure of how much prices for ...

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 ...