We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.

If you still hold Canada Savings Bonds, please be advised that the telephone contact number 1-877-899-3599 has been discontinued. If you called that number since February 2024, you may have been exposed to a scam. If so, contact the Canadian Anti-Fraud Centre at 1‑888‑495‑8501.  For information about Canada Savings Bonds, contact the Unclaimed Properties Office at 1‑833‑876‑2267.

Subscribe to News
News

July 15, 2024

Business Outlook Survey—Second Quarter of 2024

Results from the Business Outlook Survey and the Business Leaders’ Pulse continue to signal weak demand, which is weighing on investment and hiring plans. While few firms are planning layoffs, labour markets are widely seen as continuing to soften. Although they remain above average, wage and inflation expectations are easing. Most firms that made abnormally large price increases in the past 12 months do not plan to do so again in the coming year.
Content Type(s): Publications, Business Outlook Survey
July 15, 2024

Canadian Survey of Consumer Expectations—Second Quarter of 2024

Consumers’ perceptions of inflation are unchanged from a quarter ago, but their expectations for near-term inflation declined significantly. While both measures have improved substantially in recent quarters, they remain higher than they were before the COVID‑19 pandemic. Most consumers continue to think that domestic factors are contributing to high inflation. Sentiment remains subdued and unchanged from last quarter, as high inflation and elevated interest rates continue to constrain people’s budgets. Perceived financial stress remains high, most consumers continue to report spending cuts, and pessimism about future economic conditions persists. Canadians’ perceptions of the labour market have weakened this quarter, especially among private sector employees. Yet overall wage growth expectations reached a new survey high, driven by public sector employees.
Content Type(s): Publications, Canadian Survey of Consumer Expectations
June 13, 2024

Reviewing our pandemic actions

Speech summary Sharon Kozicki Canadian Association for Business Economics Ottawa, Ontario
Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness.
Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments

See more

Exchange rates

Canadian dollar