April 22, 2021
Posts
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April 22, 2021
Monetary policy
Like other economies around the world, the Canadian economy was hit hard by COVID-19. Following the onset of the pandemic and the introduction of measures to contain its spread, gross domestic product (GDP) fell by more than 10 percent in the first half of 2020. -
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April 22, 2021
In focus: Diversity and inclusion
In 2020, the Bank launched a comprehensive strategy to put diversity and inclusion into practice. This is the latest step in fostering a work environment where all employees feel safe and valued for their individual contributions and unique perspectives. -
April 22, 2021
Governance
Tiff Macklem was appointed Governor of the Bank for a seven-year term, effective June 3. Governor Macklem replaced former Governor Stephen S. Poloz, who left the Bank at the end of his seven-year term on June 2. -
April 22, 2021
Mandate and planning framework
The Bank of Canada is the nation’s central bank. Its mandate, as defined in the Bank of Canada Act, is “to promote the economic and financial welfare of Canada.” The Bank’s vision is to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. -
April 22, 2021
Financial system
Canada’s financial system has functioned well—helping Canadians weather the economic storm. And the financial system will play an important role in fostering a robust recovery. -
April 22, 2021
2020 by the numbers
A review of some key numbers related to the Bank of Canada’s work in 2020. -
Payments on Digital Platforms: Resiliency, Interoperability and Welfare
This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications. -
April 21, 2021
Bank of Canada statement on Monetary Policy Report embargo breach
The Bank of Canada expects all media organizations to respect the embargo conditions for its key publications.