May 6, 2024
Posts
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May 6, 2024
Our next $20 bank note
We’ve started the design process for the new $20 bank note featuring His Majesty King Charles III. See more about the new note and our design process.
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May 3, 2024
The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks
The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations. -
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May 2, 2024
Resilience partnerships
The Bank of Canada plays a leadership role in bringing together stakeholders from across the country to promote the operational and cyber resilience of the financial sector. -
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May 2, 2024
Governor’s foreword
In 2023, the Bank of Canada made considerable progress in the fight against inflation and laid the groundwork for the return to price stability. But even as inflation came down considerably, increases in the cost of living continued to squeeze Canadians. For many, higher interest rates added to their burden. The challenge for the Bank was to set our policy interest rate high enough to wring high inflation out of the economy, but not so high that we stifled it. Global events ranging from foreign bank failures to the war in Israel and Gaza added uncertainty and brought new risks.
