September 23, 2024
Our vision for Reconciliation is guided by the Bank of Canada’s mandate, values and engagements with our Indigenous and non-Indigenous partners and employees.
Reconciliation at the Bank of Canada
As Canada’s central bank, we have a mandate to promote the economic and financial welfare of the country. Our work impacts all people in Canada. While the Bank cannot address all the barriers to Indigenous economic and financial inclusion, we have an obligation to ensure that, in our areas of responsibility, we are considering the perspectives and specific economic and financial realities of Indigenous Peoples in Canada.
As an organization, the Bank strives to create a work environment that respects, reflects and includes Indigenous colleagues and their cultures. We know that changing culture takes time and is often the result of many small actions and decisions. We are committed to doing the work to be an organization that is valued by Indigenous employees.
Our Reconciliation Journey
Our Reconciliation journey follows two pathways:
- deepening our understanding of Indigenous economies in Canada
- building an equitable and inclusive organizational culture
These pathways are interconnected, with the goals and actions of one influencing those of the other.
Integrating our commitments
This Reconciliation Action Plan, its goals and actions are championed by the Bank’s Board of Directors, Governing Council and Executive Council, and aligns with our Strategic Plan. We will provide annual updates on our progress and will review and update the Action plan every three years.
We are thankful for our Indigenous and non-Indigenous partners who inspired this work. And we are grateful to all First Nations, Métis and Inuit who have cared for and continue to care for the land where the Bank carries out its work.
Additional resources
- An Overview of the Indigenous Economy in Canada
- Bank of Canada becomes inaugural member of new, international Central Bank Network for Indigenous Inclusion
- Bringing Our Values to Life: Equity, Diversity and Inclusion Strategy 2022–24
- Indigenous Advisory Circle
- Read What We Heard: Report on External and Internal Conversations on Reconciliation