The Annual Report outlines the Bank’s activities and achievements in 2021. It includes the financial statements and a message from Governor Tiff Macklem.
Effective April 25, 2022, the maximum total bidding amount across all securities in the Securities Repo Operation (SRO) will increase to $5,000 million for each counterparty.
In this paper, we examine trends in Canadian ownership of Bitcoin and other cryptocurrencies from 2016 to 2020 using data from surveys conducted by the Bank of Canada.
Central banks face considerable uncertainty when conducting monetary policy. The COVID-19 pandemic brought this issue back to the forefront of policy discussions. We draw from academic literature to review key sources of uncertainty and how they affect the conduct of monetary policy.
Using data from the Bank Note Distribution System and consumer surveys, we find that bank notes in circulation remained high through 2021. Canadians continued to rely on electronic methods of payment, but a significant share also continued using cash for payments.