Background materials

• January 1, 2021

  About legal tender

  Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.

  Content Type(s): Background materials Topic(s): Bank notes
• October 19, 2020

  Backgrounder on the Business Outlook Survey question on wage growth

  Starting with the 2020 autumn survey, the results from a question on labour cost growth are being included in the Business Outlook Survey. This document describes the question and presents the correlations between the responses and various measures of wages and employment.

  Content Type(s): Background materials
• October 1, 2020

  Background information on foreign exchange rates

  Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.

  Content Type(s): Background materials Topic(s): Exchange rates
• February 25, 2020

  Contingency planning for a central bank digital currency

  This background note explains the Bank’s official position on CBDC. It outlines the public policy, design, technology and risk management issues the Bank is considering as it builds its capacity to issue a CBDC in case it is needed in the future.

  Content Type(s): Background materials Topic(s): Digital currencies and fintech
• November 13, 2019

  Information on the Standing Term Liquidity Facility

  The Bank of Canada regularly reviews its Framework for Market Operations and Liquidity Provision to ensure it remains in line with the evolution of the Canadian financial system.

  Content Type(s): Background materials Source(s): Standing Term Liquidity Facility
• October 16, 2017

  Backgrounder on the Business Outlook Survey Question on Future Sales Indicators

  Since the 2016 summer survey, the results from a question on future sales indicators (FSI) have been included in the Business Outlook Survey (BOS). This backgrounder briefly describes the question and presents the correlations between the responses and various measures of business activity.

  Content Type(s): Background materials
• October 24, 2016

  Renewal of the Inflation-Control Target (October 2016)

  Commentary and technical data relating to the 2016 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy
• December 8, 2015

  Framework for Conducting Monetary Policy at Low Interest Rates

  This document outlines a series of monetary policy measures that could be deployed in a very low interest rate environment.

  Content Type(s): Background materials Topic(s): Monetary policy
• April 6, 2015

  Backgrounder on the Question in the Business Outlook Survey Concerning the Intensity of Labour Shortages

  Starting with the 2015 spring survey, the results from a question on the intensity of labour shortages are being included in the Business Outlook Survey (BOS). This backgrounder briefly describes the question and presents the correlations between the responses and various measures of pressures on production capacity and labour market conditions.

  Content Type(s): Background materials
• November 7, 2011

  Renewal of the Inflation-Control Target (November 2011)

  Commentary and technical data relating to the 2011 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy