The Bank of Canada has long recognized that the inclusion of diverse identities and ideas fosters innovative thinking that results in better policy outcomes for Canadians. It’s also the right thing to do. With today’s publication of its Diversity and Inclusion Strategy, the Bank is reinforcing its commitments to reduce any barriers to employment and support employees, while embedding diversity and inclusion into every aspect of its work.
The Bank of Canada is researching potential system designs and business models for a digital currency that, like a banknote, would be widely accessible, secure and denominated in Canadian dollars.
During this time of heightened public health measures intended to limit the transmission of COVID-19, some consumers and businesses are choosing not to use cash to limit potential exposure.