January 2, 2025 Governing Council and Senior Management The Governing Council is the policy-making body of the Bank. It consists of the Governor, Senior Deputy Governor, and four Deputy Governors. It is responsible for monetary policy, decisions aimed at promoting a sound and stable financial system, and the strategic direction of the Bank.
January 1, 2025 Governance documents Legislation, reports, plans, policies and other documents relating to the governance of the Bank.
December 23, 2024 Summary of Governing Council deliberations: Fixed announcement date of December 11, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 11, 2024. Content Type(s): Publications, Summary of deliberations
December 23, 2024 Release of the Bank of Canada’s summary of deliberations On Monday, December 23, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on December 11, 2024. Content Type(s): Press, Media advisories
Interaction of Macroprudential and Monetary Policies: Practice Ahead of Theory Staff Discussion Paper 2024-18 Thibaut Duprey, Yaz Terajima, Jing Yang We draw on the Canadian experience to examine how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability objectives. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Monetary policy JEL Code(s): E, E3, E37, E5, E52, E58, E6, E61, G, G0, G01, G2, G21, G28
December 20, 2024 Our next $5 bank note On December 16, 2024, the Government of Canada announced that Terry Fox will feature on the new $5 note.
CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses Staff Working Paper 2024-52 Walter Engert, Oleksandr Shcherbakov, André Stenzel We simulate introducing a central bank digital currency (CBDC) and consider consumer adoption, merchant acceptance and usage at the point of sale. Modest adoption frictions significantly inhibit CBDC market penetration along all three dimensions. Incumbent responses to restore pre-CBDC market shares are moderate to small and further reduce the impact of a CBDC. Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Econometric and statistical methods, Financial services JEL Code(s): C, C5, C51, D, D1, D12, E, E4, E42, L, L1, L14, L5, L52
December 20, 2024 What is a central bank? A central bank works to ensure a country’s economic stability and its citizens’ financial well-being. Content Type(s): Explainers