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Renewing Canada’s monetary policy framework

Every five years, the Bank of Canada and the Government of Canada review and renew the agreement on Canada’s monetary policy framework.

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We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks.
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View the latest data on the Government of Canada's purchases and holdings of Canadian Mortgage Bonds.

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February 7, 2025 Securities Lending of the Government’s Holdings of Canada Mortgage Bonds

February 5, 2025 CFEC Releases Results of October 2024 Foreign Exchange Volume Survey

January 31, 2025 Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
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Access our research papers, public consultations and surveys related to bank notes.

Our next $20 bank note

We’ve started the design process for the new $20 bank note featuring His Majesty King Charles III. See more about the new note and our design process.
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Monetary Policy Report—January 2025

Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty.
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March 3, 2025
Crisis facilities as a source of public information

March 3, 2025
Assessing the Impact of Demographic Composition on Productivity

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February 21, 2025
Tariffs, structural change and monetary policy

February 12, 2025
Summary of Governing Council deliberations: Fixed announcement date of January 29, 2025

February 11, 2025
Bank of Canada announces appointment of second external Deputy Governor

February 6, 2025
Structural change, supply shocks and hard choices

Speech: Mississauga Board of Trade-Oakville Chamber of Commerce

Trade friction, structural change and monetary policy — Governor Tiff Macklem speaks before the Mississauga Board of Trade-Oakville Chamber of Commerce (12:45 (ET) approx.).
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These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.

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