According to the Bank of Canada’s Methods-of-Payment (MOP) surveys in recent years, more than 80% of retail consumer purchases in Canada occur at physical locations.1 This suggests that such ...

The new $5 note will enter circulation only after the issuance of the next $20 note in early 2027. In the meantime, our ...

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 ...

We investigate the macroeconomic impacts of mothballed businesses—those that closed temporarily—on sectoral equilibrium prices after a negative demand shock. Our results suggest that pandemic fiscal ...

Our call for nominations has ended, and an independent Advisory Council has developed a short list of candidates for the next $5 bank note. Learn how the selection process unfolded. View the short ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...

More than 600 of your nominees met the qualifying criteria to be featured on the next $5 bank note. From those, an ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...

What does the future hold? Does it look like Star Trek or Blade Runner? Paradise or dystopia? From automation, to machine learning and artificial intelligence, to the threat of robots taking all our ...