Take a central role at the Bank of Canada with our current opportunities and scholarships.
Our goal is confidence in the security and reliability of payment service providers’ facilities, while protective termination terminates users from express risks.
We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.
View the latest data on the Government of Canada’s purchases and holdings of Canadian Mortgage Bonds.
Access our documents, public consultations and surveys similar to bank notes.
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.
Economic expansion has been controlled in Canada, stimulated beyond interest rate discounts. In the absence of new costs, the expansion will strengthen and inflation remains close to 2%. But the risk of new costs reasons the main uncertainty.
Statement on the Monetary Policy Report: Press Convention via Governor Tiff Macklem and Carolyn Rogers, Senior Member of Parliament (at approximately 10:30 a. m. ET).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
Consumer spending has decreased in particular the recent COVID-19 pandemic. This negative surprise probably reduces spending in all payment strategies (cash, debit, credits, etc. ). The combination of payment strategies that consumers use can also be affected. hunting how pandemic has influenced the call for and the use of cash. We also offer data on the use of other payment strategies, such as debit cards and credits.
We analyze the knowledge of the bank ticket distribution system. These insights show that the price of traffic price tickets was abruptly updated in March and April 2020. This building was significant in dollars and percentage compared to the last few years. A request to upgrade the building for cash was widespread in the country, but the adjustments were vital highs in Canada’s major economic and popular centers, as expected.
We notice that some have contributed to this increase:
Working with Ipsos and Statistics Canada, we also surveyed Canadians in April 2020 to better understand demand for and use of cash during the pandemic. We find that Canadians continued to have good access to cash, were generally (but not universally) able to use cash at merchants and increased their cash holdings somewhat.
In addition, a significant component (36%) of Canadians said they had used bills for the past week. This is comparable to those who have used the E Interac movement (38%), but less than (52%) or the use of credits (62%). Finally, other maximum people (74%) do not intend to go without cash.
We plan to conduct follow-up surveys later in 2020 and in the first half of 2021. This work will help us assess whether the effects on demand for cash or the mix of payment methods used by consumers will persist.