Core Functions
As the nation's central bank, the Bank of Canada has four main areas of responsibility:
Monetary Policy
Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.
Financial System
Canada's financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems.
Currency
The Bank of Canada is the country’s sole authority for issuing bank notes and is responsible for the design, production and distribution of Canada’s bank notes.
Funds Management
Read about the Bank of Canada’s role as the “fiscal agent” for the Government of Canada.
Monetary Policy Report - April 2017
Canada’s economy is expected to grow by 2 1/2 per cent this year and just below 2 per cent in 2018 and 2019.
Unclaimed Balances
Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years.
Financial System Review - December 2016
The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems.