The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is a play-based experience that helps children understand money and how to handle it.

The Bank of Canada and Office of the Superintendent of Financial Institutions (OSFI) today released the results of a pilot project on climate scenario analysis.

Deputy Governor Lawrence Schembri talks about how COVID-19 has affected household saving and spending patterns and discusses the Bank’s decision yesterday to leave the policy rate unchanged.

The Bank of Canada today announced the launch of a public-private partnership to strengthen the resilience of Canada’s financial sector in the face of risks to business operations, including cyber incidents.

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

Although global trade disputes are contributing to a slowdown in exports and business investments, job creation and incomes are rising—especially in the economy’s rapidly expanding services sector. In a speech in Iqaluit, Governor Poloz explains what this means for Canada.

The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

OTTAWA, ONTARIO — Today, Bank of Canada Governor Stephen S. Poloz welcomed students and teachers to the Bank of Canada Museum for the launch of Money and Monetary Policy in Canada. This online resource for educators was authored by the Canadian Foundation for Economic Education (CFEE) in close collaboration with Bank staff. Using simple language and relatable examples, it explains topics such as the use and history of money, how the financial system works, the role of the central bank, and how interest rates are set.

Today, the Bank of Canada launched a new digital publication to help Canadians better understand the economy. The Economy, Plain and Simple will feature regular blog-like educational articles about current economic issues, using plain language and engaging visuals to explain concepts in simple terms. It will also cover topics related to the Bank of Canada’s main functions.

“This initiative is the latest of many important steps the Bank has taken to communicate more clearly with Canadians,” said Governor Stephen S. Poloz. “Along with our outstanding Museum and website, the new publication helps Canadians better understand the economy and the Bank’s role. Ultimately, this understanding helps people make more-informed financial decisions and makes our own policies more effective.”

Canadians are seizing the opportunities provided by the spread of digital technology, Governor Stephen S. Poloz said in a speech today. While people working in disrupted industries need help in order to adapt, the overall benefits of new technology are beyond question, he said.

“Digital technologies are spreading rapidly throughout the Canadian economy, enabling growth in all kinds of industries,” Governor Poloz told the Atlantic Provinces Economic Council and Greater Moncton Chamber of Commerce.