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Toward 2021

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Reviewing the Monetary Policy Framework.

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Financial System Hub

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* April 19, 2021 [Operational details for upcoming secondary market purchases of Government of Canada securities (April 26-May 7)][47]
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![The next bank NOTE-able Canadian][57]

[

The next bank NOTE-able Canadian

][58]

See the short list of portrait candidates for the next $5 bank note.

![Upcoming changes to legal tender status for older bank notes][59]

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About legal tender

][60]

Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.

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Monetary Policy Report - April 2021

][77]

As the economy recovers from the COVID-19 pandemic, the Bank is forecasting growth of around 6 ½ percent this year, slowing to about 3 ¾ percent in 2022 and 3 ¼ percent in 2023.

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Digital Currencies and Fintech

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[

Monetary Policy Report - Press Conference (Webcasts) - April 2021

][111]

Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem (11:00 (ET) approx.).

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Staff Economic Projections

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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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Annual Report 2020

DYNAMIC | ENGAGED | TRUSTED

[![][125]][126]

[

Governor’s foreword

][127]

The year 2020 was like no other. It began with the unemployment rate in Canada near an all-time low, inflation very close to its 2 percent target and the Bank of Canada’s policy interest rate at 1¾ percent. Canada’s economy was healthy. A year later, we are far from home.

[![][128]][129]

[

2020 by the numbers

][130]

A review of some key numbers related to the Bank of Canada’s work in 2020.

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[

Mandate and planning framework

][132]

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Monetary policy

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Financial system

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Funds management

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Currency

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Managing the Bank

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Communications and outreach

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Global engagement

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Governance

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Risk management

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2020 Financial results

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[Financial statements][154]

In focus

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Extraordinary operations

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Diversity and inclusion

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Digitalization and data

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Climate change

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Available as: [PDF][163]

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