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 ...

At the Bank of Canada, we assessed the life cycle of bank notes to confirm that polymer notes have a smaller environmental footprint than paper notes. Polymer notes have a longer life and then are ...

Indigenous-owned businesses can play a strong role in the economy. Indigenous people in Canada have historically been excluded from many economic opportunities. Colonialism and discrimination have ...

Readability refers to how easy it is to read and understand a piece of text. In this note, I examine the readability of Bank of Canada publications for the years 2015–17, using a common metric for ...

Rhys Mendes, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show Island Morning. Please visit https://www.cbc.ca/listen/live-radio/1-30-island-morning for more information.

In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation ...

Derivatives exchanges often determine collateral requirements, which are fundamental to market safety, with dated risk models assuming normal returns. However, derivatives returns are heavy-tailed, ...

Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank ...