bank of canada News

The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar.

Today, the Bank of Canada raised its interest rate goal to 3.25%, keeping the lending rate at 3.5% and the deposit rate at 3.25%. Additionally, the Bank is keeping up its quantitative contraction strategy. The international and Canadian GDP development…

Canada is reportedly accelerating its plans to launch a central bank digital currency (CBDC). Fast-tracking the CBDC Plans According to a report by Decrypt, the Bank of Canada is rethinking its timeline for the launch of the Canadian CBDC. For…

Some analysts from Canada’s central bank, the Bank of Canada (BoC), opined that some of the key characteristics of a proposed central bank digital currency (CBDC) model should be accessibility, efficiency, affordability, and resilience. Bank of Canada CBDC Could Adopt…

The Bank of Canada, which is the nation’s apex bank, has made it clear through its Deputy Governor Timothy Lane, that it will only develop its own central bank digital currency (CBDC) if it sees a compelling reason to do…