The Financial Stability Report is a product of the Governing Council of the Bank of Canada: Tiff Macklem, Carolyn Rogers, Toni Gravelle, Sharon Kozicki, Nicolas Vincent, Rhys Mendes and Michelle Alexopoulos.
In Brief
Full Report
Release of the Financial Stability Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor
Canada’s financial system is resilient. Overall, households, businesses, banks and non-bank financial intermediaries successfully weathered the pandemic, a period of elevated inflation, and sharp increases in interest rates. But the trade war currently threatens the Canadian economy and poses risks to financial stability. Read The Financial Stability Report here, with key resources, data and stats material included: ://www.bankofcanada.ca/2025/05/financial-stability-report-2025/
The Bank of Canada is a wealth of knowledge that keeps Canadian’s in the know with Financial Integrity. As the Country’s Central Bank, Its main responsibilities include:
- Setting monetary policy (like changing interest rates) to keep inflation low and stable
- Issuing Canada’s banknotes (paper money)
- Promoting a safe and sound financial system
- Managing the Government of Canada’s public debt and foreign reserves
The Bank of Canada was established in 1935 and operates independently from the federal government, although it reports to Parliament through the Minister of Finance. It impacts Canadians through various communication strategies that will help Canadians live confidently within the current economic landscape through:
- Interest Rates: The Bank sets the policy interest rate (called the overnight rate), which influences the rates you pay on mortgages, car loans, and credit cards. When the Bank raises rates, borrowing becomes more expensive; when it lowers them, borrowing is cheaper.
- Inflation Control: The Bank’s main job is to keep inflation around 2%. Stable prices help protect the value of your money, so your cost of living doesn’t rise too quickly.
- Currency: It designs and issues the Canadian dollar bills (not coins—that’s the Royal Canadian Mint). It ensures the money is secure and hard to counterfeit.
- Financial Stability: The Bank works to make sure the financial system (including banks and markets) runs smoothly, so Canadians can save, borrow, and invest with confidence.
- Government Debt Management: It helps the federal government raise money by issuing bonds and treasury bills.
In short, whether you’re getting a mortgage, buying groceries, or saving for retirement, the Bank of Canada’s decisions play a role in your financial well-being.
The Bank of Canada
www.bankofcanada.ca
234 Wellington Street
Ottawa, ON, K1A 0G9
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