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The Economy, Plain and Simple - Bank of Canada

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The evolution of how we pay for things

New technologies new payments possibilities. Learn more about how these innovations can make purchases easier, but also introduce new risks.

How economic uncertainty disrupts investment

Business investment plays a pivotal role in economic growth.

Price check: Inflation in Canada

Why prices change, and what it means for the economy.

Learning more about Indigenous economies

Indigenous businesses make a valuable contribution to Canada’s economy, but we still have much to learn about what makes them distinct.

How high productivity helps fight inflation

Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth.

What drives up the price of groceries

Weather, energy prices, and labour and import costs all contribute to higher grocery prices

What labour force participation tells us about the economy

Labour force participation tells us how many people are active in the labour market and how many have dropped out of it. It is just one piece of a larger puzzle, but it is essential to understanding what is happening in the labour market overall.

What you pay for at the pump

Several factors help set gasoline prices: the costs of crude oil, refining, transporting, retailing and marketing gas, as well as taxes.

How higher interest rates affect inflation

When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.

Exploring global value and supply chains

The things we buy come out of complex production chains that span the globe. Understanding these connections is crucial for today's economies.