Company Directory - Bank of Canada
Company Details - Bank of Canada
Bank of Canada
Central bank of Canada responsible for the nation's monetary policy and financial system stability.
CCI Score
CCI Score: Bank of Canada
21.35
Latest Event
Bank of Canada Governor Stands by Environmental Policy
Mark Carney, serving as the Bank of Canada's Governor and an influential voice on climate finance, stated there are no plans to repeal Bill C-69. His comments, made during a press briefing on April 3, 2025, reaffirm the institution’s commitment to environmental oversight amid conservative political pressure challenging Canada’s regulatory framework.
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SABOTEUR
Bank of Canada is currently rated as a Saboteur.
Latest Events
- APR032025
Mark Carney, serving as the Bank of Canada's Governor and an influential voice on climate finance, stated there are no plans to repeal Bill C-69. His comments, made during a press briefing on April 3, 2025, reaffirm the institution’s commitment to environmental oversight amid conservative political pressure challenging Canada’s regulatory framework.
- MAR252025
Amidst escalating trade war tensions driven by US tariffs and nationalist rhetoric from President Trump, Bank of Canada Governor Tiff Macklem issued a warning about unprecedented economic uncertainty. This measured public statement underscores the institution's commitment to stability and cautious policy communication rather than engaging in politicized or authoritarian practices.
- MAR172025
Bank of Canada's 2023 CBDC survey revealed strong public opposition to further digital currency research. A new report warns that pursuing CBDCs could pave the way for enhanced governmental control and surveillance, potentially curtailing individual freedoms and aligning with authoritarian practices.
-40
Public and Political Behavior
March 25
The Bank of Canada conducted a survey on CBDCs in 2023 that showed a significant majority rejecting further research into digital currencies. This disregard for public sentiment raises concerns that continued pursuit of CBDCs may facilitate government overreach and authoritarian practices, thus negatively impacting public political behavior.
New report explains how central bank digital currencies threaten freedom
-30
Technology and Services Impact
March 25
The report warns that the technology underlying CBDCs could be used to implement surveillance mechanisms and restrict financial autonomy. The Bank of Canada's involvement in CBDC research, despite overwhelming public opposition, raises alarms about the possible deployment of technology that may facilitate authoritarian practices.
New report explains how central bank digital currencies threaten freedom
- DEC312023
The Bank of Canada's 2023 report outlines steps taken to prevent forced labour and child labour within its supply chain, particularly in relation to bank note production. The report details engagements with major suppliers, adherence to a strict procurement policy, and upcoming initiatives to further map and safeguard its supply chains.
+60
Supply Chain Ethics
March 25
The Bank of Canada has proactively engaged with suppliers to mitigate risks of forced labour and child labour, especially in the critical bank note production supply chain. Its established procurement policies and ethical standards represent a positive step in preventing modern slavery. However, the absence of robust mechanisms to assess the effectiveness of these policies leaves room for improvement, slightly tempering the positive impact.
2023 Annual Report: Fighting Against Forced Labour and Child Labour in Supply Chains
- DEC112023
The Bank of Canada's recent public consultation report on a central bank digital currency has exposed growing public concerns regarding financial privacy and a potential path toward centralized surveillance. The report highlights the trust deficit among Canadians, raising questions about transparency and the adequacy of protections in the proposed CBDC design.
-20
Public and Political Behavior
March 25
The public consultation reveals a significant trust deficit, with many Canadians expressing concerns over the lack of clear communication and transparency in the CBDC design. This gap in public confidence in a critical financial institution can be seen as a risk factor, potentially paving the way for authoritarian overreach if decision-making is not subject to rigorous public scrutiny.
Canadians have serious trust issues when it comes to a central bank digital currency
-25
Technology and Services Impact
March 25
The design of the proposed CBDC, with its centralized ledger tracking all transactions, raises serious concerns over potential privacy breaches. Such a system could facilitate extensive surveillance and control over personal financial behavior if not properly safeguarded, aligning with fears of technological tools being repurposed for authoritarian control.
Canadians have serious trust issues when it comes to a central bank digital currency
- FEB012008
During the onset of the 2008 financial crisis, Bank of Canada Governor Mark Carney rapidly lowered interest rates, employed forward guidance, and acted as an intermediary with a reluctant Conservative government to stabilize the economy and protect jobs. His leadership, highlighted in the article, is portrayed as critical to preventing a deeper economic collapse during the Great Recession.
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