Bank of Canada may be set for billions of losses

Think-tank warns losses could pose reputational risk for central bank

Bank of Canada facade

A new report published by a Canadian think-tank projects the Bank of Canada could post billions in losses over the next three years. The report follows the central bank’s announcement of its first-ever loss in 2022.

The Toronto-based CD Howe Institute published the report, Reversal of Fortunes: Rising Interest Rates and Losses at the Bank of Canada, on January 12.

The central bank’s balance sheet problems are a byproduct of the pandemic. The Bank of Canada adopted quantitative easing in late

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account