Bank of Canada Balance Sheet — Nov 30, 2022

Summary#

This notice publishes the Bank of Canada’s unaudited statement of financial position as at November 30, 2022. It shows total assets and total liabilities and equity of $414,633 million (amounts are in millions of dollars).

What it does#

• Publishes the Bank’s unaudited balance sheet as at November 30, 2022.
• Lists major asset categories and amounts, including:
  • Investments: $384,447 million
  • Loans and receivables (total): $339 million
  • Cash and foreign deposits: $11 million
  • Derivatives — indemnity agreements with the Government of Canada: $28,737 million
  • Capital assets (total): $668 million
• Lists major liability and equity items, including:
  • Bank notes in circulation: $116,365 million
  • Deposits (total): $277,345 million
  • Securities sold under repurchase agreements: $20,251 million
  • Total liabilities: $414,302 million
  • Total equity: $331 million (retained earnings: $(596) million)
• Breaks down some investment holdings, for example:
  • Government of Canada bonds — amortized cost: $109,378 million
  • Government of Canada bonds — fair value: $233,041 million
  • Canada Mortgage Bonds: $9,184 million
  • Other bonds: $10,695 million
• The statement is signed by Coralia Bulhoes (Chief Financial Officer) and Tiff Macklem (Governor) on December 15, 2022.

Who's affected#

• The Bank of Canada and the federal government are directly involved.
• Financial market analysts, economists, banks, and journalists who follow central-bank balance sheets will notice these figures.
• The general public may be affected indirectly because the balance sheet reflects central-bank activities that influence interest rates and liquidity, though the notice itself is a reporting item rather than a policy decision.

Why it matters#

• The statement shows the size and composition of the central bank’s balance sheet—how much is held in government bonds, how much is in circulation as bank notes, and how much the Bank owes in deposits and repurchase agreements.
• These details help analysts and the public understand the Bank’s financial position and the scale of its market operations.
• The report is unaudited and purely informational. The statement’s accounting items (for example, a small total equity of $331 million and negative retained earnings of $(596) million) are bookkeeping facts that some observers watch for signs about the Bank’s accounting position; the practical policy implications are not stated in the notice.