Bank of Canada balance sheet — May 31, 2023

Summary#

This is the Bank of Canada unaudited balance sheet as of May 31, 2023. It shows total assets and liabilities of $365,950 million and a net deficiency (shortfall) of $(2,639) million. The statement was signed on June 20, 2023 by Coralia Bulhoes (Chief Financial Officer) and Tiff Macklem (Governor).

What it does#

• Provides a snapshot of the Bank of Canada’s financial position at a specific date.
• Lists major categories and amounts (figures are in millions of dollars), including:
  • Total assets: $365,950 million
  • Total investments: $336,546 million
  • Bank notes in circulation: $116,687 million
  • Total deposits (including the Government of Canada and Payments Canada members): $238,508 million
  • Total liabilities: $368,589 million
  • Derivatives / indemnity agreements with the Government of Canada: $28,284 million
  • Accumulated deficit: $(3,614) million
  • Total deficiency (net shortfall): $(2,639) million
• Notes that the statement is unaudited.

Who's affected#

• Canadians who follow public finances, central banking, or monetary policy.
• Economists, financial analysts, and journalists tracking central bank holdings and liabilities.
• Government finance officials and Parliamentarians who review the Bank’s fiscal reports.
• Not a direct policy change—mostly informative; everyday banking customers are unlikely to feel immediate effects from this single statement.

Why it matters#

• It shows how large the central bank’s balance sheet is and where the major items sit (government bonds, deposits, currency in circulation).
• The reported shortfall (deficiency) and the scale of holdings are of interest to people watching monetary policy, public debt management, or financial-system stability.
• Because the statement is unaudited and dated, it’s a point-in-time report—useful for trend-watching but not a full audited result.