Bank of Canada balance sheet — July 31, 2021

Summary#

This is the Bank of Canada’s unaudited statement of financial position as at July 31, 2021. It shows the Bank held total assets and matching liabilities and equity of $491,687.4 million, and lists major items such as investments, deposits, and bank notes in circulation. The statement was signed by CFO Coralia Bulhoes and Governor Tiff Macklem on August 19, 2021.

What it does#

• Presents a snapshot of the Bank’s finances on July 31, 2021 (amounts shown in millions of dollars).
• Shows total assets of $491,687.4 million and total liabilities plus equity of $491,687.4 million.
• Lists the Bank’s largest holdings and balances, including:
  • Investments total: $453,945.8 million (includes Government of Canada bonds carried at amortized cost $120,912.7 million and at fair value $270,706.2 million, plus treasury bills $7,348.0 million).
  • Securities purchased under resale agreements: $32,601.4 million.
  • Securities lent or sold under repurchase agreements: $26,931.3 million; securities sold under repurchase agreements (liability): $25,958.5 million.
  • Bank notes in circulation: $110,646.3 million.
  • Deposits total: $353,761.5 million (Government of Canada $74,142.6 million; members of Payments Canada $271,341.5 million; other deposits $8,277.4 million).
• Shows capital and reserves: share capital $5.0 million, statutory and special reserves $125.0 million, investment revaluation reserve $433.8 million, total equity $563.8 million.

Who's affected#

• People who follow Canada’s public finances and monetary policy: economists, market participants, researchers, journalists.
• Federal institutions and financial markets that interact with or monitor the Bank’s balance sheet.
• The general public indirectly: the statement provides transparency about how the Bank is managing assets and liabilities, which can inform views on monetary and financial stability.
• It is routine reporting; it does not itself change policy or obligations.

Why it matters#

• The statement gives transparency about the scale and composition of the Bank’s balance sheet at that date.
• Large holdings of government bonds and repo activity reflect the Bank’s role in providing liquidity and conducting monetary operations—important context for how monetary policy and crisis response were implemented.
• Investors, analysts, and policy watchers use this data to track risks, liquidity, and the Bank’s exposure to market changes.