Bank of Canada Balance Sheet April 2022

Summary#

This is an unaudited statement of financial position from the Bank of Canada as at April 30, 2022. It shows total assets and total liabilities and equity of $483,292 million and is signed in Ottawa on May 17, 2022 by Coralia Bulhoes (Chief Financial Officer) and Tiff Macklem (Governor).

What it does#

• Publishes the central bank’s balance sheet (assets, liabilities, equity) for public record.
• Shows major line items and their amounts (amounts are in millions of dollars):
  • Total assets: $483,292 million.
  • Total liabilities and equity: $483,292 million.
  • Investments (mainly Government of Canada bonds and similar): $446,005 million.
  • Bank notes in circulation: $114,513 million.
  • Total deposits (Government and Payments Canada members): $326,898 million (Government of Canada $93,975 million; Members of Payments Canada $222,443 million; Other deposits $10,480 million).
  • Securities sold under repurchase agreements: $40,134 million; securities purchased under resale agreements: $8,972 million.
  • Derivatives (indemnity agreements with the Government of Canada) shown as $27,265 million (asset side).
  • Total liabilities: $482,458 million; total equity: $834 million (share capital $5 million, statutory and special reserves $125 million, investment revaluation reserve $433 million, actuarial gains reserve $271 million).
• Notes some items are listed as “n/a” (not available/applicable) in the published table.

Who's affected#

• The general public and anyone tracking Canada’s public finances and monetary system.
• Financial market participants, economists, analysts, and journalists who monitor central‑bank balance sheets.
• The federal government (listed as a large deposit holder) and members of Payments Canada.
• For most individuals, this is background financial information rather than a direct, day‑to‑day change.

Why it matters#

• It gives a snapshot of the size and composition of the central bank’s balance sheet. That helps people understand the scale of the Bank’s holdings of government bonds, cash in circulation, and deposits.
• Analysts and policymakers use this data to track monetary operations, liquidity in financial markets, and the Bank’s financial position.
• The statement is unaudited and dated May 17, 2022, so users should treat it as the Bank’s internal reporting rather than an audited financial report.