Bank of Canada balance sheet, Oct 31, 2021

Summary#

This is an unaudited statement of financial position from the Bank of Canada as at October 31, 2021. It shows total assets and total liabilities and equity of $501,361.4 million and was declared in Ottawa on November 16, 2021 by the Bank’s officials.

What it does#

This notice publishes the Bank’s balance sheet numbers so anyone can see what the Bank held and owed on October 31, 2021. Key items reported include:

• Total assets: $501,361.4 million.
  • Cash and foreign deposits: $6.9 million.
  • Loans and receivables (total): $24,115.4 million, including securities purchased under resale agreements $24,107.8 million and other receivables $7.6 million.
  • Investments (total): $465,520.9 million, including:
    • Government of Canada treasury bills: $2,658.1 million.
    • Government of Canada bonds — amortized cost: $124,408.8 million.
    • Government of Canada bonds — fair value: $281,967.7 million.
    • Canada Mortgage Bonds: $9,598.3 million.
    • Other bonds: $16,278.3 million.
    • Securities lent or sold under repurchase agreements: $30,105.4 million.
    • Shares in the Bank for International Settlements: $465.8 million.
  • Derivatives (indemnity agreements with the Government of Canada): $10,869.4 million.
  • Capital assets total: $681.3 million (property, equipment, intangible, right-of‑use assets).
  • Other assets: $167.5 million.
• Total liabilities and equity: $501,361.4 million.
  • Bank notes in circulation: $112,293.7 million.
  • Deposits (total): $358,685.5 million, including Government of Canada deposits $60,516.7 million and deposits by members of Payments Canada $288,227.6 million.
  • Securities sold under repurchase agreements: $29,089.2 million.
  • Other liabilities: $719.0 million.
  • Total liabilities: $500,787.4 million.
  • Total equity: $574.0 million, made up of share capital $5.0 million, statutory and special reserves $125.0 million, an investment revaluation reserve $427.7 million, and an actuarial gains reserve $16.3 million.
• The statement is signed by Coralia Bulhoes, Chief Financial Officer and Chief Accountant, and Tiff Macklem, Governor (declarations dated November 16, 2021).
• The document is described as unaudited.

Who's affected#

• The general public and taxpayers, because this is a public record of the central bank’s finances.
• Financial market participants, economists, reporters, and analysts who follow central‑bank holdings and liquidity.
• Banks and other participants in the payments system—note the large deposit figure for members of Payments Canada.
• No new rules or actions are announced here; it is a routine financial disclosure rather than a policy change.

Why it matters#

• The statement shows the scale of the Bank of Canada’s balance sheet and where its money is allocated (large holdings of Government of Canada bonds, repurchase activity, deposits, and bank notes in circulation).
• That information helps people understand the Bank’s role in Canada’s money and payments systems and supports transparency and public accountability.
• Analysts use these numbers to track trends in central‑bank operations and liquidity.