Bank Of Canada Balance Sheet

It is one of the fundamental documents that make up a company s financial statements.

Bank of canada balance sheet. Central bank balance sheet in canada decreased to 532945 cad million in september from 542571 cad million in august of 2020. Given the unique role as the nation s central bank the composition of the bank of canada s the bank balance sheet differs from other financial institutions. Bank of canada statement of financial position balance sheet effective 1 january 2011 the bank of canada adopted international financial reporting standards ifrs.

Get the annual and quarterly balance sheet of royal bank of canada ry including details of assets liabilities and shareholders equity. This page provides canada banks balance sheet actual values historical data forecast chart statistics economic calendar and news. This page provides canada central bank balance sheet.

The bank s balance sheet is relatively simple and its holdings of financial assets are generally driven by its role as the exclusive issuer of canadian bank notes rather than for the generation of profit. A balance sheet summarizes a company s assets liabilities and shareholders equity at a specific point in time as indicated at the top of the statement. The balance sheet categories reflect the information required by the major users the office of the superintendent of financial institutions the bank of canada canada deposit insurance corporation and statistics canada for purposes of analyzing and monitoring the individual and aggregate financial condition of institutions.

The bank has a zero book value policy on its balance sheet matching total assets to total liabilities and transfers any equity above this amount as a dividend to the government of canada. Banks balance sheet in canada averaged 1208731 21 cad million from 1954 until 2020 reaching an all time high of 7161761 cad million in may of 2020 and a record low of 10516 cad million in april of 1954. With the recent emergency response to the covid 19 pandemic the bank of canada boc has managed to expand its balance sheet in a truly unprecedented manner by purchasing an enormous quantity of assets from the private sector.