The Bank of Canada has introduced its first Reconciliation Action Plan, marking a significant step in its commitment to improving relations with Indigenous Nations and Peoples. The plan aims to foster an inclusive organizational culture and support thriving Indigenous economies.
Developed over two years through dialogue with partners, advocates, and organizations focused on Indigenous economic issues, the initiative also involved consultations with the Bank’s Indigenous and non-Indigenous employees. These discussions aimed to understand the challenges faced by Indigenous Peoples in Canada and explore collaborative paths toward Reconciliation.
The plan prioritizes two main objectives: enhancing the Bank’s understanding of Indigenous economies in Canada and cultivating an inclusive organizational culture. Senior Deputy Governor Carolyn Rogers emphasized this commitment, stating, “The Bank’s role is to promote the economic and financial welfare of everyone in Canada. Our approach to Reconciliation is grounded in that mandate and guided by our core values of forward thinking, inclusion, and inspiring confidence.”
The Bank of Canada will provide annual reports on its progress towards Reconciliation and will review and update its goals every three years through ongoing engagement with Indigenous partners.
Find out more about the Reconciliation Action Plan.