The Bank of Canada today unveiled its first Reconciliation Action Plan.

The plan affirms the Bank’s commitment to reshaping its relationship with Indigenous Nations and Peoples, fostering an inclusive and equitable organizational culture, and championing thriving Indigenous economies.

This initiative is the product of two years of dialogue with the Bank’s partners, as well as advocates and organizations focused on Indigenous economic issues. The Bank also engaged with its own Indigenous and non-Indigenous employees.

The purpose of these conversations was to deepen understanding of the challenges faced by Indigenous Peoples in Canada and to learn how they and the Bank can move forward together towards Reconciliation.

The plan has two interconnected priorities: to deepen the Bank’s understanding of Indigenous economies in Canada and to build an inclusive organizational culture.

“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,” said Senior Deputy Governor Carolyn Rogers.

The Bank will report annually on its progress towards Reconciliation. It is also committed to reviewing and refreshing its goals and actions every three years, through continued engagement with Indigenous partners.