Canada Digital Canadian Dollar
Bank of Canada
Status
Architecture
Cross-Border Projects
Project Agorá
Role: participant
Capabilities
Frequently Asked Questions
Does Canada have a CBDC?
Yes, Canada is developing Canada Digital Canadian Dollar, currently in research phase.
What is the status of Canada's CBDC?
Canada Digital Canadian Dollar is in research phase as of 2026-02-18. The central bank is conducting research and feasibility studies.
When did Canada launch its CBDC pilot?
No pilot launch date has been announced yet. The project is currently in research phase.
How many people use Canada's CBDC?
User and wallet metrics are not publicly available at this time.
Is Canada's CBDC retail or wholesale?
Canada Digital Canadian Dollar is a retail CBDC designed for public use in everyday transactions.
Which central bank manages Canada Digital Canadian Dollar?
Canada Digital Canadian Dollar is managed by Bank of Canada.
Recent Developments
Bank of Canada concluded after multi-year research (2019-2024) that there is no compelling case for issuing a retail CBDC at this time. The bank continues to monitor the payments landscape and explore technical possibilities, but no development or pilot is currently planned.
Updated: 2/18/2026