Sheet of forty 1000 dollar bills with printing plate

Bank Of Canada Museum

Comprehensive Guide to Visiting Bank of Canada Plaza, Ottawa, Canada

Date: 23/07/2024

Introduction

Welcome to the comprehensive guide to visiting the Bank of Canada Plaza in Ottawa, Canada. This iconic landmark is not only a testament to Canada’s economic resilience but also a showcase of architectural brilliance. Established in 1938, the Bank of Canada Plaza has evolved into a central hub for financial policymaking and cultural engagement. Designed by the esteemed architect Arthur Erickson, the Plaza and its surrounding structures have become symbolic of Canada’s financial stability and architectural innovation. In 2017, significant renovations were undertaken to modernize the facilities while preserving their historical essence, making it a must-visit destination for both locals and tourists alike. This guide will delve into the history, significance, visitor information, and nearby attractions to ensure you make the most out of your visit to this remarkable site (Bank of Canada).

Books, stuffies, piggy banks, and money on display at the boutique

Entrance to the Bank of Canada Museum with a sign stating the museum is always free

reflection of parliament buildings in Bank of Canada and Currency Museum buildings

Examples of every bank note produced by the Bank of Canada

Interactive economy exhibit at Bank of Canada Museum

Participants engaging in the 'Pipes and Tanks' financial literacy game at the Bank of Canada Museum

Various currencies from around the world

Large stone disc money from the island of Yap, Micronesia

Large stone disc currency from Yap known as Rai

Micronesian stone disc money, called rai, from Yap

Large Rai stone from Yap used as currency

Rai stone at the Bank of Canada Museum entrance

The Bank of Canada Museum, Ottawa, aerial view

[Origins and Establishment](#origins-and-establishmentorigins-and-establishment)
[Architectural Significance](#architectural-significancearchitectural-significance)
[Renovations and Modern Enhancements](#renovations-and-modern-enhancementsrenovations-and-modern-enhancements)
[Cultural and Economic Impact](#cultural-and-economic-impactcultural-and-economic-impact)
[Visitor Information](#visitor-informationvisitor-information)
- [Travel Tips and Accessibility](#travel-tips-and-accessibilitytravel-tips-and-accessibility)
- [Notable Events and Milestones](#notable-events-and-milestonesnotable-events-and-milestones)
- [Future Prospects and Developments](#future-prospects-and-developmentsfuture-prospects-and-developments)
[Nearby Attractions](#nearby-attractionsnearby-attractions)
[Visitor Amenities and Facilities](#visitor-amenities-and-facilitiesvisitor-amenities-and-facilities)
[FAQ](#faqfaq)
[References](#referencesreferences)

Origins and Establishment

The Bank of Canada Plaza, located in Ottawa, Canada, is a significant landmark that reflects the country’s economic history and architectural evolution. The Bank of Canada itself was established in 1934, during the Great Depression, to centralize and stabilize the Canadian monetary system. The Plaza came into prominence with the construction of the Bank of Canada Building, completed in 1938. Designed by the renowned architect Arthur Erickson, the building and its surrounding plaza have since become iconic symbols of Canada’s financial stability and architectural innovation.

Architectural Significance

The architectural design of the Bank of Canada Building and Plaza is a blend of modernist and classical elements. Arthur Erickson’s vision was to create a space that not only served functional purposes but also stood as a testament to Canadian resilience and progress. The building features a distinctive glass atrium, pioneering during its time of construction. The Plaza itself is an open space that complements the building’s modernist aesthetic, providing a serene environment in the heart of Ottawa’s bustling downtown.

Renovations and Modern Enhancements

In 2017, the Bank of Canada Plaza underwent significant renovations to modernize its facilities while preserving its historical essence. The renovation project, led by Perkins+Will, aimed to enhance the building’s energy efficiency and accessibility. The updated design includes sustainable features such as green roofs and advanced HVAC systems, reflecting the Bank’s commitment to environmental stewardship. The Plaza now also features public art installations and improved landscaping, making it a more inviting space for visitors and locals alike (Bank of Canada).

Cultural and Economic Impact

The Bank of Canada Plaza holds immense cultural and economic significance. As the headquarters of Canada’s central bank, it is a hub for critical economic policymaking and financial regulation. The decisions made within its walls have far-reaching impacts on the Canadian economy, influencing everything from interest rates to inflation control. The Plaza also serves as a venue for public events and educational programs, fostering a deeper understanding of Canada’s financial system among citizens.

Visitor Information

Travel Tips and Accessibility

The Bank of Canada Plaza is easily accessible by public transportation, with several bus routes stopping nearby. For those driving, there are several parking garages within walking distance. The Plaza is wheelchair accessible, with ramps and elevators available for visitors with mobility challenges. Additionally, the Plaza’s green spaces and seating areas provide a comfortable spot for relaxation amid the city’s hustle and bustle.

Notable Events and Milestones

Over the years, the Bank of Canada Plaza has been the site of numerous significant events and milestones. One notable event was the unveiling of the new polymer banknotes in 2011, which took place at the Plaza. These banknotes, made from a durable polymer material, were introduced to enhance the security and longevity of Canadian currency. The Plaza has also hosted various public lectures and forums on economic policy, attracting experts and policymakers from around the world.

Future Prospects and Developments

Looking ahead, the Bank of Canada Plaza is poised to continue its role as a central hub for economic activity and public engagement. Plans are underway to further enhance the Plaza’s public spaces and integrate more digital and interactive elements into the visitor experience. These developments aim to make the Plaza not only a place of financial significance but also a vibrant community space that reflects the dynamic nature of Canada’s economy and society.

Nearby Attractions

Visitors to the Bank of Canada Plaza can also explore several nearby attractions. The Parliament Hill, home to Canada’s federal government, is just a short walk away and offers guided tours and stunning views of the Ottawa River. The National Gallery of Canada and the Canadian Museum of History are also within close proximity, providing additional cultural and educational experiences. These attractions make the Bank of Canada Plaza an ideal starting point for a day of exploration in Ottawa.

Visitor Amenities and Facilities

To enhance the visitor experience, the Bank of Canada Plaza offers a range of amenities. There are several dining options available, including a café that serves locally sourced food and beverages. The plaza also features a gift shop where visitors can purchase souvenirs, books, and educational materials related to the Bank of Canada and its history. Additionally, there are restrooms, seating areas, and free Wi-Fi available throughout the plaza.

FAQ

What are the Bank of Canada Plaza visiting hours?

The Plaza is open to the public daily from 9 AM to 5 PM.

How much do tickets cost for the Currency Museum?

Admission to the Currency Museum is free.

What can I see at the Bank of Canada Plaza?

Visitors can explore the Currency Museum, enjoy the public art installations, and relax in the well-maintained gardens and seating areas.

Is the Bank of Canada Plaza accessible for disabled visitors?

Yes, the Plaza is wheelchair accessible, with ramps and elevators available.

Conclusion

The Bank of Canada Plaza stands as a testament to Canada’s economic resilience, architectural innovation, and cultural heritage. Its rich history, coupled with modern enhancements, makes it a must-visit destination for anyone interested in understanding the country’s financial system and architectural legacy. Whether you’re a history buff, an architecture enthusiast, or simply looking for a peaceful spot in downtown Ottawa, the Bank of Canada Plaza offers something for everyone (Bank of Canada).

References

Bank of Canada. (n.d.). Visiting the Bank of Canada Plaza - History, Significance, and Visitor Information in Ottawa. Retrieved from Bank of Canada
Bank of Canada Museum. (n.d.). Explore the Bank of Canada Plaza - Visitor Information, Key Attractions, and More. Retrieved from Bank of Canada Museum
Bank of Canada. (n.d.). Essential Visitor Tips for Bank of Canada Plaza - Hours, Tickets, and Nearby Attractions. Retrieved from Bank of Canada