Posts

• September 10, 2020

  Supporting growth and greater opportunity

  Speech summary Tiff Macklem Canadian Chamber of Commerce Ottawa, Ontario

  Governor Tiff Macklem outlines how the COVID-19 recession has had an uneven impact on Canadians and discusses the Bank’s decision yesterday to leave the policy rate unchanged.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Interest rates, Labour markets, Monetary policy, Recent economic and financial developments
• September 10, 2020

  CARR Meeting (September 10, 2020)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Liquidity Usage and Payment Delay Estimates of the New Canadian High Value Payments System

  Staff Discussion Paper 2020-9 Francisco Rivadeneyra, Nellie Zhang

  As part of modernizing its core payments infrastructure, Canada will replace the Large Value Transfer System (LVTS) with a new Real-Time Gross Settlement (RTGS) system called Lynx. An important question for policy-makers is how Lynx should be designed.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): C, C5, E, E4, E42, E5, E58
• September 10, 2020

  Economic progress report: a very uneven recovery

  Remarks (delivered virtually) Tiff Macklem The Canadian Chamber of Commerce Ottawa, Ontario

  Governor Tiff Macklem discusses the Bank’s latest interest rate announcement and explains the uneven impact that the COVID-19 pandemic is having on different sectors and people.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Interest rates, Labour markets, Monetary policy, Recent economic and financial developments
• September 9, 2020

  Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds.

  Content Type(s): Press, Press releases
• September 8, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (September 14-25)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• September 8, 2020

  Bank of Canada announces the launch of the 2021 Fellowship Program awards

  The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2021 Fellowship and Governor’s awards.

  Content Type(s): Press, Announcements Source(s): Fellowship Program

• Why Do Central Banks Make Public Announcements of Open Market Operations?

  Staff Working Paper 2020-35 Narayan Bulusu

  Central banks communicate the results of open market operations. This helps participants in financial markets more accurately estimate the prevailing demand and supply conditions in the market for overnight loans.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Monetary policy implementation JEL Code(s): D, D5, D52, E, E5, E58, G, G2, G21

• 2019 Cash Alternative Survey Results

  Staff Discussion Paper 2020-8 Kim Huynh, Gradon Nicholls, Mitchell Nicholson

  The role of cash in Canadians’ lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. We contribute to the Bank of Canada’s research on central bank digital currency by monitoring Canadians’ use of cash and their adoption of digital payment methods.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Central bank research, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, C9, E, E4, O, O5, O51
• August 31, 2020

  Research Update - August 2020

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters