Posts

• August 24, 2020

  Sûreté du Québec and Canada Border Services Agency win Bank of Canada counterfeit prevention award

  The Bank of Canada is pleased to announce the recipients of its 2020 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Announcements
• August 24, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (August 31-September 11)

  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
• August 24, 2020

  Bank of Canada launches public consultation on inflation targeting

  Media Relations Ottawa, Ontario

  The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021.

  Content Type(s): Press, Press releases
• August 20, 2020

  The Great Reset

  Presentation (delivered virtually) Paul Beaudry University of Victoria Victoria, British Columbia

  Deputy Governor Paul Beaudry speaks about Canada's transition to a lower-carbon economy in a virtual panel organized by the Victoria Forum.

  Content Type(s): Press, Speeches and appearances, Presentations Topic(s): Climate change

• Survival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning

  Staff Working Paper 2020-33 Diego Rojas, Juan Estrada, Kim Huynh, David T. Jacho-Chávez

  Using the Bank of Canada's Currency Information Management Strategy, we analyze the network structure traced by a bank note’s travel in circulation and find that the denomination of the bank note is important in our potential understanding of the demand and use of cash.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Econometric and statistical methods, Payment clearing and settlement systems JEL Code(s): C, C5, C52, C6, C65, C8, C81, E, E4, E42, E5, E51

• The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?

  Staff Working Paper 2020-32 Nicole Jonker, Anneke Kosse

  The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability.

  Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Digital currencies and fintech, Financial markets, Financial services, Financial stability JEL Code(s): D, D1, D14, D9, D91, D92, G, G2, G21, G23, O, O1, O16
• August 13, 2020

  Understanding inflation targeting

  At the Bank of Canada, we aim to keep inflation close to 2 percent.

  Content Type(s): Explainers Topic(s): Inflation and prices, Inflation targets
• August 13, 2020

  Understanding inflation

  Inflation is a persistent rise in the average level of prices over time.

  Content Type(s): Explainers Topic(s): Inflation and prices, Inflation: costs and benefits
• August 13, 2020

  Understanding exchange rates

  The foreign exchange market determines how much the Canadian dollar is worth. At the Bank of Canada, we very rarely intervene to support its value.

  Content Type(s): Explainers Topic(s): Exchange rates

• Sample Calibration of the Online CFM Survey

  Technical Report No. 118 Marie-Hélène Felt, David Laferrière

  The Canadian Financial Monitor (CFM) survey uses non-probability sampling for data collection, so selection bias is likely. We outline methods for obtaining survey weights and discuss the conditions necessary for these weights to eliminate selection bias. We obtain calibration weights for the 2018 and 2019 online CFM samples.

  Content Type(s): Staff research, Technical reports Topic(s): Econometric and statistical methods JEL Code(s): C, C8, C81, C83