Posts

• November 30, 2023

  CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR

  In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• November 29, 2023

  What we heard: Bank of Canada publishes report on digital dollar consultations, outlines further engagement plans

  Media Relations Ottawa, Ontario

  The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar.

  Content Type(s): Press, Press releases
• November 28, 2023

  Moving money with confidence: Canada’s new regime for retail payments supervision

  Remarks Ron Morrow Central 1 Momentum Summit Vancouver, British Columbia

  Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Retail payments supervision
• November 28, 2023

  Speech by Ron Morrow, Executive Director - Supervision, of the Bank of Canada

  On Tuesday, November 28, 2023, Ron Morrow, Executive Director – Supervision, of the Bank of Canada, will speak before the Central 1 Credit Union’s Momentum 2023 Summit.

  Content Type(s): Press, Media advisories

• Testing Collusion and Cooperation in Binary Choice Games

  Staff Working Paper 2023-58 Erhao Xie

  This paper studies the testable implication of players’ collusive or cooperative behaviour in a binary choice game with complete information. I illustrate the implementation of this test by revisiting the entry game between Walmart and Kmart.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Market structure and pricing JEL Code(s): C, C5, C57, L, L1, L13
• November 27, 2023

  Bank of Canada announces finalists for the ninth annual Governor’s Challenge

  The Bank of Canada has announced the five finalist teams in the 2023–24 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge

• Immigration and Provision of Public Goods: Evidence at the Local Level in the U.S.

  Staff Working Paper 2023-57 Anna Maria Mayda, Mine Z. Senses, Walter Steingress

  Using U.S. county-level data from 1990 to 2010, we study the causal impact of immigration on the provision of local public goods. We uncover substantial heterogeneity across immigrants with different skills and immigrants of different generations, which leads to unequal fiscal effects across U.S. counties.

  Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, International topics, Regional economic developments JEL Code(s): F, F2, F22, H, H4, H41, H7, J, J6, J61, J68, R, R5
• November 22, 2023

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Wednesday, November 22, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the Saint John Region Chamber of Commerce.

  Content Type(s): Press, Media advisories
• November 22, 2023

  Ending the pain of high inflation

  Remarks Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick

  Bank of Canada Governor Tiff Macklem explains how high inflation is hurting Canadians and how monetary policy is working to bring inflation back to target.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
• November 22, 2023

  Fighting to get back to low inflation

  Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick

  Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability