December 12, 2023
Posts
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December 12, 2023
Case scenarios about geographic scope
The following fictional case scenarios provide examples of how to apply the geographic scope criteria under the Retail Payment Activities Act when a foreign payment service provider is involved. -
December 12, 2023
Case scenarios about designated payment systems
The following fictional case scenarios provide examples to help differentiate payment functions performed using a designated system under section 7 of the Retail Payment Activities Act (and exempted as a result) from other non-exempted payment functions related to the same transaction. -
December 12, 2023
Case scenarios about agents and mandataries
The following fictional case scenarios illustrate the obligations of registered payment service providers (PSPs) to declare their agents and mandataries. They also describe the situations when agents of exempted PSPs must register with the Bank of Canada. -
December 12, 2023
Case scenarios about affiliated entities
The following fictional case scenarios illustrate what may be considered an affiliated entity, as defined in the Retail Payment Activities Act. -
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Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs
Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions. -
Making It Real: Bringing Research Models into Central Bank Projections
Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment. -
December 7, 2023
Speech by Toni Gravelle, Deputy Governor of the Bank of Canada
On Thursday, December 7, 2023, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak before the Windsor-Essex Regional Chamber of Commerce. -
Assessing the effects of higher immigration on the Canadian economy and inflation
We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.