Posts

• December 7, 2023

  What population growth means for the economy and inflation

  Speech summary Toni Gravelle Windsor-Essex Regional Chamber of Commerce Windsor, Ontario

  Speaking a day after we decided to hold interest rates steady at 5%, Deputy Governor Toni Gravelle discusses immigration, inflation and the role that newcomers play in helping our economy grow.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Domestic demand and components, Housing, Inflation and prices, Interest rates, Labour markets, Monetary policy, Potential output, Price stability, Recent economic and financial developments
• December 6, 2023

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• December 6, 2023

  Bank of Canada Interest Rate Announcement

  On Wednesday, December 6, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

  Content Type(s): Press, Media advisories
• 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