Posts

• Estimating the Portfolio-Balance Effects of the Bank of Canada’s Government of Canada Bond Purchase Program

  Staff Working Paper 2024-34 Antonio Diez de los Rios

  Using a novel dynamic portfolio balance model of the yield curve for Government of Canada bonds, I find that the Bank of Canada’s Government of Canada Bond Purchase Program reduced Canadian 10-year and 5-year zero-coupon yields by 84 and 52 basis points, respectively.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Central bank research, Coronavirus disease (COVID-19), Interest rates, Monetary policy JEL Code(s): E, E4, E43, E5, E52, G, G1, G12, H, H6, H63

• Evaluating the portfolio balance effects of the Government of Canada Bond Purchase Program on the Canadian yield curve

  Staff Analytical Note 2024-22 Antonio Diez de los Rios

  The Bank of Canada’s Government of Canada Bond Purchase Program, launched in response to the COVID-19 pandemic, lowered the weighted average maturity of the Government of Canada’s debt by approximately 1.4 years. This in turn reduced Canadian 10-year and 5-year zero-coupon yields by 84 and 52 basis points, respectively.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Asset pricing, Central bank research, Coronavirus disease (COVID-19), Interest rates, Monetary policy JEL Code(s): E, E4, E43, E5, E52, G, G1, G12, H, H6, H63

• Digital Payments: A Framework for Inclusive Design

  Staff Discussion Paper 2024-15 Sebastian Hernandez, Alexandra Sutton-Lalani, John Miedema, Virginie Cobigo, Fatoumata Bah, Munazza Tahir, Danika Lévesque, Badr Omrane

  We propose a framework for designing cognitively accessible payment and banking interfaces through design guidelines, testing and proposed measures to optimize system learnability and user workload. We include, as a case study, the results of testing this framework with users with cognitive disabilities, using a prototype system for voice payments.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Accessibility, Bank notes, Central bank research, Digital currencies and fintech, Digitalization, Financial services
• October 3, 2024

  Bank of Canada Board launches process to appoint additional external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada has initiated a recruitment process to fill a new external Deputy Governor position. The Board has formed a selection committee to spearhead the selection process and has retained recruitment firm Boyden to assist with the open external search process.

  Content Type(s): Press, Press releases
• October 3, 2024

  CFIF Meeting (October 3, 2024)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• October 2, 2024

  Case scenarios about providers of services backed by cryptocurrencies

  These fictional case scenarios provide more details about the following payment functions performed in relation to cryptocurrencies: provision or maintenance of an account; holding of funds on behalf of an end user; initiation of an electronic funds transfer at the request of an end user; authorization of an electronic funds transfer or the transmission, reception or facilitation of an instruction in relation to an electronic funds transfer.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
• October 2, 2024

  Case scenarios about marketplaces

  The following fictional case scenarios provide examples of payment functions that are, and are not, incidental to a marketplace. These include the provision and maintenance of an account; the holding of funds on behalf of an end user; and authorization of an electronic funds transfer and the transmission, facilitation or reception of an instruction in relation to an electronic funds transfer.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
• October 2, 2024

  Case scenarios about lending

  The following fictional case scenarios provide examples of payment functions that are, and are not, incidental to a consumer lending business.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
• October 2, 2024

  Case scenarios about holding funds

  The following fictional case scenarios provide examples to help providers identify whether they perform the payment function of holding funds.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
• October 2, 2024

  Case scenarios about cloud computing

  The following fictional case scenarios provide more detail about performing the following payment functions: initiation of an electronic funds transfer (EFT) and the authorization of an EFT or the reception, transmission, reception or facilitation of an instruction in relation to an EFT.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration