Background materials

• September 28, 2022

  Bank of Canada response to detailed review report

  The Bank of Canada thanks the International Monetary Fund (IMF) for undertaking its thorough and thoughtful pilot review of the Bank under the new Central Bank Transparency Code (CBTC). We welcome the publication of this final review report by the IMF Mission Team and the associated recommendations.

  Content Type(s): Background materials
• May 24, 2022

  An Overview of Lynx, Canada’s High-Value Payment System

  This document provides an overview of Lynx—Canada’s high-value payment system—and summarizes the system’s design. It explains the development and purpose of Lynx as well as the legal and regulatory framework governing its operation. It also describes the various settlement mechanisms and processes Lynx uses to allow system participants to meet their diverse payment needs while ensuring that risks that arise in the system are managed appropriately.

  Content Type(s): Background materials Topic(s): Payment clearing and settlement systems
• April 4, 2022

  Backgrounder on the Business Outlook Survey question on firms’ average expected wage increase

  Firms participating in the Business Outlook Survey (BOS) are asked several questions about labour markets. One such question is whether they expect wage growth to increase or decrease over the next 12 months. The responses to this question, combined with related confidential comments, give a picture of the state of wage pressures in the economy. This, along with wage data and several labour market indicators, inform the Bank about labour market conditions.

  Content Type(s): Background materials