Uncategorized

• February 4, 2025

  CFIF Meeting (February 4, 2025)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• February 3, 2025

  Understanding quantitative easing

  QE is a tool that encourages spending and investment—helping us to achieve our inflation target by stabilizing the economy.

  Content Type(s): Explainers Research Topic(s): Inflation targets, Monetary policy
• February 3, 2025

  University of Ottawa crowned National Champion of The Governor’s Challenge

  The Bank of Canada is pleased to announce the University of Ottawa has won the tenth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge
• January 31, 2025

  Reviews and appeals

  This supervisory policy describes the Bank of Canada’s process to conduct reviews, as set out in the RPAA (a “prescribed review”), and outlines what individuals, entities and payment service providers should expect if they request a prescribed review of a retail payments supervision decision.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Enforcement, Registration
• January 31, 2025

  Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility

  As announced on June 11, 2024, the Bank of Canada made Secured General Collateral (SGC) Notes eligible as collateral under the Standing Liquidity Facility (SLF), pending necessary system enhancements.

  Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility
• January 31, 2025

  Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility

  The Bank of Canada (the Bank), through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in Lynx.

  Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility

• High-Cost Consumer Credit: Desperation, Temptation and Default

  Staff Working Paper 2025-6 Joaquín Saldain

  I study the welfare consequences of regulations on high-cost consumer credit in the United States and find that borrowing limits have distributional impacts on households with self-control issues.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Credit and credit aggregates, Financial markets, Interest rates JEL Code(s): E, E2, E7, E71, G, G5, G51

• Anchored Inflation Expectations: What Recent Data Reveal

  Staff Working Paper 2025-5 Olena Kostyshyna, Isabelle Salle, Hung Truong

  We analyze micro-level data from the Canadian Survey of Consumer Expectations through the lens of a heterogeneous-expectations model to study how inflation expectations form over the business cycle. We provide new insights into how households form expectations, documenting that forecasting behaviours, attention and noise in beliefs vary across socio-demographic groups and correlate with views about monetary policy.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices JEL Code(s): D, D8, D84, E, E3, E31, E7, E70
• January 30, 2025

  Award-winning exhibition “Money in 10 Questions: Kids Edition” hits the road across Canada

  The Bank of Canada Museum is thrilled to announce the nationwide tour of its award-winning travelling exhibition, Money in 10 Questions: Kids Edition, kicking off at the Lloydminster Museum + Archives from January 31 to April 27, 2025.

  Content Type(s): Press, Announcements
• January 29, 2025

  Bank of Canada Media Interview – Bloomberg News

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Erik Hertzberg of Bloomberg News.

  Content Type(s): Press, Media advisories