Uncategorized

• December 12, 2024

  Bank of Canada Media Interview – 98,5 FM

  Nicolas Vincent, Deputy Governor of the Bank of Canada, will give an interview on 98,5 FM’s show Lagacé le matin.

  Content Type(s): Press, Media advisories
• December 12, 2024

  Safeguarding end-user funds

  This supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act meet their obligations related to safeguarding end-user funds.

  Content Type(s): Retail payments supervision materials, Supervisory guidelines Research Topic(s): Supervision
• December 11, 2024

  Bank of Canada Media Interview – The Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.

  Content Type(s): Press, Media advisories
• December 11, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• December 11, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, December 11, 2024, 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
• December 11, 2024

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 2, 2024

  Bank of Canada publishes applicants’ list of retail payment service providers

  Media Relations Ottawa, Ontario

  The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).

  Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision

• The (Mis)Allocation of Corporate News

  Staff Working Paper 2024-47 Xing Guo, Alistair Macaulay, Wenting Song

  We study how the distribution of information supply by the news media affects the macroeconomy. We find that media coverage focuses particularly on the largest firms, and that firms’ equity financing and investment increase after media coverage. But these equity and investment responses are largest among small, rarely covered firms. Our quantitative studies highlight that the aggregate effects of media coverage depend crucially on how that coverage is allocated.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, Firm dynamics JEL Code(s): D, D2, D22, D6, D61, L, L1, L11, L2, L20
• November 27, 2024

  Learning more about Indigenous economies

  

  Indigenous businesses make a valuable contribution to Canada’s economy, but we still have much to learn about what makes them distinct.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Inflation and prices
• November 26, 2024

  Island Morning, CBC Radio

  

  Rhys Mendes, Deputy Governor of the Bank
  Interview with the Island Morning on CBC Radio

  Content Type(s): Press, Media activities