Uncategorized

• Supporting the Transition to Net-Zero Emissions: The Evolving Role of Central Banks

  Staff Discussion Paper 2023-31 Karen McGuinness

  While climate change was largely tackled by government policies in the past, central banks are increasingly grappling with the risks climate change poses. They are evaluating their operational policies to reflect these risks and the transition to a net-zero economy. This paper explores the trade-offs and considerations central banks face.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Climate change, Financial markets JEL Code(s): D, D5, D53, E, E5, E58, E6, E63, G, G3, G32, Q, Q5, Q54
• December 15, 2023

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Friday, December 15, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the Canadian Club Toronto.

  Content Type(s): Press, Media advisories
• December 15, 2023

  Lessons learned and looking ahead

  Speech summary Tiff Macklem Canadian Club Toronto Toronto, Ontario

  In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts economic analysis and communicates with the public.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Economic models, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy transmission, Price stability
• December 15, 2023

  Bank of Canada announces changes to communications of interest rate decisions

  The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024.

  Content Type(s): Press, Market notices
• December 15, 2023

  The path to price stability

  Remarks Tiff Macklem Canadian Club Toronto Toronto, Ontario

  Governor Tiff Macklem discusses how the economy will continue to adjust to higher interest rates in the year ahead, and outlines what Canadians can expect from the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Economic models, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy transmission, Price stability
• December 15, 2023

  Bank of Canada Media Interview – Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview today to David Parkinson and Mark Rendell of the Globe and Mail.

  Content Type(s): Press, Media advisories
• December 15, 2023

  Bank of Canada Media Interview – BNN Bloomberg

  Tiff Macklem, Governor of the Bank of Canada, gave an interview today to Amanda Lang of BNN Bloomberg.

  Content Type(s): Press, Media advisories
• December 12, 2023

  Case scenarios about point-of-sale terminals

  The following fictional case scenarios provide details about the payment functions: initiation of an electronic funds transfer at the request of an end user; the authorization of an electronic funds transfer; and 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
• December 12, 2023

  Case scenarios about payment accounting software and invoice payment services

  The following fictional case scenarios provide details about the payment functions: provision or maintenance of an account on behalf of an end user; the initiation of an electronic funds transfer at the request of an end user; the provision of clearing and settlement services; as well as examples of incidental activities under the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
• December 12, 2023

  Case scenarios about merchants and the incidental payment function

  The following fictional case scenarios offer examples of providing or maintaining an account payment function as well as examples of incidental activities under the Retail Payment Activities Act.

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