Uncategorized

• December 12, 2023

  Case scenarios about merchant or group of merchants instrument exclusion

  The following fictional case scenarios illustrate the types of activities exempted under paragraph 6(a) of the Retail Payment Activities Act.

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

  Case scenarios about geographic scope

  The following fictional case scenarios provide examples of how to apply the geographic scope criteria under the Retail Payment Activities Act when a foreign payment service provider is involved.

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

  Case scenarios about designated payment systems

  The following fictional case scenarios provide examples to help differentiate payment functions performed using a designated system under section 7 of the Retail Payment Activities Act (and exempted as a result) from other non-exempted payment functions related to the same transaction.

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

  Case scenarios about agents and mandataries

  The following fictional case scenarios illustrate the obligations of registered payment service providers (PSPs) to declare their agents and mandataries. They also describe the situations when agents of exempted PSPs must register with the Bank of Canada.

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

  Case scenarios about affiliated entities

  The following fictional case scenarios illustrate what may be considered an affiliated entity, as defined in the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
• December 11, 2023

  CARR Meeting (December 11, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs

  Staff Discussion Paper 2023-30 Patrick Aldridge, David Cimon, Rishi Vala

  Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Financial institutions, Financial markets, Financial stability, Lender of last resort JEL Code(s): E, E5, E58, G, G1, G10, G2, G20

• Making It Real: Bringing Research Models into Central Bank Projections

  Staff Discussion Paper 2023-29 Marc-André Gosselin, Sharon Kozicki

  Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Monetary policy JEL Code(s): C, C3, C32, C5, C51, E, E3, E37, E4, E47, E5, E52
• December 7, 2023

  Speech by Toni Gravelle, Deputy Governor of the Bank of Canada

  On Thursday, December 7, 2023, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak before the Windsor-Essex Regional Chamber of Commerce.

  Content Type(s): Press, Media advisories

• Assessing the effects of higher immigration on the Canadian economy and inflation

  Staff Analytical Note 2023-17 Julien Champagne, Erik Ens, Xing Guo, Olena Kostyshyna, Alexander Lam, Corinne Luu, Sarah Miller, Patrick Sabourin, Joshua Slive, Temel Taskin, Jaime Trujillo, Shu Lin Wee

  We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Domestic demand and components, Housing, Inflation and prices, Labour markets, Potential output, Recent economic and financial developments JEL Code(s): A, A1, A10, E, E2, E20, E3, E31, J, J1, J11, J15