Uncategorized

• April 26, 2022

  The Bank of Canada Releases Its Annual Report for 2021

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website.

  Content Type(s): Press, Press releases
• April 26, 2022

  CFIF Meeting (April 26, 2022)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• April 25, 2022

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 25, 2022

  CARR Meeting (April 25, 2022)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• April 22, 2022

  Bank of Canada announces increases to the limit for Securities Repo and Overnight Reverse Repo operations

  Effective April 25, 2022, the maximum total bidding amount across all securities in the Securities Repo Operation (SRO) will increase to $5,000 million for each counterparty.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations, Securities Repo Operations
• April 21, 2022

  CORRA Advisory Group Meeting (April 21, 2022)

  Content Type(s): Meetings Source(s): CORRA Advisory Group

• Bitcoin Awareness, Ownership and Use: 2016–20

  Staff Discussion Paper 2022-10 Daniela Balutel, Marie-Hélène Felt, Gradon Nicholls, Marcel Voia

  In this paper, we examine trends in Canadian ownership of Bitcoin and other cryptocurrencies from 2016 to 2020 using data from surveys conducted by the Bank of Canada.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, E, E4, O, O5, O51

• Uncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic Literature

  Staff Discussion Paper 2022-9 Matteo Cacciatore, Dmitry Matveev, Rodrigo Sekkel

  Central banks face considerable uncertainty when conducting monetary policy. The COVID-19 pandemic brought this issue back to the forefront of policy discussions. We draw from academic literature to review key sources of uncertainty and how they affect the conduct of monetary policy.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Monetary policy and uncertainty, Potential output JEL Code(s): E, E3, E5

• Cash and COVID-19: What happened in 2021

  Staff Discussion Paper 2022-8 Heng Chen, Walter Engert, Kim Huynh, Daneal O’Habib, Joy Wu, Julia Zhu

  Using data from the Bank Note Distribution System and consumer surveys, we find that bank notes in circulation remained high through 2021. Canadians continued to rely on electronic methods of payment, but a significant share also continued using cash for payments.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Central bank research, Coronavirus disease (COVID-19), Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, C9, E, E4, O, O5, O54

• Assessing global potential output growth and the US neutral rate: April 2022

  Staff Analytical Note 2022-4 Kyle Boutilier, Thomas J. Carter, Xin Scott Chen, Eshini Ekanayake, Louis Poirier, Peter Shannon, Akash Uppal, Lin Xiang

  We expect global potential output growth to increase from 2.7% in 2021 to 2.9% by 2024. Compared with the April 2021 assessment, global potential output growth is marginally slower. The current range for the US neutral rate is 2% to 3%, 0.25 percentage points higher than staff’s last assessment.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Interest rates, Monetary policy, Potential output, Productivity JEL Code(s): E, E1, E2, E4, E5, F, F0, O, O4