January 30, 2003
Staff research, Publications
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January 23, 2003
Monetary Policy Report Update – January 2003
At the time of the October Monetary Policy Report, the Bank projected that core inflation would rise in the fourth quarter of 2002, reflecting a combination of one-off factors - including the rise in insurance premiums - and the “echo effect” from developments towards the end of 2001. -
January 21, 2003
Bank of Canada Review - Winter 2002-2003
Cover page
A Nineteenth-Century Court Case
The note and court document shown on the cover form part of the National Currency Collection, Bank of Canada.
Photographed by Gord Carter, Ottawa
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December 23, 2002
Systemic Risk, Designation, and the ACSS
This report discusses the decision not to designate the Automated Clearing Settlement System as a systemically important system, as well as some of the research contributing to that decision. -
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December 23, 2002
Financial System Review - December 2002
The financial system, which consists of financial institutions, financial markets, and clearing and settlement systems, lays an important role in a nation’s economy. Sound and efficientfinancial systems can make a significant contribution to economic growth. -
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December 22, 2002
Recent Changes to Canada's Financial Sector Legislation
Significant legislative developments have occurred in Canada's financial services sector over the past decade. This article chronicles those developments and gives an overview of the key provisions contained in Bill C–8, the legislation to reform the sector that came into force in October 2001. The article briefly describes some of the restructuring trends in the financial services sector since the early 1990s and the legislative changes that affected federal financial institutions over the period 1992–2001, as well as the process leading up to the 2001 legislation and some of its key provisions. The 2001 financial sector legislation was wide-ranging. It maintained the principle of wide ownership of large banks and introduced a number of changes, including a holding company option that can give greater organizational flexibility to banks and life insurance companies; the creation of the Financial Consumer Agency of Canada to enforce consumer-related provisions as they relate to federal financial institutions; and changes to the Canadian Payments Association and the access to and governance of the payments system.