October 16, 2023
Posts
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Decentralized finance: Innovations and challenges
Decentralized finance surged in popularity around 2020. We explore its value and limitations and highlight some potential regulatory concerns. -
October 16, 2023
The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations
On Monday, October 16, 2023, the Bank of Canada will release the third quarter issue of the Business Outlook Survey and the Canadian Survey of Consumer Expectations. -
October 16, 2023
Business Outlook Survey—Third Quarter of 2023
Results from the Business Outlook Survey for the third quarter of 2023, along with those from the July, August and September 2023 Business Leaders’ Pulse surveys suggest that on balance, firms are still planning to make larger and more frequent price increases than they did before the COVID-19 pandemic. Further, businesses' outlook for demand has continued to weaken as higher interest rates impact the economy. -
October 16, 2023
Canadian Survey of Consumer Expectations—Third Quarter of 2023
Consumers’ perceptions of current inflation remain elevated and are diverging from actual inflation. Perceptions of high inflation are also leading to persistently high expectations for inflation over the next 12 months. Consumers’ expectations for interest rates one year from now also remain high, and many consumers believe that the impacts of higher interest rates on their household spending are far from over. Homeowners with a variable-rate mortgage are more likely than other consumers to report being worse off due to high interest rates. Consumers’ plans to purchase services, such as vacations or concerts, are more widespread than plans to make major purchases of goods that are likely to be financed with loans, such as vehicles or appliances. Workers are reporting signs of job market cooling, such as more time spent looking for a new job, but they remain confident about the labour market. -
October 13, 2023
Bank of Canada designates additional prominent payment systems
Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System, and Interac Corp.’s Inter-Member Network as prominent payment systems under the Payment Clearing and Settlement Act, effective October 16, 2023. -
Estimating the Appropriate Quantity of Settlement Balances in a Floor System
This paper presents two complementary approaches to estimating the appropriate quantity of settlement balances needed to effectively operate monetary policy under a floor system in Canada. -
An Overview of Indigenous Economies Within Canada
Several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades. Yet, institutional settings and gaps in infrastructure and financing continue to hinder their economic progress. Recent efforts have helped address some data gaps, and new institutions are helping Indigenous communities to overcome historic barriers to growth. -
Variations in Pass-Through from Global Agricultural Commodity Prices to Domestic Food Inflation
This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation. -
October 13, 2023
Media roundtable with Governor Macklem
As is customary, Tiff Macklem, Governor of the Bank of Canada, will today hold a virtual roundtable with journalists from the sidelines of the IMF meetings in Marrakech, Morocco.