July 29, 2021 Financial Post In an opinion piece published in the Financial Post, Governor Tiff Macklem talks about how the COVID-19 pandemic has affected inflation. Content Type(s): Press, Media activities
July 28, 2021 Bank of Canada appoints Ron Morrow as Executive Director – Retail Payments Supervision Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Ron Morrow as Executive Director – Retail Payments Supervision, effective August 9, 2021. Content Type(s): Press, Press releases Topic(s): Retail payments supervision
July 27, 2021 CFEC Releases Results of April 2021 Foreign Exchange Volume Survey The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2021 semi-annual survey of foreign exchange volumes in Canada. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
July 26, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (August 3-13) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
July 26, 2021 CARR Meeting (July 26, 2021) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
July 26, 2021 Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility The Bank of Canada (the Bank), through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in Lynx. Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility
Cash and COVID-19: The impact of the second wave in Canada Staff Discussion Paper 2021-12 Heng Chen, Walter Engert, Marie-Hélène Felt, Kim Huynh, Gradon Nicholls, Daneal O’Habib, Julia Zhu The COVID-19 pandemic significantly increased the demand for cash. Cash in circulation increased sharply from March through December 2020, particularly in the early months of this period. Although use of electronic methods of payment also increased significantly, cash use for payments remains high for low-value transactions and among certain demographic groups. 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
Tariffs and the Exchange Rate: Evidence from Twitter Staff Working Paper 2021-36 Dmitry Matveev, Francisco Ruge-Murcia Do tariffs affect exchange rates? We look at President Trump’s tweets during talks on the North American Free Trade Agreement and find that anticipation of higher tariffs on imports from Canada and Mexico led to an appreciation of the US dollar relative to Canadian and Mexican currency. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Trade integration JEL Code(s): F, F1, F13, F3, F31
July 21, 2021 Sharon Kozicki appointed as Deputy Governor of the Bank of Canada Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada today announced the appointment of Sharon Kozicki as Deputy Governor, effective August 2, 2021. Content Type(s): Press, Press releases
July 20, 2021 Bank of Canada announces changes to its Standing Liquidity Facility Collateral Policy To provide support for the upcoming introduction of the Lynx payment system, the Bank of Canada is announcing changes to the Standing Liquidity Facility (SLF) Collateral Policy that will be effective July 26, 2021. Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility