October 16, 2024 Operational risk and incident response This supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act comply with their obligations related to the identification and mitigation of their operational risks as well as their response to incidents. Content Type(s): Retail payments supervision materials, Supervisory guidelines Topic(s): Supervision
October 11, 2024 Business Outlook Survey—Third Quarter of 2024 Results from the Business Outlook Survey and the Business Leaders’ Pulse show that inflationary pressures continue to ease. Firms feel appropriately equipped to meet current and anticipated soft demand. Their investment and hiring plans are therefore modest. Expectations for growth in wages, input costs and selling prices have continued to normalize as inflation has come down. Content Type(s): Publications, Business Outlook Survey
October 11, 2024 The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations On Friday, October 11, 2024, the Bank of Canada will release the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations. Content Type(s): Press, Media advisories
October 11, 2024 Canadian Survey of Consumer Expectations—Third Quarter of 2024 Consumers’ perceptions of current inflation and their expectations for inflation over the next year have declined this quarter, although they remain higher than they were before the COVID‑19 pandemic. Perceptions of financial stress have improved. And, given recent interest rate cuts and lower inflation, fewer consumers reported reducing their spending. However, consumers expect interest rates to remain elevated, which is affecting their spending decisions. Perceptions of the labour market have weakened further, with young consumers reporting a more pronounced deterioration than others. Still, overall, job prospects are close to survey averages. Content Type(s): Publications, Canadian Survey of Consumer Expectations
October 10, 2024 Bank of Canada to begin publishing web-based Monetary Policy Report The Bank of Canada will begin releasing its Monetary Policy Report (MPR) as an interactive, web-based publication on October 23, 2024. Content Type(s): Press, Announcements
October 10, 2024 Bank of Canada Media Interview – Red Deer Advocate Bank of Canada Deputy Governor Toni Gravelle gave an interview to the Red Deer Advocate. Content Type(s): Press, Media advisories
October 10, 2024 Bank of Canada Media Interview – rdnewsNOW Bank of Canada Deputy Governor Toni Gravelle gave an interview to rdnewsNOW.com. Content Type(s): Press, Media advisories
An Anatomy of Firms’ Political Speech Staff Working Paper 2024-37 Pablo Ottonello, Wenting Song, Sebastian Sotelo We study the distribution of political speech across U.S. firms. We develop a measure of political engagement based on firms’ communications (earning calls, regulatory filings, and social media) by training a large language model to identify statements that contain political opinions. Using these data, we document five facts about firms’ political engagement. Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Market structure and pricing, Recent economic and financial developments JEL Code(s): D, D2, D22, D6, D63, G, G4, G41, L, L1, L11, L2, L20
October 8, 2024 BATVN publishes an overview of the Canadian repo market Today, the Bankers’ Acceptance Transition Virtual Network (BATVN), established by the Canadian Fixed-Income Forum (CFIF) to support the transition away from BAs, published an overview of the Canadian repo market. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum, Collateral Infrastructure and Market Practices Advisory Group