The Role of Convenience and Risk in Consumers' Means of Payment Staff Discussion Paper 2009-8 Carlos Arango, Varya Taylor Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them more frequently. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes JEL Code(s): E, E4, E41, L, L2
December 8, 2003 Past Adjustments and Future Trends in the Canadian Economy Remarks David Dodge London Chamber of Commerce London, Ontario When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again." Content Type(s): Press, Speeches and appearances, Remarks
June 10, 2008 Bank of Canada keeps overnight rate target at 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. Content Type(s): Press, Press releases
August 11, 2009 Bank of Canada Announces the Recipient of its 2009 Law Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the recipient of its 2009 Law Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Press releases
June 18, 2009 Financial System Stability is Key Determinant of Economy's Ability to Rebound from Global Shock, Governor Carney says Media Relations Regina, Saskatchewan Despite the often discussed "green shoots" in the global economy, much hard work remains to be done before a recovery will take hold, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
July 22, 2004 Release of the Monetary Policy Report Opening statement David Dodge Let me start with our outlook for inflation. Higher-than-expected world oil prices mean that total CPI inflation is likely to remain above 2 per cent through the rest of this year, before falling slightly below core inflation in the second half of 2005. Content Type(s): Press, Speeches and appearances, Opening statements
Bank Capital, Agency Costs, and Monetary Policy Staff Working Paper 2004-6 Césaire Meh, Kevin Moran Evidence suggests that banks, like firms, face financial frictions when raising funds. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Financial institutions, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E52, G, G2, G21
July 20, 2006 The Right Policies for Today's Global Economy Remarks David Dodge Brazil-Canada Chamber of Commerce São Paulo, Brazil Canada and Brazil both rely on international trade and foreign investment for economic growth, and both are major producers of commodities. Because we share these attributes, we also share a keen interest in the health of the global economy. Content Type(s): Press, Speeches and appearances, Remarks
July 13, 2006 Release of the Monetary Policy Report Update Opening statement David Dodge Overall, the Bank's outlook for growth and inflation in Canada is largely unchanged from that in its April Monetary Policy Report (MPR). Growth in the first half of 2006 appears to have been a little stronger than projected, and the Canadian dollar has traded in a higher range than was envisaged in the April MPR. Content Type(s): Press, Speeches and appearances, Opening statements
June 29, 2006 What Monetary Policy Can and Cannot Do Remarks Paul Jenkins Canadian Institute of Actuaries Ottawa, Ontario As Canada's central bank, we are committed to conduct monetary policy in a way that fosters confidence in the value of money. This is our primary responsibility. But the Bank has a number of other functions that are very important to economic life in Canada. We promote the safety and soundness of the financial system. Content Type(s): Press, Speeches and appearances, Remarks