September 8, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (September 14-25) 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
September 9, 2020 Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Content Type(s): Press, Press releases
September 2, 2020 Retail Payments Advisory Committee: Terms of Reference Learn about the Retail Payments Advisory Committee (RPAC) mandate, its membership and proceedings.
2019 Cash Alternative Survey Results Staff Discussion Paper 2020-8 Kim Huynh, Gradon Nicholls, Mitchell Nicholson The role of cash in Canadians’ lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. We contribute to the Bank of Canada’s research on central bank digital currency by monitoring Canadians’ use of cash and their adoption of digital payment methods. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes, Central bank research, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, C9, E, E4, O, O5, O51
August 20, 2020 The Great Reset Presentation (delivered virtually) Paul Beaudry University of Victoria Victoria, British Columbia Deputy Governor Paul Beaudry speaks about Canada's transition to a lower-carbon economy in a virtual panel organized by the Victoria Forum. Content Type(s): Press, Speeches and appearances, Presentations Research Topic(s): Climate change
August 24, 2020 Bank of Canada launches public consultation on inflation targeting Media Relations Ottawa, Ontario The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021. Content Type(s): Press, Press releases
September 30, 2020 Interim RPAC Meeting (September 30, 2020) Topic: Significant changes and incidents Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
November 3, 2020 Changes to the Frequency of Government of Canada Treasury Bills auctions The Bank of Canada, acting as fiscal agent of the Government of Canada, and the Department of Finance are announcing a change to the frequency of Treasury Bill auctions to help manage the Government of Canada’s current large cash holdings. Content Type(s): Press, Market notices