Search

The following fictional case scenarios illustrate the types of activities exempted under paragraph 6(a) of the Retail Payment Activities Act.

The following fictional case scenarios provide examples of payment functions, namely the initiation of an electronic funds transfer (EFT) at the request of an end user, and the authorization of an EFT or the transmission, reception or facilitation of an instruction in relation to the EFT. They also provide examples of incidental activities under the Retail Payment Activities Act.

This newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

We use Bayesian predictive decision synthesis to formalize monetary policy decision-making. We develop a case-study of monetary policy decision-making of an inflation-targeting central bank using multiple models in a manner that considers decision goals, expectations and outcomes.

The Bank’s operations play a crucial role in enabling our work on behalf of Canada’s economy and financial system. Moving forward, we must be nimble in our decision-making and work efficiently to fulfill our mandate. At the same time, it is critical that we maintain the continuity of our operations while safeguarding against potential disruptions and threats. We must also ensure we have timely, relevant data at our fingertips to advance the opportunities that matter most to Canadians.

Accelerating and often disruptive, change calls for new ways of exploring ideas and solving problems. From the perspective of a central bank, this means exploring the potential of transformative technologies to change how we think and work. It also means leveraging the most advanced tools to draw novel insights from data. Meanwhile, we’ll use our leadership and expertise to ensure Canadian households and businesses can continue to participate in our economy with the utmost confidence in our bank notes and payments systems.

To be a leading central bank, we must work beyond our own walls—taking a big-picture view as we move our priorities forward. That means ensuring our messages reach the people we are working for so that they better understand what we do and how it affects their own plans and choices. As we nurture relationships with the Bank’s domestic and international partners, we will focus on areas where we can lead, leveraging our strengths to collaborate and promote greater economic and financial stability for Canadians.

The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken during the COVID-19 pandemic.