September 23, 2021 RPAC Meeting (September 23 and 24, 2021) Topics: Registration scope, registration process Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
August 9, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (August 16-27) 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
May 19, 2021 Interim RPAC Meeting (May 19 and 20, 2021) Topics: Future topics of engagements and format of RPAC meetings Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
July 29, 2021 Bank of Canada publishes its 2022 schedule for policy interest rate announcements, the release of the Monetary Policy Report and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2022 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
Exploring the potential benefits of inflation overshooting Staff Analytical Note 2021-16 Robert Amano, Marc-André Gosselin, Kurt See After a period with the interest rate at the effective lower bound, temporarily overshooting inflation may offer important economic benefits. This may be especially true for vulnerable segments of the population, such as workers with low attachment to the labour force and the long-term unemployed. Content Type(s): Staff research, Staff analytical notes Topic(s): Inflation targets, Labour markets, Monetary policy, Monetary policy framework JEL Code(s): E, E3, E31, E5, E52, J, J2, J20
Revisiting the Monetary Sovereignty Rationale for CBDCs Staff Discussion Paper 2021-17 Skylar Brooks One argument for central bank digital currencies (CBDCs) is that without them, private and foreign digital monies could displace domestic currencies, threatening the central bank’s monetary policy and lender of last resort capabilities. I revisit this monetary sovereignty rationale and offer a wider view—one that considers a broader set of currency functions and captures important cross-country variation. Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Digital currencies and fintech, Exchange rate regimes, Financial stability, Monetary policy JEL Code(s): E, E4, E41, E42, E5, E52, E58, H, H1, H12, H6, H63
December 13, 2021 Opening statement by Tiff Macklem Opening statement Tiff Macklem National Press Theatre Ottawa, Ontario Governor Tiff Macklem discusses the renewed monetary policy framework agreed upon by the Government of Canada and the Bank of Canada. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation targets, Monetary policy communications, Monetary policy framework, Monetary policy implementation
November 29, 2021 Opening Statement before the Symposium on Indigenous Economies Opening statement (delivered virtually) Tiff Macklem Symposium on Indigenous Economies Ottawa, Ontario Governor Tiff Macklem speaks about the need for a more inclusive economy and says “taking concrete steps toward economic reconciliation is our responsibility too.” Content Type(s): Press, Speeches and appearances, Opening statements
Bitcoin Adoption and Beliefs in Canada Staff Working Paper 2021-60 Daniela Balutel, Christopher Henry, Jorge Vásquez, Marcel Voia Using an economic model as well as survey data from the Bank of Canada, we study what factors influence the adoption of Bitcoin in Canada. Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Econometric and statistical methods, Economic models JEL Code(s): D, D8, D83, O, O3, O33
November 30, 2021 CFIF Meeting (November 30, 2021) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum