May 6, 2024 Bank of Canada updates progress on new $20 note Media Relations Ottawa, Ontario On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note. Content Type(s): Press, Press releases
May 3, 2024 The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks Media Relations Ottawa, Ontario The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations. Content Type(s): Press, Press releases
April 10, 2024 Bank of Canada Media Interview – The Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of The Globe and Mail. Content Type(s): Press, Media advisories
March 31, 2024 Quarterly Research Update – 2024 Q1 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. Content Type(s): Staff research, Research newsletters
April 10, 2024 Monetary Policy Report – April 2024 Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025. Content Type(s): Publications, Monetary Policy Report
June 24, 2024 CARR Meeting (June 24, 2024) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Demand for Canadian Banknotes from International Travel: Indirect Evidence from the COVID-19 Pandemic Staff Working Paper 2024-23 Hongyu Xiao This study uses the COVID-19 travel restrictions to estimate foreign demand for Canadian banknotes. It reveals that international visitors accounted for about 10% of all $100 CAD notes in circulation pre-pandemic, with each visitor carrying an average of $165 in hundred-dollar bills. Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Central bank research, Coronavirus disease (COVID-19), Financial services, International topics JEL Code(s): E, E4, E41, E42, E5, E58, F, F2, F22
June 13, 2024 Exceptional policies for an exceptional time: From quantitative easing to quantitative tightening Remarks Sharon Kozicki Canadian Association of Business Economics Ottawa, Ontario Deputy Governor Sharon Kozicki discusses the use of exceptional monetary policy tools during the COVID-19 pandemic, as well as the Bank’s commitment to transparency and accountability. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
June 13, 2024 Bank of Canada Media Interview – CBC Radio Sharon Kozicki, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show All in a Day. Content Type(s): Press, Media advisories