August 21, 2024 Case scenarios about e-commerce web building tools and payment gateways 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.
August 21, 2024 Case scenarios about remittance service providers The following fictional case scenarios provide examples to help providers identify whether they perform the holding funds payment function, especially in the context of cross-border remittances.
August 21, 2024 Case scenarios about securities exclusion The following fictional case scenarios illustrate the application of the securities exclusion in paragraph 6(b) of the Retail Payment Activities Act.
August 21, 2024 Acquisitions of control and prescribed changes This supervisory policy explains how a registered payment service provider (PSP) should assess whether it will be the subject of a planned acquisition of control or a prescribed change.
Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge Staff Working Paper 2024-31 Alberto Cavallo, Oleksiy Kryvtsov We study how price variation within a store changes with inflation, and whether households exploit these changes to reduce the burden of inflation. We find that price changes from discounts mitigated the inflation burden while cheapflation exacerbated it. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Inflation: costs and benefits, Market structure and pricing JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81
Decision Synthesis in Monetary Policy Staff Working Paper 2024-30 Tony Chernis, Gary Koop, Emily Tallman, Mike West 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. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Economic models, Monetary policy JEL Code(s): C, C1, C11, C3, C32, C5, C53
August 15, 2024 Canadian Foreign Exchange Committee CFEC is a senior level industry-wide committee to facilitate the sharing of information between market participants and the Bank on the foreign exchange market.
August 15, 2024 Canadian Foreign Exchange Committee: Document of Objectives and Organization The Canadian Foreign Exchange Committee (CFEC) was founded in 1989 to provide a forum for the regular discussion of issues and developments pertinent to the foreign exchange market, including the review of market practices and procedures.