May 20, 2021 Financial System Review—2021 A stable and efficient financial system is essential for sustaining economic growth and raising living standards. In our Financial System Review, we identify the main vulnerabilities and risks in the financial system in Canada and explain how they have evolved over the past year. Content Type(s): Publications, Financial Stability Report
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
May 19, 2021 Understanding the consumer price index The consumer price index (CPI) tracks how much the average Canadian household spends, and how that changes over time. At the Bank of Canada, we use it to target inflation. Content Type(s): Explainers Topic(s): Inflation and prices, Inflation targets
An Empirical Analysis of Bill Payment Choices Staff Working Paper 2021-23 Anneke Kosse How do Canadians pay their bills? 2019 survey data collected from over 4,000 Canadian consumers show how people’s bill payment choices vary with consumer characteristics and types of bills. The data also reveal that many consumers feel limited in their choices, which suggests that preferences of billers might play an important role as well. Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Econometric and statistical methods, Financial services, Payment clearing and settlement systems JEL Code(s): D, D1, D9, G, G2
May 17, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (May 24-June 4) 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 17, 2021 4th Bank of Canada FSRC Macro-Finance Conference Conference held on May 17 and 18, 2021. Content Type(s): Conferences and workshops
Evolving Temperature Dynamics in Canada: Preliminary Evidence Based on 60 Years of Data Staff Working Paper 2021-22 Robert Amano, Marc-André Gosselin, Julien McDonald-Guimond Are summers getting hotter? Do daily temperatures change more than they used to? Using daily Canadian temperature data from 1960 to 2020 and modern econometric methods, we provide economists and policy-makers evidence on the important climate change issue of evolving temperatures. Content Type(s): Staff research, Staff working papers Topic(s): Climate change, Econometric and statistical methods JEL Code(s): C, C2, C22, Q, Q5, Q54
May 17, 2021 Financial System Survey highlights—Spring 2021 This article presents the key results from the spring 2021 Bank of Canada Financial System Survey, conducted from February 22 to March 12, 2021. The survey included a special section on commercial real estate. Content Type(s): Publications, Financial System Survey
May 13, 2021 Including everyone helps all of us Speech summary Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output