October 9, 2020 Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements Media Relations Ottawa, Ontario This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
October 8, 2020 COVID‑19 and the financial system Speech summary Tiff Macklem Global Risk Institute Toronto, Ontario Governor Tiff Macklem discusses financial risks from the COVID-19 pandemic that are affecting our economy and that could shape how well it recovers. He also talks about financial risks from climate change. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy
October 8, 2020 From COVID to climate—the importance of risk management Remarks (delivered virtually) Tiff Macklem The Global Risk Institute Toronto, Ontario Governor Tiff Macklem discusses the importance of financial risk management as Canada recovers from the pandemic, and as it deals with issues like climate change. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy
October 7, 2020 Learning and earning Youngmin Park, Gabriela Galassi, Natalia Kyui The payoffs of higher education Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Labour markets, Potential output, Productivity
October 6, 2020 Corporate Bond Purchase Program expanded to buy-side participants In May, the Bank of Canada introduced a Corporate Bond Purchase Program (CBPP) to support the liquidity and proper functioning of the corporate debt market. Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program
October 6, 2020 CORRA Advisory Group Meeting (October 6, 2020) Content Type(s): Meetings Source(s): CORRA Advisory Group
October 5, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (October 13-23) 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
Security and convenience of a central bank digital currency Staff Analytical Note 2020-21 Charles M. Kahn, Francisco Rivadeneyra An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. These risks arise from how balances are aggregated, from their transactional use and from the competition between suppliers of aggregation solutions. Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Digital currencies and fintech, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, G, G2, G21