February 14, 2024 Amendments to registration applications This supervisory policy explains how applicants should proceed when making changes to the information they provided as part of their application to become a registered payment service provider.
February 14, 2024 Reporting of retail payment activity metrics at registration This supervisory policy outlines the retail payment activity metrics that payment service providers must report at registration.
February 14, 2024 How to complete a registration application: A step-by-step guide This supervisory policy aims to help applicants gather the information and documents they need to complete the application form during the initial 15-day registration phase.
February 12, 2024 Reconciliation Action Plan The Bank’s Reconciliation Action Plan will guide the Bank as it continues its Reconciliation journey. In line with our mandate, the draft action plan outlines two interconnected pathways to help us build an equitable and inclusive organizational culture and deepen our understanding of the Indigenous economy.
February 8, 2024 Webpage for Government of Canada purchases of Canada Mortgage Bonds The Bank of Canada is today launching a new webpage with details on the Government of Canada’s purchases of Canada Mortgage Bonds (CMBs). Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
Central Bank Digital Currency and Banking Choices Staff Working Paper 2024-4 Jiaqi Li, Andrew Usher, Yu Zhu To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): E, E5, E50, E58
February 7, 2024 Summary of Governing Council deliberations: Fixed announcement date of January 24, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024. Content Type(s): Publications, Summary of deliberations
February 7, 2024 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 7, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 24, 2024. Content Type(s): Press, Media advisories
The Role of International Financial Integration in Monetary Policy Transmission Staff Working Paper 2024-3 Jing Cynthia Wu, Yinxi Xie, Ji Zhang We propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We study the implications of financial integration on monetary policy transmission. Among various aspects of financial integration, the bond duration plays a major role. These results hold for conventional and unconventional monetary policies. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, International financial markets, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E52, F, F3, F36, F4, F42