Familiarity with Crypto and Financial Concepts: Cryptoasset Owners, Non-Owners, and Gender Differences Staff Working Paper 2024-48 Daniela Balutel, Walter Engert, Christopher Henry, Kim Huynh, Doina Rusu, Marcel Voia Measuring cryptoasset knowledge alongside financial knowledge enhances our understanding of individuals' decisions to purchase cryptoassets. This paper uses microdata from the Bank of Canada’s Bitcoin Omnibus Survey to examine gender differences and the interrelationship between crypto and financial knowledge through an empirical joint analysis. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C8, C81, D, D1, D14, D9, D91, G, G5, G53, O, O5, O51
December 16, 2024 Summary of Comments – Fall 2024 Debt Management Strategy Consultations Today, the Fall 2024 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s 2024 Fall Economic Statement. Content Type(s): Press, Market notices
December 16, 2024 Summary of Comments – Fall 2024 Debt Distribution Framework Review Consultations Today, the Fall 2024 Debt Distribution Framework Review Consultations Summary is being published, following the release of the Government of Canada’s 2024 Fall Economic Statement. Content Type(s): Press, Market notices
December 16, 2024 Speech: Tiff Macklem, Governor 12:35 (PT) / 15:35 (ET) Vancouver, British Columbia Content Type(s): Upcoming events
December 16, 2024 Speech by Tiff Macklem, Governor of the Bank of Canada On Monday, December 16, 2024, Tiff Macklem, Governor of the Bank of Canada, will speak before the Greater Vancouver Board of Trade. Content Type(s): Press, Media advisories
December 16, 2024 Lessons for the future Speech summary Tiff Macklem Greater Vancouver Board of Trade Vancouver, British Columbia In his year-end remarks, Governor Tiff Macklem discusses what the Bank of Canada learned from the pandemic experience and outlines how the Bank is preparing for a more uncertain future. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Economic models, Expectations, Inflation and prices, Inflation targets, International topics, Monetary policy, Monetary policy communications, Monetary policy framework
December 16, 2024 Delivering price stability: Learning from the past, preparing for the future Remarks Tiff Macklem Greater Vancouver Board of Trade Vancouver, British Columbia Governor Tiff Macklem reflects on the lessons learned from the pandemic and its aftermath and outlines how the Bank is preparing for the challenges of the future. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Economic models, Expectations, Inflation and prices, Inflation targets, International topics, Monetary policy, Monetary policy communications, Monetary policy framework
How foreign central banks can affect liquidity in the Government of Canada bond market Staff Analytical Note 2024-26 Patrick Aldridge, Jabir Sandhu, Sofia Tchamova We find that foreign central banks own a large share of Government of Canada (GoC) bonds and tend to hold their positions for longer than other types of asset managers. This buy-and-hold behaviour could offer benefits. For example, foreign central banks may be less likely than other asset managers to sell bonds and add to strains on market liquidity in periods of turmoil. However, foreign central banks’ buy-and-hold behaviour combined with their minimal lending of GoC bonds in securities-financing markets, as observed in our available data, can potentially lower liquidity because fewer GoC bonds are available for others to transact in secondary markets. Indeed, we find that higher levels of foreign central banks’ GoC bond holdings are related to lower liquidity. Content Type(s): Staff research, Staff analytical notes Topic(s): Exchange rates, Financial institutions, Financial markets, Financial stability, Foreign reserves management, International financial markets, Market structure and pricing JEL Code(s): E, E5, E58, F, F3, F30, F31, G, G0, G01, G1, G11, G12, G15, G2, G23
December 12, 2024 Bank of Canada Media Interview – 98,5 FM Nicolas Vincent, Deputy Governor of the Bank of Canada, will give an interview on 98,5 FM’s show Lagacé le matin. Content Type(s): Press, Media advisories