Assessing the Impact of Demographic Composition on Productivity Staff Discussion Paper 2025-3 Justin-Damien Guénette, Lin Shao We examine how demographic factors influence potential output, focusing on how the age distribution of the working-age population and the old-age dependency ratio affect aggregate productivity. Following Feyrer (2007), we emphasize that the contribution to aggregate productivity varies by age group, with middle-aged individuals (aged 40 to 49) being the most productive. Content Type(s): Staff research, Staff discussion papers Research Topic(s): International topics, Potential output, Productivity JEL Code(s): J, J1, J11, O, O4, O47, O5, O51
February 28, 2025 Bank of Canada Media Interview – Pickle Planet Podcast Sharon Kozicki, Deputy Governor of the Bank of Canada, spoke to Jenna Morton and Tosh Taylor on the Pickle Planet Podcast. Content Type(s): Press, Media advisories
February 26, 2025 Safeguarding of end-user funds: At a glance This supplementary material is intended to provide an overview of the Safeguarding end-user funds guideline and summarizes a payment service provider’s (PSP) requirements for safeguarding end-user funds. It also includes scope considerations and a list of questions to help PSPs assess and achieve these requirements.
February 26, 2025 Operational risk and incident response: At a glance This supplementary material is intended to provide an overview of the Operational risk and incident response guideline and summarizes a payment service provider’s (PSP) requirements for operational risk and incident response. It also includes scope considerations and a list of questions to help PSPs assess and achieve these requirements.
The new repo tri-party Canadian Collateral Management Service: Benefits to the financial system and to the Bank of Canada Staff Analytical Note 2025-6 Philippe Muller, Maksym Padalko The Canadian Collateral Management Service (CCMS) is a new tri-party collateral management service offered by the TMX Group and Clearstream. CCMS will enhance Canada’s financial infrastructure for securities financing transactions, including for the repurchase, or repo, market that is a core funding market in Canada. We explain the importance of the repo market and describe the benefits of the CCMS for market participants and for the Bank of Canada. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial institutions, Financial markets, Market structure and pricing JEL Code(s): G, G1, G2, G23
February 24, 2025 Remarks by Toni Gravelle, Deputy Governor of the Bank of Canada On Monday, February 24, 2025, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak at the Bank of England Annual Research Conference. Content Type(s): Press, Media advisories
February 21, 2025 Speech by Tiff Macklem, Governor of the Bank of Canada On Friday, February 21, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before the Mississauga Board of Trade-Oakville Chamber of Commerce. Content Type(s): Press, Media advisories
February 21, 2025 Trade conflict: What can the Bank of Canada do? Speech summary Tiff Macklem Mississauga Board of Trade-Oakville Chamber of Commerce Mississauga, Ontario Governor Tiff Macklem discusses how a trade conflict would affect the Canadian economy and monetary policy. He also outlines what the Bank of Canada is focusing on as it renews its monetary policy framework. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Economic models, Housing, Inflation targets, International topics, Monetary policy and uncertainty, Monetary policy framework, Potential output, Productivity, Recent economic and financial developments, Trade integration