Service sector

• Exchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence

  Staff Working Paper 2019-34 Alex Chernoff, Patrick Alexander

  We develop a model with firm heterogeneity in importing and cross-border shopping among consumers. Exchange-rate appreciations lower the cost of imported goods, but also lead to more cross-border shopping; hence, the net impact on aggregate retail prices and sales is ambiguous.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, International topics, Service sector JEL Code(s): F, F1, F10, F14, L, L8, L81
• April 8, 2019

  Why Do Central Banks Care About Market Power?

  Presentation Carolyn A. Wilkins G7 conference hosted by Banque de France Paris, France

  Senior Deputy Governor Carolyn A. Wilkins discusses how the competitive landscape and digitalization affect monetary policy and why central banks care about market power.

  Content Type(s): Press, Speeches and appearances, Presentations Topic(s): Firm dynamics, Inflation and prices, Labour markets, Market structure and pricing, Monetary policy transmission, Potential output, Productivity, Service sector
• April 1, 2019

  Poloz talks trade: Canada’s services a bright spot

  Speech summary Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut

  Stephen S. Poloz, Governor of the Bank of Canada, will speak before the Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): International topics, Labour markets, Service sector, Trade integration
• April 1, 2019

  Turbulent Times for Trade

  Remarks Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut

  Governor Poloz talks about slowing international trade and how Canada’s rapidly growing services industries can help drive exports and growth.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): International topics, Labour markets, Service sector, Trade integration
• January 31, 2019

  A Look Under the Hood of Canada’s Job Market

  Remarks Carolyn A. Wilkins Toronto Region Board of Trade Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses developments in the Canadian labour market and factors that may help explain why wage growth is slower than expected.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, Labour markets, Productivity, Regional economic developments, Service sector
• October 16, 2018

  Navigating digital disruption and the economy

  

  Eric Santor

  Technology can enhance efficiency and help create new jobs, but challenges like automation's impact on employment also need careful consideration and proactive solutions.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Central bank research, Digital currencies and fintech, Digitalization, Economic models, Labour markets, Market structure and pricing, Productivity, Recent economic and financial developments, Service sector

• Blockchain Revolution Without the Blockchain

  Staff Analytical Note 2018-5 Hanna Halaburda

  The technology behind blockchain has attracted a lot of attention. However, this technology is for the most part not well understood. There is no consensus on what benefits it may bring or on how it may fail.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Digital currencies and fintech, Recent economic and financial developments, Service sector JEL Code(s): D, D8, G, G2, O, O3, O33

• Digital Transformation in the Service Sector: Insights from Consultations with Firms in Wholesale, Retail and Logistics

  Staff Analytical Note 2017-19 Wei Dong, James Fudurich, Lena Suchanek

  Firms increasingly rely on digital technologies such as e-commerce, cloud computing, big data, digital tracking and digital platforms that are reshaping business operations, business models and market structures. In this context, the Bank of Canada consulted with firms in wholesale, retail and logistics, as well as with related industry associations to yield insights on the adoption of digital technologies.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Firm dynamics, Inflation and prices, Service sector JEL Code(s): D, D2, D22, E, E3, E31, L, L8, L81, L9, L92, O, O3, O33
• November 28, 2016

  From Hewers of Wood to Hewers of Code: Canada’s Expanding Service Economy

  Remarks Stephen S. Poloz C.D. Howe Institute Toronto, Ontario

  Governor Stephen S. Poloz discusses how growth in Canada’s service sector is leading to high-paying jobs and helping complete the economic recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Economic models, Firm dynamics, Productivity, Recent economic and financial developments, Service sector

• The Digital Economy—Insight from a Special Survey with IT Service Exporters

  Staff Discussion Paper 2016-21 Wei Dong, James Fudurich, Lena Suchanek

  Information technology (IT) is an increasingly integral part of everyday business and personal life reflecting the ongoing and accelerating digital transformation of the economy. In this paper, we present information gathered from a survey with export-oriented firms in the Canadian IT service industry and consultations with industry associations aimed at shedding light on this small but highly dynamic sector.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Firm dynamics, Service sector JEL Code(s): D, D2, D22, L, L8, L86, O, O3, O33