Posts

• February 26, 2024

  CARR Meeting (February 26, 2024)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• How changes in the share of constrained households affect the effectiveness of monetary policy

  Staff Analytical Note 2024-3 Felipe Alves, Sushant Acharya

  We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Monetary policy transmission JEL Code(s): E, E2, E21, E4, E40, E5, E50
• February 21, 2024

  Safeguarding end-user funds

  This draft supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act meet their obligations related to safeguarding end-user funds.

  Content Type(s): Retail payments supervision materials, Supervisory guidelines Topic(s): Supervision

• How Do Agents Form Macroeconomic Expectations? Evidence from Inflation Uncertainty

  Staff Working Paper 2024-5 Tao Wang

  The uncertainty regarding inflation that is observed in density forecasts of households and professionals helps macroeconomists understand the formation mechanism of inflation expectations. Shocks to inflation take time to be perceived by all agents in the economy, and such rigidity is lower in a high-inflation environment.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy and uncertainty JEL Code(s): D, D8, D84, E, E3, E31, E7, E71
• February 14, 2024

  Start date for the morning auction of Receiver General cash balances

  The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, previously announced the government’s intention to reintroduce morning auctions of Receiver General (RG) cash balances. Today, the Bank is announcing that RG auctions will commence on February 21st, 2024, and be conducted daily at 9:15 am.

  Content Type(s): Press, Market notices
• February 14, 2024

  Panel participation by Rhys R. Mendes, Deputy Governor of the Bank of Canada

  On Wednesday, February 14, 2024, Rhys R. Mendes, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the Lazaridis School of Business & Economics at Wilfrid Laurier University.

  Content Type(s): Press, Media advisories
• 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