May 11, 2022
Posts
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Nowcasting Canadian GDP with Density Combinations
We present a tool for creating density nowcasts for Canadian real GDP growth. We demonstrate that the combined densities are a reliable and accurate tool for assessing the state of the economy and risks to the outlook. -
Resilience of bank liquidity ratios in the presence of a central bank digital currency
Could Canadian banks continue to meet their regulatory liquidity requirements after the introduction of a cash-like retail central bank digital currency (CBDC)? We conduct a hypothetical exercise to estimate how a CBDC could affect bank liquidity by increasing the run-off rates of transactional retail deposits under four increasingly severe scenarios. -
May 5, 2022
Supporting Indigenous prosperity
In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion and opportunity for Indigenous peoples. -
May 5, 2022
Bank of Canada Media Interview – APTN
Lawrence Schembri, Deputy Governor of the Bank of Canada, spoke to Dennis Ward of APTN. Please check local listings or go to https://aptnnews.ca/ for more information. -
More Than Words: Fed Chairs’ Communication During Congressional Testimonies
We measure soft information contained in the congressional testimonies of U.S. Federal Reserve Chairs and analyze its effect on financial markets. Increases in the Chair’s text-, voice-, or face-emotion indices during these testimonies generally raise stock prices and lower their volatility. -
May 5, 2022
Economic reconciliation: Supporting a return to Indigenous prosperity
Bank of Canada Deputy Governor Lawrence Schembri discusses economic reconciliation with Indigenous peoples. -
May 5, 2022
Speech by Lawrence Schembri, Deputy Governor of the Bank of Canada
On Thursday, May 5, 2022, Lawrence Schembri, Deputy Governor of the Bank of Canada, will speak before the National Aboriginal Capital Corporations Association (NACCA). -
May 3, 2022
Bank of Canada Media Interview – Financial Post
Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, gave an interview to the Financial Post. The story will appear both online and in print. For more information: financialpost.com. -
Identifying Financially Remote First Nations Reserves
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an automated banking machine (ABM) or financial institution (FI) branch and more than half are within 5 km.