Uncategorized

• December 12, 2023

  Case scenarios about geographic scope

  These fictional case scenarios provide examples of how to apply the geographic scope criteria under the Retail Payment Activities Act when a foreign payment service provider is involved.

  Content Type(s): Retail payments materials, Case scenarios Subject(s): Retail payments, Registration
• December 12, 2023

  Case scenarios about designated payment systems

  These fictional case scenarios provide examples to help differentiate payment functions performed using a designated system under section 7 of the Retail Payment Activities Act (and exempted as a result) from other non-exempted payment functions related to the same transaction.

  Content Type(s): Retail payments materials, Case scenarios Subject(s): Retail payments, Registration
• December 12, 2023

  Case scenarios about agents and mandataries

  These fictional case scenarios illustrate the obligations of registered payment service providers (PSPs) to declare their agents and mandataries. They also describe the situations when agents of exempted PSPs must register with the Bank of Canada.

  Content Type(s): Retail payments materials, Case scenarios Subject(s): Retail payments, Registration
• December 12, 2023

  Case scenarios about affiliated entities

  These fictional case scenarios illustrate what may be considered an affiliated entity, as defined in the Retail Payment Activities Act.

  Content Type(s): Retail payments materials, Case scenarios Subject(s): Retail payments, Registration
• December 11, 2023

  CARR Meeting (December 11, 2023)

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

• Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs

  Staff discussion paper 2023-30 Patrick Aldridge, David Cimon, Rishi Vala

  Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions.

  Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E58, G, G1, G10, G2, G20 Research Theme(s): Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation

• Making It Real: Bringing Research Models into Central Bank Projections

  Staff discussion paper 2023-29 Marc-André Gosselin, Sharon Kozicki

  Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment.

  Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C3, C32, C5, C51, E, E3, E37, E4, E47, E5, E52 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting

• Assessing the effects of higher immigration on the Canadian economy and inflation

  Staff analytical note 2023-17 Julien Champagne, Erik Ens, Xing Guo, Olena Kostyshyna, Alexander Lam, Corinne Luu, Sarah Miller, Patrick Sabourin, Joshua Slive, Temel Taskin, Jaime Trujillo, Shu Lin Wee

  We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): A, A1, A10, E, E2, E20, E3, E31, J, J1, J11, J15 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, Demographics and labour supply
• December 7, 2023

  Economic progress report: Immigration, housing and the outlook for inflation

  Remarks Toni Gravelle Windsor–Essex Regional Chamber of Commerce Windsor, Ontario

  Deputy Governor Toni Gravelle discusses the latest interest rate decision along with how immigration helps Canada’s economy and how it impacts inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
• December 7, 2023

  What population growth means for the economy and inflation

  Speech summary Toni Gravelle Windsor-Essex Regional Chamber of Commerce Windsor, Ontario

  Speaking a day after we decided to hold interest rates steady at 5%, Deputy Governor Toni Gravelle discusses immigration, inflation and the role that newcomers play in helping our economy grow.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework