Backgrounders
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May 1, 2017 Calculation Methodology for Foreign Exchange Rates Published by the Bank of Canada
As previously announced, the Bank of Canada is changing the way it publishes foreign exchange (FX) rates, effective 1 March 2017. This document describes the selection criteria, calculation methodology and publishing process for the new exchange rates. -
October 24, 2016 Renewal of the Inflation-Control Target - Background Information – October 2016
Commentary and technical data relating to the 2016 target renewal. -
January 15, 2016 Target For The Overnight Rate
Defines this important policy interest rate and describes the role it plays in influencing various market interest rates. -
May 7, 2014 What is E-Money?
Understanding and monitoring e-money products is an important part of the Bank of Canada’s research agenda. -
May 7, 2014 Decentralized E-Money
Decentralized e-money is stored and flows through a peer-to-peer computer network that directly links users, much like chat rooms. No one user controls the network. -
April 29, 2014 Demand for Cash
A core function of the Bank of Canada is to design, produce and distribute banknotes. Over the last few decades, there has been a major shift away from paper-based payment instruments, such as banknotes and cheques, toward electronic means of payment, such as debit cards, credit cards and innovations such as e-money. -
March 3, 2014 Household Spending and Debt
Highlights the value of ‘prudent’ borrowing in enhancing welfare, but also the risks of over-indebtedness for households, the economy and financial stability. Discusses trends in household debt, various debt metrics and why monetary policy is concerned with how households use borrowed funds. -
February 28, 2014 Regulation of the Canadian Financial System
Describes the shared responsibility for the regulation of the Canadian financial system and summarizes the Bank of Canada’s role in the financial system. -
October 17, 2013 Consumer Price Index
Explains this key indicator of inflation. -
September 27, 2013 Large Value Transfer System
Describes this important funds-transfer system and explains the Bank of Canada’s oversight role.