Posts

• December 19, 2022

  Overnight Repo Operations: Terms and conditions

  Terms and Conditions Operation details Overnight Repo and Overnight Reverse Repo operations are offered to eligible participants at the Bank of Canada’s discretion to reinforce the target for the overnight rate.
• December 19, 2022

  Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations

  Effective Monday, December 19, 2022, limits for Overnight Repo (OR) operations will increase to $1 billion for each eligible participant.

  Content Type(s): Press, Market notices Source(s): Overnight repo operations

• The Relative Benefits and Risks of Stablecoins as a Means of Payment: A Case Study Perspective

  Staff Discussion Paper 2022-21 Annetta Ho, Sriram Darbha, Yuliya Gorelkina, Alejandro García

  Our paper contributes to the discussion about the utility of stablecoins for retail payments through an objective, evidence-based approach that compares stablecoins with traditional retail payment methods. The paper also provides insights that could be useful in the design of central bank digital currencies.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): D, D7, D78, O, O3, O38
• December 16, 2022

  Bank notes: Backgrounders and explainers

  Get quick access to background materials, explainers and The Economy, Plain and Simple articles about bank notes.
• December 15, 2022

  CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update

  The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• December 15, 2022

  News

  Find news by keyword, author, content type, location, source, topic or publication date.
• December 14, 2022

  Anti-money laundering and anti-terrorist financing controls framework

  The Bank of Canada is committed to supporting a secure, stable and resilient financial system infrastructure. This includes applying a risk-based approach to detect and deter the use of the Bank’s services and delivery channels for illegal purposes.

• Understanding Post-COVID Inflation Dynamics

  Staff Working Paper 2022-50 Martin Harding, Jesper Lindé, Mathias Trabandt

  We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. Our model can generate more sizable inflation surges due to cost-push and demand shocks than a standard linearized model when inflation is high.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Central bank research, Coronavirus disease (COVID-19), Economic models, Inflation and prices, Inflation: costs and benefits, Monetary policy, Monetary policy implementation JEL Code(s): E, E3, E30, E31, E32, E37, E4, E44, E5, E52
• December 12, 2022

  Putting the resolute in resolutions: Looking ahead to lower inflation

  Remarks Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

  Bank of Canada Governor Tiff Macklem discusses the important lessons from 2022 and explains what the Bank is doing to restore price stability for Canadians.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Interest rates, International topics, Monetary policy, Recent economic and financial developments
• December 12, 2022

  Reflections on 2022

  Speech summary Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

  Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Interest rates, International topics, Monetary policy, Recent economic and financial developments