Posts

• September 4, 2024

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• August 27, 2024

  How high productivity helps fight inflation

  

  Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Inflation and prices, Productivity
• August 22, 2024

  Quarterly Financial Report - Second Quarter 2024

  Quarterly Financial Report - Second Quarter 2024 - For the period ended June 30, 2024, unaudited

  Content Type(s): Publications, Quarterly Financial Report
• August 21, 2024

  Case scenarios about securities exclusion

  The following fictional case scenarios illustrate the application of the securities exclusion in paragraph 6(b) of the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• August 21, 2024

  Case scenarios about remittance service providers

  The following fictional case scenarios provide examples to help providers identify whether they perform the holding funds payment function, especially in the context of cross-border remittances.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• August 21, 2024

  Case scenarios about payroll services

  The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• August 21, 2024

  Case scenarios about e-commerce web building tools and payment gateways

  The following fictional case scenarios provide examples of payment functions, namely the initiation of an electronic funds transfer (EFT) at the request of an end user, and the authorization of an EFT or the transmission, reception or facilitation of an instruction in relation to the EFT. They also provide examples of incidental activities under the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• August 21, 2024

  Acquisitions of control and prescribed changes

  This supervisory policy explains how a registered payment service provider (PSP) should assess whether it will be the subject of a planned acquisition of control or a prescribed change.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Registration

• Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge

  Staff Working Paper 2024-31 Alberto Cavallo, Oleksiy Kryvtsov

  We study how price variation within a store changes with inflation, and whether households exploit these changes to reduce the burden of inflation. We find that price changes from discounts mitigated the inflation burden while cheapflation exacerbated it.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Inflation: costs and benefits, Market structure and pricing JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81

• Decision Synthesis in Monetary Policy

  Staff Working Paper 2024-30 Tony Chernis, Gary Koop, Emily Tallman, Mike West

  We use Bayesian predictive decision synthesis to formalize monetary policy decision-making. We develop a case-study of monetary policy decision-making of an inflation-targeting central bank using multiple models in a manner that considers decision goals, expectations and outcomes.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Economic models, Monetary policy JEL Code(s): C, C1, C11, C3, C32, C5, C53