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9055 Results

Demand for Canadian Banknotes from International Travel: Indirect Evidence from the COVID-19 Pandemic

Staff Working Paper 2024-23 Hongyu Xiao
This study uses the COVID-19 travel restrictions to estimate foreign demand for Canadian banknotes. It reveals that international visitors accounted for about 10% of all $100 CAD notes in circulation pre-pandemic, with each visitor carrying an average of $165 in hundred-dollar bills.

The Role of Beliefs Entering and Exiting the Bitcoin Market

We develop a model that links investors’ decisions to enter or exit the Bitcoin market with their beliefs about the survival of Bitcoin. Empirical testing using Canadian data reveals that beliefs strongly influence both entries and exits, and this impact varies with time and ownership status.
June 13, 2024

Speech: BIS Toronto Innovation Hub Centre

Objectives and pillars of the Toronto Innovation Hub Centre — Governor Tiff Macklem participates in a fireside chat at the opening ceremony of the BIS Toronto Innovation Hub Centre (13:00 (ET) approx.).

June 13, 2024

Speech: Canadian Association for Business Economics (CABE)

The Bank of Canada's use of exceptional monetary policy tools in the COVID-19 pandemic: From Quantitative Easing to Quantitative Tightening — Deputy Governor Sharon Kozicki speaks before the Canadian Association for Business Economics (CABE). (9:50 (ET) approx.).
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