January 19, 2010 Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. Content Type(s): Press, Press releases
July 15, 2010 Annual Report 2009 A year of financial market strains and economic disruption in 2009 gave way to initial signs of progress in 2010, the year the Bank of Canada celebrates its 75th anniversary. The lessons of the past year vividly illustrate what the Bank has demonstrated repeatedly through seven and a half decades: the value of well-researched policy frameworks and decisive action. Content Type(s): Publications, Annual Report
Privacy as a Public Good: A Case for Electronic Cash Staff working paper 2019-24 Rodney J. Garratt, Maarten van Oordt Cash gives users a high level of privacy when making payments, but the use of cash to make payments is declining. People increasingly use debit cards, credit cards or other methods to pay. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E42, G, G2, G28 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech, Retail payments
April 7, 2017 Unveiling of Commemorative Bank Note Marking the 150th Anniversary of Canada Remarks Stephen S. Poloz Ottawa, Ontario Governor Stephen S. Poloz unveils a new commemorative $10 bank note marking the 150th anniversary of Canada. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes
Using Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-19 Staff working paper 2021-2 James Chapman, Ajit Desai We use retail payment data in conjunction with machine learning techniques to predict the effects of COVID-19 on the Canadian economy in near-real time. Our model yields a significant increase in macroeconomic prediction accuracy over a linear benchmark model. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C5, C53, C55, E, E3, E37, E4, E42, E5, E52 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting, Money and payments, Retail payments
April 15, 2016 Bank of Canada announces recipients of 2016 Fellowship and Governor’s awards Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce Professor Daniel Trefler from the Rotman School of Management at the University of Toronto and Professor Francesco Trebbi from the University of British Columbia’s Vancouver School of Economics as the 2016 recipients of the Bank’s Fellowship Award. Content Type(s): Press, Press releases Source(s): Fellowship Program
May 6, 2019 Poloz talks mortgages: Innovation could improve flexibility Speech summary Stephen S. Poloz Canadian Credit Union Association and the Winnipeg Chamber of Commerce Winnipeg, Manitoba Stephen S. Poloz, Governor of the Bank of Canada, speaks before the Canadian Credit Union Association and the Winnipeg Chamber of Commerce. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth
Supply and Demand-Driven inflation: Decomposition and policy implications Staff analytical paper 2026-33 Kira Kang, Rodrigo Sekkel, Temel Taskin, Jing Yang This note uses detailed expenditure data to decompose Canadian inflation into supply- and demand-driven components. The analysis sheds light on the drivers of post-pandemic inflation and shows that monetary policy primarily affects and responds to demand-driven inflation. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E3, E31, E5, E52, E58 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
January 25, 2007 Dodge discusses monetary policy and the economy, calls for stronger IMF Media Relations Toronto, Ontario "This simple paradigm is very helpful because monetary policy works better when it is understood," the Governor said. Content Type(s): Press, Press releases
May 9, 2018 Strengthening Our Cyber Defences Remarks Filipe Dinis Payments Canada Toronto, Ontario Chief Operating Office Filipe Dinis outlines how the Bank is strengthening its cyber defenses and helping improve the financial system’s cyber resilience and its ability to recover quickly from attacks. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Financial markets, Financial stability