November 14, 2022 Opening remarks Remarks Tiff Macklem Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking Ottawa, Ontario Governor Tiff Macklem speaks about the need to make economics, finance and central banking more diverse and inclusive. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
Central Bank Digital Currency and Transmission of Monetary Policy Staff working paper 2024-27 Saroj Bhattarai, Mohammad Davoodalhosseini, Zhenning Zhao Using a general equilibrium model with nominal rigidities and financial frictions, we explore whether introducing a central bank digital currency (CBDC) affects the transmission of monetary policy, and how the effects depend on CBDC design features. We also study whether paying interest on central bank liabilities is contractionary or expansionary. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E31, E4, E5, E58, G, G2, G21, G5, G51 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Money and payments, Digital assets and fintech
March 5, 2009 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Pierre Duguay House of Commons Standing Committee on Finance Ottawa, Ontario As we have consistently emphasized, stabilization of the global financial system is a precondition for economic recovery, both globally and in Canada. To that end, policy-makers around the globe have acted aggressively and creatively by initiating a series of unprecedented actions aimed at stabilizing the global financial system. Content Type(s): Press, Speeches and appearances, Opening statements
November 14, 2022 Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking Conference held on November 14 and 15, 2022. Content Type(s): Conferences and workshops
October 29, 2025 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision. Content Type(s): Press, Speeches and appearances, Opening statements
April 24, 2015 1st Conference on the Chinese Economy Workshop held on 24 and 25 April 2015 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
June 13, 2007 Governor Dodge Discusses the Implications of Demographics on Monetary Policy Media Relations St. John's, Newfoundland and Labrador Demographic trends and the effect of Canada's aging population have begun to have an impact on the Canadian monetary policy, Bank of Canada Governor David Dodge said today. Content Type(s): Press, Press releases
November 24, 2020 Canadian Alternative Reference Rate Working Group Launches Consultation The Canadian Alternative Reference Rate working group (CARR) published a consultation paper today on a proposed methodology for calculating CORRA-in-arrears as well as draft fallback language for floating rate notes (FRNs) that reference CDOR. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
December 20, 2024 Our next $5 bank note On December 16, 2024, the Government of Canada announced that Terry Fox will be featured on the new $5 note.
Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States Staff working paper 2021-8 Marie-Hélène Felt, Fumiko Hayashi, Joanna Stavins, Angelika Welte Although credit cards are more expensive for merchants to accept than cash or debit cards, merchants typically pass through their costs evenly to all customers. Along with consumer card rewards and banking fees, this creates cross-subsidies between payment methods. Because higher-income individuals tend to use credit cards more than those with lower incomes, our results indicate that these cross-subsidies might lead to regressive distributional effects. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D12, D2, D23, D3, D31, E, E4, E42, G, G2, G21, L, L8, L81 Research Theme(s): Financial markets and funds management, Market structure, Money and payments, Retail payments