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
January 31, 2020 Research Update - January 2020 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
December 23, 2005 70 Years of Central Banking in Canada Bank of Canada Review - Winter 2005-2006 David Dodge Remarks by David Dodge, Governor of the Bank of Canada, to the Canadian Economics Association Content Type(s): Publications, Bank of Canada Review articles
November 30, 2013 Research Update - November 2013 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
November 17, 2003 Global Challenges, Canadian Opportunities Remarks David Dodge Office for Partnerships for Advanced Skills Annual Visionary Seminar Ottawa, Ontario It is certainly nothing new to say that economies have become increasingly globalized. In his 1962 book, The Gutenberg Galaxy, Marshall McLuhan observed that the electronic mass media were collapsing time and space barriers. This enabled people to communicate on a global scale. He coined the term "global village" to describe this change. Content Type(s): Press, Speeches and appearances, Remarks
CBDC adoption and usage: some insights from field and laboratory experiments Staff analytical note 2020-12 Janet Hua Jiang This note discusses insights from historical launches of new payment methods and related laboratory experiments on the potential adoption and use of a central bank digital currency in the Canadian context. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C9, E, E4, E5, E58 Research Theme(s): Money and payments, Digital assets and fintech, Retail payments
Parallel Tempering for DSGE Estimation Staff working paper 2024-13 Joshua Brault I develop a population-based Markov chain Monte Carlo algorithm known as parallel tempering to estimate dynamic stochastic general equilibrium models. Parallel tempering approximates the posterior distribution of interest using a family of Markov chains with tempered posteriors. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, C15, E, E1, E10 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models
July 30, 2025 Monetary Policy Report—July 2025—Canadian economy—Current conditions Canadian economic activity has slowed considerably because of the trade conflict but is showing signs of resilience. While inflation is close to 2%, underlying inflation has risen to about 2½%.