Credit Card Minimum Payment Restrictions Staff working paper 2024-26 Jason Allen, Michael Boutros, Benedict Guttman-Kenney We study a government policy that restricts repayment choices with the aim of reducing credit card debt and estimate its effects by applying a difference-in-differences methodology to comprehensive credit-reporting data about Canadian consumers. We find the policy has trade-offs: reducing revolving debt comes at a cost of reducing credit access, and potentially increasing delinquency. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D18, E, E2, E21, G, G2, G28, G5, G51 Research Theme(s): Financial system, Financial system regulation and oversight, Household and business credit
August 3, 2012 Bank of Canada Publishes 2013 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases Media Relations Ottawa, Ontario The Bank of Canada released its 2013 schedule of key policy interest rate announcements and quarterly Monetary Policy Reports (MPR), and announced that in 2013, it will begin concurrent publication of the MPR with its January, April, July, and October rate announcements. Content Type(s): Press, Press releases
September 29, 2004 Bank of Canada Issues New $20 Bank Notes Media Relations Ottawa, Ontario "The $20 bank note is the most widely used note," said Bank of Canada Governor David Dodge. "It accounts for almost half of all bank notes in circulation, which is why we encourage Canadians to become familiar with its design and security features. Content Type(s): Press, Press releases
February 16, 2022 Navigating uncharted territory Speech summary Timothy Lane School of Public Policy, University of Calgary Calgary, Alberta Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
October 31, 2017 Research Update - October 2017 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
The MacroFinancial Risk Assessment Framework (MFRAF), Version 2.0 Technical report No. 111 Jose Fique This report provides a detailed technical description of the updated MacroFinancial Risk Assessment Framework (MFRAF), which replaces the version described in Gauthier, Souissi and Liu (2014) as the Bank of Canada’s stress-testing model for banks with a focus on domestic systemically important banks (D-SIBs). Content Type(s): Staff research, Technical reports JEL Code(s): C, C7, C72, E, E5, E58, G, G0, G01, G2, G21, G28 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Financial system regulation and oversight
February 16, 2023 No two ways about it: Why the Bank is committed to getting back to 2% Remarks Paul Beaudry Alberta School of Business Edmonton, Alberta Deputy Governor Paul Beaudry discusses the benefits of being near the Bank’s 2% inflation target and the dangers of straying from it for too long. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight Staff working paper 2021-51 Michael Woodford, Yinxi Xie How do outcomes of monetary and fiscal stabilization policies at the zero lower bound change when decision makers have finite planning horizons in the economy? We explore the effects of limited foresight on policy tools and the interaction between monetary and fiscal policy. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E5, E52, E6, E63, E7 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting
May 28, 2026 Release of the Financial Stability Report Opening statement Carolyn Rogers, Toni Gravelle Ottawa, Ontario Press conference following the release of the Financial Stability Report. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial markets, Financial stability
November 7, 1994 The use of Canadian bank notes Bank of Canada Review - Autumn 1994 Louise Hyland This article delves into the microeconomics of note circulation, reviewing main factors affecting the demand for bank notes over the last 50 years, including new technology such as automated banking machines. It also discusses trends in the average value of notes in circulation and in the demand for notes of different denominations. Content Type(s): Publications, Bank of Canada Review articles