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3827 Results

Gino Cateau

Gino Cateau became the Deputy Managing Director of the Economic and Financial Research Department (EFR) in November 2024.

Nicholas Labelle

Nicholas Labelle St-Pierre is a Senior Economist in the Projection Division of the Canadian Economic Analysis Department. His research interests include macroeconomics, monetary policy and payment clearing and settlement systems. Nicholas holds an MSc and a BSc in Economics from the University of Quebec in Montreal (UQAM) and has passed CFA Level III.

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.
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