Short-Run and Long-Run News: Evidence from Giant Commodity Discoveries Staff working paper 2025-24 Jean-Paul L’Huillier, Kirill Shakhnov, Laure Simon Our understanding of news shocks is, to a large extent, based on studies that focus empirically on short-run news. This paper brings new insights by analyzing the effects of giant commodity discoveries, which typically materialize over the longer run. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E23, F, F3, F4, Q, Q3, Q33 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
September 8, 2025 Letter to Industry on Trust Tax Issue As of September 8, 2025, the Bank of Canada’s mandate to supervise Payment Service Providers (PSPs) under the Retail Payments Activities Act (RPAA) is in effect, including regulatory obligations related to operational risk and end-user funds safeguarding. The Bank and the Department of Finance have been made aware of possible unintended tax consequences for PSPs seeking to comply with the safeguarding requirements of the RPAA using the “in trust in a trust account” method. Content Type(s): Press, Announcements
September 8, 2025 How to complete a registration application: A step-by-step guide This guide aims to help applicants gather the information and documents they need to complete the application form during the initial 15-day registration phase. Content Type(s): Retail payments supervision materials, Guides Subject(s): Retail payments supervision, Registration
September 8, 2025 Payment Service Providers are now under Supervision – Registry to follow Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect. Content Type(s): Press, Announcements
September 8, 2025 Bank of Canada begins supervising Payment Service Providers Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect. Content Type(s): Press, Announcements
September 8, 2025 List of applicants Search the list of individuals and entities who have submitted a registration application with the Bank.
September 8, 2025 Supervisory framework: Supervision Know your requirements as an applicant or as a registered payment service provider and find out how we will assess compliance.
September 4, 2025 CFIF Meeting (September 4, 2025) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum