November 15, 2012 The Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash Bank of Canada Review - Autumn 2012 Carlos Arango, Kim Huynh, Ben Fung, Gerald Stuber Over the past 20 years, there has been a major shift away from the use of paper-based retail payment instruments, such as cash and cheques, toward electronic means of payment, such as debit cards and credit cards. Recent Bank of Canada research on consumers’ choice of payment instruments indicates that cash is frequently used for transactions with low values because of its speed, ease of use and wide acceptance, while debit and credit cards are more commonly used for transactions with higher values because of perceived attributes such as safety and record keeping. While innovations in retail payments currently being introduced into the Canadian marketplace could lead to a further reduction in the use of cash over the longer term, the implications for the use of cash of some of the structural and regulatory developments under way are less clear. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): C, C8, C83, E, E4, E42, G, G2, G28
November 15, 2012 Bank of Canada Review - Autumn 2012 This issue features four articles that present research and analysis by Bank staff. The first focuses on financial transaction taxes; the second on the role of central counterparties in over-the-counter markets; and the third on monetary policy and the risk-taking channel, as seen in the lending behaviour of banks. The fourth article presents research findings on the use of retail payment instruments and discusses the implications of innovations in retail payments on the use of cash over the long term. Content Type(s): Publications, Bank of Canada Review
November 14, 2012 Promoting economic and financial prosperity Presentation Agathe Côté Chambre de commerce et de l’industrie de Rimouski-Neigette Rimouski, Québec Deputy Governor Agathe Côté will discuss the four main responsibilities of the Bank and its economic outlook. Content Type(s): Press, Speeches and appearances, Presentations
November 9, 2012 Weekly Financial Statistics - 9 November 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 8, 2012 Some Current Issues in Financial Reform Remarks Mark Carney Canadian Club of Montréal Montréal, Quebec Governor Mark Carney discusses financial system reform in a speech to the Canadian Club of Montréal. Content Type(s): Press, Speeches and appearances, Remarks
November 8, 2012 Global Financial System Safer Today, But Not Yet as Safe as It Needs To Be, Says Bank of Canada Governor Mark Carney Media Relations Montréal, Quebec The G-20’s ambitious financial sector reform agenda is creating a more open, resilient global financial system, which is central to the transformation of the global economy, Bank of Canada Governor Mark Carney said today in a speech to the Canadian Club of Montréal. The Governor provided an update of what has been accomplished and what […] Content Type(s): Press, Press releases