We draw on the Canadian experience to examine how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability ...
According to the Bank of Canada’s Methods-of-Payment (MOP) surveys in recent years, more than 80% of retail consumer purchases in Canada occur at physical locations.1 This suggests that such ...
This note presents Bank of Canada staff’s current assessment of the US and Canadian neutral rates of interest. The neutral rate is where the Bank expects the policy rate would settle once output is at ...
How often does the cashier just hand over the debit machine when you pay for your morning coffee? Some even seem surprised if you give them cash. Last year in Canada, people used cash for only 1 in 3 ...
Trade is dominating the news these days. With the barrage of headlines and the talk about protectionism and tariffs, it’s easy to forget that much of our economic growth and prosperity comes from ...
We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...
An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...