We simulate the impact of a central bank digital currency (CBDC) on consumer adoption, merchant acceptance and use of ...

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 ...

The new $5 note will enter circulation only after the issuance of the next $20 note in early 2027. In the meantime, our ...

We investigate the macroeconomic impacts of mothballed businesses—those that closed temporarily—on sectoral equilibrium prices after a negative demand shock. Our results suggest that pandemic fiscal ...

Good afternoon. It’s a great pleasure to be back in Vancouver for my final speech of 2024. I want to thank the Greater Vancouver Board of Trade for inviting me. I’m particularly looking forward to our ...

Looking back on the pandemic can help us prepare for the future. The shock to financial markets, the disruption to supply chains and the surge in inflation that followed were all unexpected. We ...

Over the years, the Bank of Canada has adjusted the way it sets its key interest rate. Following is a brief history of the key rate from the Bank’s founding in 1935 until the present. The original key ...

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 ...