Central bankers argue that programmable digital currencies may compromise the uniformity of money. We explore this in a stylized model where programmable money arises endogenously, and differently ...

Our paper employs smartphone data to construct an improved cash access metric by accounting for both spatial agglomeration and households’ travel patterns. We find that incorporating trip-chaining ...

We develop statistical inferences for a non-probability two-phase survey sample when relevant auxiliary information is available from a probability survey sample. To reduce selection bias and gain ...

US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to ...

The Bank's responsibilities under the Payment Clearing and Settlement Act Since 1996, Canada’s Payment Clearing and Settlement Act (PCSA) has conferred on the Bank of Canada specific responsibilities ...

Introduction Foreign demand for Government of Canada (GoC) bonds has increased rapidly since the financial crisis. This sudden interest by foreigners in the GoC market is associated with external ...

What we do The Canadian Fixed-Income Forum (Forum) is a senior level industry-wide committee established by the Bank of Canada to discuss developments in fixed-income market structure and functioning, ...

Since issuing its first series of bank notes in 1935, the Bank of Canada has issued four commemorative bank notes. Each commemorative note marks an important milestone for the reigning monarch or a ...

In recent years, the liquidity in the secondary market for Canadian provincial bonds was a concern for many market participants. We find that a proxy for the bid-ask spread has deteriorated modestly ...

This is a list of people who have served in the senior-most positions at the Bank of Canada since 1934. Canada’s central bank is led by a Governing Council – the Governor, the Senior Deputy Governor ...

Exceptions In extraordinary market conditions or in the presence of technical issues, the publication of the exchange rates may be delayed. Rates that cannot be published by 17:00 ET will be shown as ...