Canada
Canada launches climate risk scenario pilot
Project will test volunteer institutions for their exposure to climate change risk
Vocalink to provide Canada’s real-time payments infrastructure
Mastercard company wins contract to provide infrastructure and support services for “real-time rail”
Wilkins to leave Bank of Canada five months early
Replacement will need to have experience leading organisations through “change and uncertainty”
Bank of Canada ‘recalibrates’ QE programme
Central bank changes programme’s focus as Covid-19 cases climb
Canadian opposition says central bank ‘must not become government ATM’
Bank of Canada to end some emergency financing programmes as lawmaker calls more QE “insane”
Token-based CBDC poses security risks – BoC paper
Bank of Canada has said token-based approach is its preferred method, but authors warn of risks
Canadian households face ‘crucial’ months – BoC governor
Macklem warns that financial risks to households are likely to rise as loan deferrals end
Reserve Benchmarks 2020 report – charting new data frontiers
Perspectives on staffing, coverage, portfolio construction, benchmarking, external parties and risk
Bank of Canada sets out pandemic-adjusted CPI methodology
Pandemic triggered rapid shift in consumers’ spending habits
Carolyn Wilkins announces departure from the Bank of Canada
Deputy governor who led emergency asset purchases says BoC “is in good hands”
Bank of Canada looking at inequality, governor says
Monetary policy review is considering impact on wealth and income inequality, says Tiff Macklem
Lower financial literacy linked to crypto asset ownership – Bank of Canada
New cash survey shows financial literacy is positively associated with crypto asset awareness
Raising inflation expectations may depress growth – Jackson Hole paper
More nuanced communication would help public understand state of the economy, say researchers
Central bank comms need “second sea change” – Canadian governor
Pandemic has shown importance of transparency and communications, Tiff Macklem says
Carney to lead asset manager’s climate change strategy
Former BoE governor joins Canadian firm Brookfield and will continue in UN climate role
Bank of Canada seeks public views on inflation targeting
Canadian central bank aims to increase public engagement with monetary policy review
Covid-19 policy-making and the need for high-speed data
High-frequency data holds the promise of speed and adaptability, but there are drawbacks
Timothy Lane on CBDCs and why the private sector is no competition for central banks
BoC deputy governor discusses the difference between a private-sector digital currency and a CBDC
CBDCs cannot have unlimited privacy – Canadian deputy governor
Timothy Lane says central banks should consider “hybrid privacy levels”
BoC announces new securities lending programme
Move is consistent with BIS recommendations, central bank says
Canada holds rates as governor warns of “long climb out”
Governor says interest rates will stay “unusually low” as central bank forecasts GDP fall of 7.8%
Bank of Canada sees economy enter ‘recuperation’ phase
Central bank keeps government bond purchases at minimum C$5 billion ($3.7 billion) a week
US forward guidance is contractionary for Canada – BIS paper
Model highlights “beggar-thy-neighbour” effect of Fed’s forward guidance
Coronavirus panic fuels a surge in cash demand
Evidence of hoarding in Australia, Brazil, Canada, the eurozone, Russia and the US