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Toward 2021

Reviewing the Monetary Policy Framework.

Canada’s Vertical $10 Note

Explore and share the $10 polymer bank note featuring Viola Desmond, which begins circulating in late 2018.

Upcoming changes to legal tender status for older bank notes

Find out what removing legal tender status means and which bank notes are affected.

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Financial System Review - June 2018

This issue of the Financial System Review reflects the Bank’s judgment that high household indebtedness and housing market imbalances remain the most important vulnerabilities. While these vulnerabilities remain elevated, policy measures continue to improve the resilience of the financial system. A third vulnerability highlighted in the FSR concerns cyber threats to an interconnected financial system.

Digital Currencies and Fintech

Understanding digital currencies and related financial technologies is an important part of our research agenda.

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Monetary Policy Report – Press Conference (Webcasts) – July 2018

Release of the Monetary Policy Report – Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (11:15 (ET) approx.).

Banking and Financial Statistics

A compilation of banking and financial indicators, including the Bank of Canada’s assets and liabilities, credit and monetary aggregates, chartered banks data and selected financial market statistics.

Vikram Rai

Senior Economist

Vikram Rai is a senior economist in the International Projection Division in the International Economic Analysis Department, which is responsible for producing and supporting the communication of the Bank’s quarterly global macroeconomic outlook. His work and research has included macroeconomic modelling and forecasting, global trade, unconventional monetary policy, and labour economics. He completed his Masters in Economics at Queen’s University.

Latest

Low Inflation in Advanced Economies: Facts and Drivers

Staff Analytical Note 2017-16 Sanjana Bhatnagar, Anne-Katherine Cormier, Kristina Hess, Patrisha de Leon-Manlagnit, Elise Martin, Vikram Rai, Renaud St-Cyr, Subrata Sarker

Since the global financial crisis, core inflation has been persistently below target in most advanced economies. Recently, it has weakened further in several advanced economies despite gradually diminishing slack. This note reviews recent developments in core inflation across advanced economies and identifies distinctive patterns across regions.

Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Inflation and prices, International topics JEL Code(s): E, E0, E3, E31, F, F0

The Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets

Staff Working Paper 2014-50 Vikram Rai, Lena Suchanek

The Federal Reserve’s quantitative easing (QE) program has been accompanied by a flow of funds into emerging-market economies (EMEs) in search of higher returns.

Content Type(s): Staff Research, Staff Working Papers Topic(s): International financial markets, International topics, Transmission of monetary policy JEL Code(s): C, C3, C33, E, E5, E58, F, F3, F32, G, G1, G14

Other

Other Publications

“Can the Canada-US ICT Investment Gap Be Explained by Measurement Issues?” Centre for the Study of Living Standards. Research Report 2013-03.
“Labour Market Information for Employers and Economic Immigrants in Canada: A Country Study," Centre for the Study of Living Standards. Research Report 2013-01. Also available from www.labourmigration.eu as a chapter in "Improving Access to Labour Market Information for Migrants and Employers

Education

M.A. Queen’s University (2012)
BSc. Dalhousie University (2011)

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International economics
Macroeconomics
Monetary policy

Corporate Governance

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