Explainers
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January 31, 2020
Money in the 21st Century
What money does, and how we’re handling it in the digital age. -
June 4, 2019
Canada’s Floating Currency
The market for foreign exchange determines how much our dollar is worth. The Bank of Canada very rarely intervenes to support its value. -
January 15, 2016
Target For The Overnight Rate
Defines this important policy interest rate and describes the role it plays in influencing various market interest rates. -
March 3, 2014
Household Spending and Debt
Highlights the value of ‘prudent’ borrowing in enhancing welfare, but also the risks of over-indebtedness for households, the economy and financial stability. Discusses trends in household debt, various debt metrics and why monetary policy is concerned with how households use borrowed funds. -
February 28, 2014
Regulation of the Canadian Financial System
Describes the shared responsibility for the regulation of the Canadian financial system and summarizes the Bank of Canada’s role in the financial system. -
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September 27, 2013
Large Value Transfer System
Describes this important funds-transfer system and explains the Bank of Canada’s oversight role. -
May 31, 2013
Productivity
Defines this important economic concept, describes different measures of productivity, explains how productivity affects living standards, and summarizes the reasons behind Canada’s disappointing productivity record. -
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May 31, 2013
Benefits of Low Inflation
Outlines the costs of high inflation and the benefits of low inflation.