As new entrants arrive in Canada's debit card market, rule changes are needed to ensure a level playing field, and to enhance the potential benefits of competition for consumers and merchants. In a study released today, the author assesses the implications of the rapidly changing debit payment...

During the past 30 years, Canada's share of world foreign direct investment (FDI) has been subject to a secular decline. Further, according to various measures of openness to foreign investments, Canada does not rank favourably against many of its peers. One of the culprits is Canada's foreign...

How far and how fast Canada's record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In "The New 'Normal' for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment," authors Paul Beaudry and Philippe...

The Canadian labour market suffered a severe blow during the last recession, with more than 430,000 persons losing their jobs and the unemployment rate reaching levels unseen since the latter half of the 1990s. Subsequently, the labour market has shown great resilience, and there are now 900,000...

Market-based economies tend to exhibit cyclical behaviour. The recent financial crisis, with devastating impacts that are still being felt today, has added urgency to the drive to improve our understanding of business cycles. Pinpointing key turning points in the economy, meaning when recession...