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Is a Central Bank Digital Currency Coming for Canadians?
A digital form of the Canadian dollar would revolutionize the country’s economic landscape. But would it be for the better? Here’s what to know about the Bank of Canada’s vision for a digital loonie. What is a central bank digital currency? A central bank digital currency (CBDC) is a digital currency issued and regulated by a country’s central bank. In Canada, a CBDC would be issued by the Bank of Canada. Like cash, it would be the liability of the Bank. “In an ideal world, it is truly digital,” says Henry Kim, Professor of Operations Management and Information Systems at the Schulich School of Business, ... (full story)
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From financialservices.house.gov|Sep 20, 2023Today, the House Financial Services Committee passed eleven pieces of legislation out of Committee that strengthen national security, protects Americans’ financial privacy, and ...
From @LiveSquawk|Sep 20, 2023|8 commentspost: Japan Chief Cabinet Secretary Matsuno: Important That FX Move Stably Reflecting Fundamentals - To Respond Appropriately If Necessary - Refuses To Rule Out Any Options For Response To FX Moves $USDJPY post: JAPAN CHIEF CABINET SECRETARY MATSUNO: EXPECT BOJ TO CLOSELY COMMUNICATE WITH GOVT, CONTINUE TO TAKE APPROPRIATE MONETARY POLICYJapan’s Matsuno: Won't rule out any options for response to FX moves Japan’s Chief Cabinet Secretary Hirokazu Matsuno told a news conference on Thursday, he “won't rule out any options for response to FX moves.” Additional comments: Important for FX to move stably reflecting fundamentals. Will respond appropriately to FX moves if necessary. Expect BoJ to closely communicate with govt, continue to take appropriate monetary policy. Share mutual understanding with international authorities that excessive FX move undesirable. Market reaction: USD/JPY is trading on the back foot near 148.25 following the Japanese verbal intervention, down 0.05% on the day.
From interest.co.nz|Sep 20, 2023New Zealand’s economy grew 0.9% in the June quarter, beating economist expectations, pulling the country out of recession, and bringing the annual growth rate to 3.2%, Statistics ...
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- From foxbusiness.com|Sep 21, 2023
video Stanford University confirmed Wednesday that the institution was gifted funds from entities connected to FTX and that it's working to return all the money it received from ...
From youtube.com/markets|Sep 21, 2023China's former central bank chief says more policy support is needed to boost the economic recovery as the government struggles to revive both consumer and investor confidence. ...
From politico.com|Sep 21, 2023|1 commentFederal Reserve officials on Wednesday gave the clearest signal yet that they expect to be able to beat inflation without causing a recession. But Chair Jerome Powell delivered a ...
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- Posted: Sep 20, 2023 11:48pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 151
