Deciding on a Digital Dollar: The Necessary Steps for Canada

Tuesday, April 26, 2022 1:00 PM - 4:00 PM EDT (UTC–04:00)
Private Event: Virtual Event
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The Centre for International Governance Innovation (CIGI) and Bennett Jones are pleased to host our second workshop related to Canada and the digitalization of money titled “Deciding on a Digital Dollar: The Necessary Steps for Canada.” As we noted in our report Canada and the Digitalization of Money: Key Takeaways from a Virtual Workshop of International and Canadian Experts following the first workshop, there is much work to be done, especially as more and more countries advance their efforts around the design and potential implementation of a central bank digital currency (CBDC). It is now time to push forward and accelerate progress: delay means costs, risks and lost opportunities for Canadians. This workshop will focus on three critical areas enabling Canada to build the capacity to act in a timely and coordinated manner. Each will be led by a well-known expert, followed by discussants and an open round table:

  • Session 1: CBDCs: What Can We Learn from the First Movers? John Kiff, former senior financial sector expert, International Monetary Fund.
  • Session 2: What Are the Early Steps Necessary to Prepare and Design a CBDC for Canada? Andreas Park, professor of finance, University of Toronto, and research director, Rotman FinHub (Rotman’s Financial Innovation Lab).
  • Session 3: The Role of Parliament and Legislatures: What Will Be Required Legally for a CBDC and the Legal Pillars on which that System Is Based? Poonam Puri, professor, Osgoode Law School, and co-founder and director of the Osgoode Investor Protection Clinic.

The invitation-only workshop will take place via Zoom.