00000cam 2200000zi 4500 9.966918 CaOODSP 20261019132149 m o d f cr cn||||||||| 261019t20262026onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- y2y2 FB3-8/2026-49E-PDF Li, Jiaqi (Economist) author. How costly are cross-border payments for firms? / Jiaqi Li. [Ottawa] : Bank of Canada = Banque du Canada, 2026. ©2026 1 online resource (14 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-49 "Last updated: October 16, 2026." Includes bibliographical references (pages 11-12). "How costly are cross-border payments for firms? Using proprietary FXC Intelligence data on quoted prices for Canadian business-to-business cross-border payments, this note documents three empirical facts. First, cross-border payment costs for firms are costly: banks charge senders a total margin of around 2–3.5% of transaction value, with foreign exchange margins accounting for the majority of these costs relative to transaction fees. Second, payment costs for vehicle currencies tend to be lower. Third, for the same corridor and transfer amount, prices differ substantially across banks, and the size of this dispersion is corridor-specific"--Abstract, page 1. Electronic funds transfers Canada Costs. Banks and banking Service charges Canada. Transferts électroniques de fonds Canada Coût. Frais de banque Canada. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-49. (CaOODSP)9.958938 PDF 589 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-49-eng.pdf