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040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
045 |ay2y2
0861 |aFB3-8/2026-49E-PDF
1001 |aLi, Jiaqi |c(Economist)|eauthor.
24510|aHow costly are cross-border payments for firms? / |cJiaqi Li.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2026.
264 4|c©2026
300 |a1 online resource (14 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-49
500 |a"Last updated: October 16, 2026."
504 |aIncludes bibliographical references (pages 11-12).
5203 |a"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.
650 0|aElectronic funds transfers|zCanada|xCosts.
650 0|aBanks and banking|xService charges|zCanada.
650 6|aTransferts électroniques de fonds|zCanada|xCoût.
650 6|aFrais de banque|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-49.|w(CaOODSP)9.958938
85640|qPDF|s589 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-49-eng.pdf