Posts

• May 17, 2021

  Financial System Survey highlights—Spring 2021

  This article presents the key results from the spring 2021 Bank of Canada Financial System Survey, conducted from February 22 to March 12, 2021. The survey included a special section on commercial real estate.

  Content Type(s): Publications, Financial System Survey
• May 13, 2021

  Including everyone helps all of us

  Speech summary Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia

  Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output
• May 13, 2021

  The benefits of an inclusive economy

  Remarks (delivered virtually) Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia

  Governor Tiff Macklem talks about diversity and inclusion are important for the Bank of Canada, for the economics and finance profession, and for the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output

• COVID-19’s impact on the financial health of Canadian businesses: An initial assessment

  Staff Analytical Note 2021-8 Timothy Grieder, Mikael Khan, Juan Ortega, Callie Symmers

  Despite COVID-19 challenges, bold policy measures in Canada have helped businesses manage cash flow pressures and kept insolvency filings low. But the impact of the pandemic has been uneven, and the financial health of some firms may further deteriorate over the next year.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Coronavirus disease (COVID-19), Credit and credit aggregates, Financial stability, Firm dynamics, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G3, G31, G32, G33, G38

• Optimal Monetary and Macroprudential Policies

  Staff Working Paper 2021-21 Josef Schroth

  Optimal coordination of monetary and macroprudential policies implies higher risk weights on (safe) bonds any time that banks are required to hold additional capital buffers. Coordination also implies a somewhat tighter monetary-policy stance whenever such capital buffers are released.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Inflation targets, Monetary policy JEL Code(s): E, E4, E44, E6, E60, G, G2, G21, G28

• Behaviour in the Canadian large-value payment system: COVID-19 vs. the global financial crisis

  Staff Analytical Note 2021-7 Alexander Chaudhry, Anneke Kosse, Karen Sondergard

  Unlike the 2008–09 global financial crisis, the onset of the COVID-19 crisis did not raise stress levels in Canada’s Large Value Transfer System. Swift changes to the Bank of Canada’s collateral policy and its large-scale asset purchase programs likely eased liquidity pressures in the system.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial stability, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E51, E58, E6, E65
• May 3, 2021

  Operational details for upcoming secondary market purchases of Government of Canada securities (May 10-21)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program