Posts

• July 24, 2023

  Market Participants Survey—Second Quarter of 2023

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey
• July 24, 2023

  CARR Meeting (July 24, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• July 18, 2023

  Treasury Bill 2023.07.18 auction rescheduled

  Following the cancellation today of the 2023.07.18 Treasury Bill Auction, the Bank has resolved the technical difficulties and is rescheduling the auction on Wednesday, July 19 at 10:30 a.m

  Content Type(s): Press, Market notices
• July 18, 2023

  Operation Cancellation – Treasury Bill 2023.07.18

  Due to technical difficulties, the Treasury Bill Auction scheduled for 2023.07.18 at 10:30 has been cancelled.

  Content Type(s): Press, Market notices

• Is Climate Transition Risk Priced into Corporate Credit Risk? Evidence from Credit Default Swaps

  Staff working paper 2023-38 Andrea Ugolini, Juan C. Reboredo, Javier Ojea Ferreiro

  We study whether the credit derivatives of firms reflect the risk from climate transition. We find that climate transition risk has asymmetric and significant economic impacts on the credit risk of more vulnerable firms, and negligible effects on other firms.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C2, C24, G, G1, G12, G3, G32, Q, Q5, Q54 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit, Structural challenges, Climate change
• July 12, 2023

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 12, 2023

  Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• July 12, 2023

  Monetary Policy Report – July 2023

  

  Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025.

  Content Type(s): Publications, Monetary Policy Report