Posts

• January 10, 2024

  Canada Mortgage Bonds: Government purchases and holdings

  View the latest data on the Government of Canada's purchases and holdings of Canadian Mortgage Bonds.
• January 9, 2024

  Standing Term Liquidity Facility

  Under the Standing Term Liquidity Facility (STLF), the Bank can provide loans to eligible financial institutions in need of temporary liquidity support if the Bank has no concerns about the institution’s financial soundness.

• Extreme Weather and Low-Income Household Finance: Evidence from Payday Loans

  Staff working paper 2024-1 Shihan Xie, Victoria Wenxin Xie, Xu Zhang

  This paper explores the impact of extreme weather exposures on the financial outcomes of low-income households. Our findings highlight the heightened financial vulnerability of low-income households to environmental shocks and underscore the need for targeted policies.

  Content Type(s): Staff research, Staff working papers JEL Code(s): G, G5, Q, Q5, Q54 Research Theme(s): Financial system, Household and business credit, Structural challenges, Climate change

• Modelling Canadian mortgage debt and payments in a semi-structural model

  Staff analytical note 2024-1 Fares Bounajm, Austin McWhirter

  We show how Canadian mortgage debt dynamics can be modelled in a semi-structural macroeconomic model, such as the Bank of Canada’s LENS. The model we propose accounts for Canada’s unique mortgage debt structure.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E27, E4, E43, E47, G, G5, G51 Research Theme(s): Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
• January 3, 2024

  Bank of Canada conducts Overnight Repo operation

  The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy.

  Content Type(s): Press, Market notices Source(s): Overnight repo operations