Posts

• March 20, 2025

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Thursday, March 20, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before Calgary Economic Development.

  Content Type(s): Press, Media advisories
• March 20, 2025

  Navigating tariff uncertainty

  Remarks Tiff Macklem Calgary Economic Development Calgary, Alberta

  Governor Tiff Macklem discusses how the US trade conflict and uncertainty is hurting business and consumer confidence. He also outlines what the Bank is doing to ensure the trade conflict doesn’t cause widespread or persistent inflation.

  Content Type(s): Press, Speeches and appearances Research Topic(s): Inflation and prices, International topics, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments, Trade integration
• March 20, 2025

  Tariffs and trade uncertainty are hurting the Canadian economy

  Speech summary Tiff Macklem Calgary Economic Development Calgary, Alberta

  Governor Tiff Macklem discusses how uncertainty about the trade war with the United States has shaken businesses and consumer confidence. He also reiterates that the Bank of Canada must ensure that high prices from tariffs do not lead to ongoing inflation.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Inflation and prices, International topics, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments, Trade integration
• March 19, 2025

  Bank of Canada to publish additional metrics to enhance CORRA transparency

  Beginning on March 19, 2025, the Bank of Canada will publish the weighted average mean and mode of the daily Canadian Overnight Repo Rate Average (CORRA) distribution alongside the existing CORRA benchmark rate, which is based on the median.

  Content Type(s): Press, Market notices
• March 18, 2025

  Changes to Canada’s Debt Distribution Framework

  Following a review of the Government of Canada’s Debt Distribution Framework (DDF) in 2024, the Bank of Canada and the Government of Canada (GoC) are announcing upcoming adjustments to the DDF.

  Content Type(s): Press, Market notices
• March 17, 2025

  Will asset managers dash for cash? A summary of the implications for central banks

  David Cimon, Jean-Philippe Dion, Jean-Sébastien Fontaine, Jabir Sandhu

  We consider ways central banks could adapt in the event of an increased risk of a dash for cash from asset managers. We explore ideas such as new facilities that ease asset managers’ ability to convert existing assets to cash or new assets with liquidity that central banks would guarantee.

  Content Type(s): Publications, Financial System Hub articles Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): E, E5, E58, G, G0, G00, G01, G1, G2
• March 17, 2025

  Bank of Canada announces planned changes to its Contingent Term Repo Facility

  The Bank of Canada is announcing changes to the eligibility criteria and review process for applications for its Contingent Term Repo Facility (CTRF).

  Content Type(s): Press, Market notices Source(s): Contingent Term Repo Facility
• March 17, 2025

  Bank of Canada announces the Governor’s Award recipient of the 2025 Fellowship Program

  Learn about the recipient of the Governor’s Award for 2025.

  Content Type(s): Press, Announcements Source(s): Fellowship Program

• Will Asset Managers Dash for Cash? Implications for Central Banks

  Staff Discussion Paper 2025-5 David Cimon, Jean-Philippe Dion, Jean-Sébastien Fontaine, Jabir Sandhu

  We consider ways central banks could adapt in the event of an increased risk of a dash for cash from asset managers. We explore ideas such as new facilities that ease asset managers’ ability to convert existing assets to cash or new assets with liquidity that central banks would guarantee.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): E, E5, E58, G, G0, G00, G01, G1, G2

• The Contingent Term Repo Facility: Lessons learned and an update

  Staff Analytical Note 2025-12 Jessie Ziqing Chen, Parnell Chu, Scott Kinnear

  In 2024, the Bank of Canada reviewed and updated its Contingent Term Repo Facility policy, incorporating lessons learned from the COVID-19 pandemic and other global market developments, such as the UK gilt crisis in September 2022. This paper accompanies the March 17, 2025, Contingent Term Repo Facility market notice and provides background information and further details about the design of the revised policy.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Central bank research, Financial stability, Lender of last resort JEL Code(s): E, E5, E58, F, F6, F68, G, G0, G01, G2, G23