Uncategorized

• May 30, 2025

  Update on Changes to Canada’s Debt Distribution Framework

  The Bank of Canada and the Government of Canada (GoC) are announcing that adjustments to the GoC’s Debt Distribution Framework will come into effect on September 2, 2025.

  Content Type(s): Press, Market notices

• The Optimum Quantity of Central Bank Reserves

  Staff Working Paper 2025-15 Jonathan Witmer

  This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that characterizes the socially optimal level of reserves, demonstrating that this quantity is neither necessarily large nor small but depends on the marginal benefits of reserves relative to alternative safe assets.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Monetary policy implementation JEL Code(s): E, E4, E41, E42, E5, E58, G, G2, G21, G28
• May 24, 2025

  The New York Times

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with The New York Times

  Content Type(s): Press, Media activities
• May 23, 2025

  The Globe and Mail

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with The Globe and Mail

  Content Type(s): Press, Media activities
• May 23, 2025

  Bank of Canada Media Interview – The New York Times

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Alan Rappeport and Ian Austen of the The New York Times.

  Content Type(s): Press, Media advisories
• May 22, 2025

  Conference on Fixed Income Research and Implications for Monetary Policy

  The Bank of Canada, the Federal Reserve Bank of Chicago, and the Federal Reserve Bank of San Francisco are hosting the 9^th bi-annual conference on Fixed Income Research and Implications for Monetary Policy, to be held in San Francisco on May 22-23, 2025.

  Content Type(s): Conferences and workshops
• May 22, 2025

  Bank of Canada Media Interview – The Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.

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

  Bank of Canada Museum announces 2025 recipients of Award for Excellence in Teaching Economics

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is proud to announce the recipients of its 2025 Award for Excellence in Teaching Economics.

  Content Type(s): Press, Press releases
• May 20, 2025

  How to complete a notice of significant change or new activity: A step-by-step guide

  This guide explains the questions you will need to answer in PSP Connect and helps identify the documents and information you will need to complete and submit a notice of significant change or new activity to the Bank.

  Content Type(s): Retail payments supervision materials, Guides Research Topic(s): Reporting, Supervision
• May 20, 2025

  How to complete an incident notice: A step-by-step guide

  This guide explains the questions you will need to answer in PSP Connect and helps identify the documents and information you will need to complete and submit an incident notice to the Bank.

  Content Type(s): Retail payments supervision materials, Guides Research Topic(s): Reporting, Supervision