May 26, 2011
Results of the 26 May 2011 Term Repo Operation for Balance Sheet Management Purposes
Results of the Term Repo Operation for Balance Sheet Management Purposes
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May 25, 2011
Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation
The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes. -
May 19, 2011
The Changing Face of Risk in the Global Financial System
I know that risk is ever-present in your work, as you fulfill your commitments to the beneficiaries and sponsors of your pension plans. Important risks surround the investment performance of those plans, as well as the value of pension liabilities. -
May 19, 2011
Lessons from the Use of Extraordinary Central Bank Liquidity Facilities
The recent crisis was characterized by widespread deterioration in funding conditions, as well as impairment of the mechanism through which liquidity is normally redistributed within the financial system. Central banks responded with extraordinary measures. This article examines the provision of liquidity by central banks during the crisis as they adapted their existing facilities and introduced new ones, while encouraging a return to private markets and mitigating moral hazard. A review of this experience illustrates the importance of clear principles for intervention, a flexible operating framework, and clear communication and co-operation by central banks. By exposing the degree of interdependence of financial institutions and markets, the crisis highlighted the need for reforms aimed at improving the infrastructure supporting core funding markets and the liquidity of individual institutions. -
May 16, 2011
Canada in a Multi-Polar World
Governor Mark Carney discusses the forces that are transforming the global economic landscape and their implications for the Canadian economy. -
May 6, 2011
Monetary Policy and Resource Mobility
Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh -
April 13, 2011
Release of the Monetary Policy Report
As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion. -
April 13, 2011
Monetary Policy Report – April 2011
This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 8 April 2011. -
April 12, 2011
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
April 4, 2011
Business Outlook Survey - Spring 2011
Businesses remain positive about the economic outlook, although some forward-looking indicators have eased from the levels recorded in recent surveys, and the strength in commodity prices has raised expectations for costs and inflation.
Erratum: Please note that the legend for Chart 9 (French version only) should read as follows: au-dessus de 3 % , rather than au-dessous de 3 %