Posts

• July 31, 2020

  Let's Talk Inflation

  Learn why we consulted with Canadians on renewing our monetary policy framework—and find out what we heard and what happens next.
• July 30, 2020

  Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 29, 2020

  Interim RPAC Meeting (July 29 and 30, 2020)

  Topics: Holding and safeguarding of end-user funds, operational risk

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee

• Is the stock market pricing in a V‑shaped recovery?

  Staff analytical note 2020-17 James Kyeong

  Major stock indexes have bounced back from their March 23 trough to about 10 percent below their peaks. However, stocks that are more sensitive to the business cycle have not performed as well during this market rally. This suggests that stock markets are pricing in a slower, shallower economic recovery.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E44, G, G1, G12, G14 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Real economy and forecasting

• Will exchange-traded funds shape the future of bond dealing?

  Staff analytical note 2020-16 Rohan Arora, Jean-Sébastien Fontaine, Corey Garriott, Guillaume Ouellet Leblanc

  Bond dealers have traditionally kept bonds in an inventory until clients buy them. But now, dealers have another way to access bonds for their clients: the exchange-traded fund. We discuss this new way to manage bond dealing and what it might mean for bond markets.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G2, G20, G23 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation
• July 27, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (August 4-August 14)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• July 27, 2020

  Securities Repo Operations

  The Bank of Canada’s Securities Repo Operations (SROs) program provides a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers to support liquidity in the securities financing market. The Bank makes a portion of its holdings of these securities available on an overnight basis through daily repurchase operations.
• July 27, 2020

  CARR Meeting (July 27, 2020)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• July 21, 2020

  Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction

  The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the Government of Canada Treasury Bill market have diminished significantly.

  Content Type(s): Press, Market notices
• July 21, 2020

  Bank of Canada announces changes to the Provincial Money Market Purchase (PMMP) program

  The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the short-term provincial borrowing market have diminished significantly.

  Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program