Annick Demers

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Toward 2021

Reviewing the Monetary Policy Framework.

Financial System Hub

Promoting a stable and efficient financial system.

Canada’s Vertical $10 Note

Explore and share the $10 polymer bank note featuring Viola Desmond.

Upcoming changes to legal tender status for older bank notes

Find out what removing legal tender status means and which bank notes are affected.

Browse Publications

Browse and filter Bank of Canada publications by author, JEL code, topic and content type.

In our Financial System Review, we identify the main vulnerabilities and risks to financial stability in Canada and explain how they have evolved over the past year. This issue reflects the Bank’s judgment that the vulnerabilities associated with high household debt and imbalances in the housing market have declined modestly but remain significant.

Digital Currencies and Fintech

Understanding digital currencies and related financial technologies is an important part of our research agenda.

Browse Press

Browse and filter Bank of Canada press content by topic, author, location and content type.

The Merits of a Floating Exchange Rate

Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.

Staff Economic Projections

These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.

Latest

June 9, 2016

Large Canadian Public Pension Funds: A Financial System Perspective

Financial System Review - June 2016 Guillaume Bédard-Pagé, Annick Demers, Eric Tuer, Miville Tremblay

The authors review the eight largest public pension funds in Canada. These funds are an important source of retirement income for Canadians. They are also significant investors, with net assets under management of over $1 trillion. The authors outline the investment strategies of the funds and how they interact with financial institutions and participate in financial markets. They also discuss the ways in which the funds’ risk-management frameworks could contribute to financial system stability and how they minimize potential vulnerabilities.

Content Type(s): Publications, Financial System Review Article Topic(s): Financial Institutions, Financial stability, International financial markets JEL Code(s): G, G1, G11, G2, G23

November 19, 2015

The Effect of Regulatory Changes on Monetary Policy Implementation Frameworks

Bank of Canada Review - Autumn 2015 Meyer Aaron, Annick Demers, Sean Durr

This article provides an analysis of some recent banking regulatory initiatives that are likely to influence the activities of financial intermediaries and the effectiveness of central bank monetary policy implementation frameworks. Although the effects of individual regulations can be anticipated in most cases, the combined regulatory impact is not yet clear. Central banks should, however, be able to accommodate the effects of the emerging regulatory environment within their existing policy implementation frameworks.

Content Type(s): Publications, Bank of Canada Review Article Topic(s): Financial Institutions, Financial markets, Financial system regulation and policies, Monetary policy implementation JEL Code(s): E, E5, E52, G, G2, G21, L, L5, L50

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