Strategic Complementarities and Money Market Fund Liquidity Management Staff working paper 2017-14 Jonathan Witmer Following the financial crisis, there has been increased regulatory focus on the management of liquidity in mutual funds and, specifically, whether funds hold enough liquidity to guard against the potential for investor runs. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F3, F30, G, G0, G01, G1, G18, G2, G20 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
May 31, 2026 $50 polymer note design elements Discover the artistry of the $50 note that features the Arctic research icebreaker, the CCGS Amundsen.
December 4, 2006 Debt Strategy 2007/08 Consultations The Department of Finance and the Bank of Canada are seeking views of government securities distributors, institutional investors, and other interested parties on conditions and developments in the Government of Canada securities market to support the development of the debt strategy for 2007/08.
Responding to the First Era of Globalization: Canadian Trade Policy, 1870–1913 Staff working paper 2018-42 Ian Keay, Patrick Alexander In this paper we document Canada’s trade policy response to late-nineteenth- and earlytwentieth-century globalization. We link newly digitized annual product-specific data on the value of Canadian imports and duties paid from 1870–1913 to establishment-specific production and location information drawn from the manuscripts of the 1871 industrial census. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F1, F13, F14, F4, F42, F6, F60, N, N7, N71 Research Theme(s): Structural challenges, International trade, finance and competitiveness
October 31, 2022 Research Update - October 2022 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
Demand-Driven Risk Premia in Foreign Exchange and Bond Markets Staff working paper 2025-29 Ingomar Krohn, Andreas Uthemann, Rishi Vala, Jun Yang We show how Treasury demand shocks transmit to foreign exchange and bond markets globally. Higher Treasury demand weakens the U.S. dollar and raises foreign bond prices, with effects persisting for two weeks. The transmission varies predictably across countries based on their monetary policy alignment with the United States. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F3, F30, F31, G, G1, G12, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Market functioning, Financial system, Financial stability and systemic risk
The Bank of Canada COVID‑19 stringency index: measuring policy response across provinces Staff analytical note 2021-1 Calista Cheung, Jerome Lyons, Bethany Madsen, Sarah Miller, Saarah Sheikh We construct an index that systematically measures and tracks the stringency of government policy responses to the COVID-19 pandemic across Canadian provinces. Researchers can use this stringency index to analyze how the pandemic is affecting the economy. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E20, H, H7, I, I1, I18, R, R1 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
Demographic Origins of the Decline in Labor’s Share Staff working paper 2023-20 Andrew Glover, Jacob Short Declining labour market dynamism of workers results in an increasing wedge between their earnings and their marginal product as they age. This wedge and the demographic shift in the earnings shares of older workers can account for 59% of the decline in labor’s share of earnings in the United States. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D3, D33, E, E2, E25, J, J1, J3, J6, J62 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
April 30, 2015 Research Update - April 2015 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters