January 21, 2016 Commodity price index The Bank of Canada commodity price index (BCPI) is a chain Fisher price index of the spot or transaction prices in U.S. dollars of 24 commodities produced in Canada and sold in world markets.
February 6, 2023 University of Alberta crowned National Champion of The Governor’s Challenge The Bank of Canada is pleased to announce the University of Alberta has won the eighth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Announcements Source(s): The Governor's Challenge
July 12, 2024 Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations Effective Monday, July 15, 2024, dealer limits for Overnight Repo (OR) operations will increase to $3 billion for each eligible participant from the previous $1 billion. Content Type(s): Press, Market notices Source(s): Overnight repo operations
March 18, 2020 Bank of Canada employees to work remotely Media Relations Ottawa, Ontario The Bank of Canada today announced that it has completed arrangements for all employees to telework until further notice to protect the health of our staff and reduce the risk of transmission of COVID-19. Content Type(s): Press, Announcements
May 14, 2020 Release of the Financial System Review Opening statement Stephen S. Poloz Ottawa, Ontario Press conference following the release of the Financial System Review. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
January 29, 2025 Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate. Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
April 1, 2009 Sound Policy Measures will Rebuild Confidence, Guide Economies Through Challenging Times, says Governor Carney Media Relations Yellowknife, Northwest Territories Although the global and Canadian economies are in recessions triggered by the most severe financial meltdown since the 1930s, Canadians can have confidence that unprecedented policy measures will restore growth, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
November 18, 2013 Risk Management and Financial Reform Remarks Tiff Macklem Autorité des marchés financiers Montréal, Quebec Senior Deputy Governor Tiff Macklem discusses risk management and global financial reform. Content Type(s): Press, Speeches and appearances, Remarks
July 16, 2002 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 per cent. Content Type(s): Press, Press releases
Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications Staff working paper 2025-20 Xing Guo, Pablo Ottonello, Thomas Winberry, Toni Whited We develop a heterogeneous firm macro model with private information and quantify the aggregate relevance of asymmetric information. We find that a spike in private information account for 40% of the decline in aggregate investment during the 2007-2009 financial crisis and made monetary stimulus significantly less effective. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, D82, E, E2, E22, E3, E32, E5, E52, G, G3, G30 Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission