February 3, 2025 University of Ottawa crowned National Champion of The Governor’s Challenge The Bank of Canada is pleased to announce the University of Ottawa has won the tenth 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
December 5, 2025 Bank of Canada announces finalists for the eleventh annual Governor’s Challenge Media Relations Ottawa, Ontario The Bank of Canada has announced the five finalist teams in the 2025-26 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Press releases
November 23, 2021 Bank of Canada announces finalists for the seventh annual Governor’s Challenge The Bank of Canada has announced the five finalist teams in the 2021–22 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Announcements Source(s): The Governor's Challenge
May 27, 1998 Bank of Canada Governor speaks at La Conférence de Montréal Media Relations In a speech delivered today to delegates to La Conférence de Montréal, Bank of Canada Governor Gordon Thiessen examined the impact of financial market globalization on the world economy. Content Type(s): Press, Press releases
November 20, 2003 Technical Note: Elimination of Retroactive Settlement in the ACSS Bank of Canada Review - Autumn 2003 Eric Tuer Effective 1 November 2003, the Bank of Canada abandoned its practice of backdating the results of settlement of payments through the Automated Clearing Settlement System (ACSS). It has adopted instead a system of "next-day" settlement under which the results of the settlement process will appear on the central bank's books on the day the items actually settle in the ACSS. Since July 1986, settlement of these items had occurred at noon the day after items were presented for clearing, but the results were recognized on the Bank's books the previous day, through backdating, or "retroactive" settlement. The new system should simplify the payments process and improve the reporting of settlement risk, as well as promote cost-effectiveness within the payments systems. ACSS participants have agreed among themselves to implement an interest-compensation mechanism in order to avoid imposing a float charge on their customer base. Content Type(s): Publications, Bank of Canada Review articles
October 29, 2025 Monetary Policy Report—October 2025—Risks Risks related to Canada’s trade relationship with the United States remain elevated. The outlook could also be affected by risks that are not directly related to tariffs.
Alternative Futures for Government of Canada Debt Management Staff discussion paper 2018-15 Corey Garriott, Sophie Lefebvre, Guillaume Nolin, Francisco Rivadeneyra, Adrian Walton This paper presents four blue-sky ideas for lowering the cost of the Government of Canada’s debt without increasing the debt’s risk profile. We argue that each idea would improve the secondary-market liquidity of government debt, thereby increasing the demand for government bonds and thus lowering their cost at issuance. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G12, G2, G24, H, H6, H63 Research Theme(s): Financial markets and funds management, Funds management, Market functioning, Market structure
Potential output and the neutral rate in Canada: 2021 update Staff analytical note 2021-6 Dany Brouillette, Guyllaume Faucher, Martin Kuncl, Austin McWhirter, Youngmin Park We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E23, E24, E3, E37, E4, E43, E5, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting
November 9, 1996 Canada and international financial institutions Bank of Canada Review - Autumn 1996 Robert Lafrance, James Powell International financial institutions, such as the International Monetary Fund, the World Bank and the Bank for International Settlements, are important players in the global financial system. This article provides an overview of the major international financial institutions to which Canada belongs. The paper highlights their activities and the nature of Canada's involvement, including that of the Bank of Canada. Recent initiatives coming out of the Halifax and Lyon Summits to improve the effectiveness of international financial institutions are also noted. Content Type(s): Publications, Bank of Canada Review articles