November 5, 2009 Changes to Policy Regarding the Non-Mortgage Loan Portfolio as Collateral for the Bank of Canada's Standing Liquidity Facility (SLF) Given improved conditions in funding markets, the Bank of Canada is announcing that, starting 2 February 2010, its temporary measure of allowing Large Value Transfer System (LVTS) participants to assign their non-mortgage loan portfolios as eligible collateral for LVTS and Standing Liquidity Facility (SLF) purposes will be gradually reduced from 100 per cent to 20 per cent of each participant's total pledged collateral. Content Type(s): Press, Market notices
December 5, 2013 Senior Deputy Governor Tiff Macklem will leave the Bank in May 2014 Media Relations Ottawa, Ontario Senior Deputy Governor Tiff Macklem has announced that he will resign from the Bank of Canada next spring to become Dean of University of Toronto’s Rotman School of Management. Content Type(s): Press, Press releases
June 10, 2021 Going digital has helped the economy through COVID-19 Speech summary Timothy Lane Western Canadian Chapters of Advocis Edmonton, Alberta, Vancouver, British Columbia, Winnipeg, Manitoba Deputy Governor Timothy Lane talks about the Bank’s decision yesterday to leave the policy rate unchanged. He also discusses how adopting digital technologies supported resilience during the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth
How Do Households Respond to Expected Inflation? An Investigation of Transmission Mechanisms Staff working paper 2024-44 Janet Hua Jiang, Rupal Kamdar, Kelin Lu, Daniela Puzzello We conduct surveys to study how consumer spending responds to higher inflation expectations. Most respondents spend the same, sticking to fixed budget plans or not considering inflation for spending decisions. About 20% decrease spending because they feel poorer and cut spending to invest in inflation-proof assets. Very few increase spending. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D15, D8, D84, E, E2, E5, E52, E7 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting
June 22, 2020 Targeting inflation during the pandemic Speech summary Tiff Macklem Canadian Clubs and Cercles canadiens Ottawa, Ontario In his first speech, Governor Tiff Macklem explains how the Bank’s commitment to low, stable and predictable inflation has guided our actions during COVID-19. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
December 15, 2020 Trading for a sustainable recovery Remarks (delivered virtually) Tiff Macklem Greater Vancouver Board of Trade Vancouver, British Columbia Governor Tiff Macklem talks about how important trade is for the economic recovery. He discusses what policymakers and business leaders can do to encourage growth in trade. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
June 29, 2010 Bank of Canada Announces Details of its Term Repo Operation for Balance Sheet Management Purposes The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation. Content Type(s): Press, Market notices
June 29, 2011 Bank of Canada Announces Extension of Expanded Swap Facility with U.S. Federal Reserve in coordination with other central banks The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank today announced an extension of the existing temporary U.S. dollar liquidity swap arrangements through 1 August 2012. Content Type(s): Press, Market notices
March 13, 2020 Bank of Canada lowers overnight rate target to ¾ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices. Content Type(s): Press, Press releases
October 27, 2010 Financial Globalization and Financial Instability Conference held on 27 to 29 October 2010 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops