March 18, 2008 Bank of Canada Announces Recipients of Fellowship Award for 2008 Media Relations Ottawa, Ontario The Bank of Canada today announced that Professor Michael Devereux of the University of British Columbia and Professor Shouyong Shi of the University of Toronto are the recipients of the Bank's Research Fellowship for 2008. Content Type(s): Press, Press releases Source(s): Fellowship Program
Reassessing the Growth of HELOCs in Canada Using New Regulatory Data Staff analytical note 2019-14 Leila Al-Mqbali, Olga Bilyk, Stefan Caputo, James Younker Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs). Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D1, G, G2, G21, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
July 22, 2011 Global Financial Reform: Maintaining the Momentum Remarks Tiff Macklem G-20 Workshop on 7 July 2011 Paris, France In his remarks entitled Global Financial Reform: Maintaining the Momentum, delivered to the G-20 workshop organized by the Australian Treasury in Paris on 7 July 2011, Senior Deputy Governor Tiff Macklem reviews the achievements toward a more resilient financial system and the challenges related to oversight and regulation, and reducing contagion and harmful spillovers. Content Type(s): Press, Speeches and appearances, Remarks
Assessing the US and Canadian neutral rates: 2025 update Staff analytical note 2025-16 Frida Adjalala, Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Ingomar Krohn, Jan David Schneider We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range assessed in 2024. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting, Structural challenges, Demographics and labour supply
April 3, 2023 Business Outlook Survey—First Quarter of 2023 Results from the first-quarter 2023 Business Outlook Survey and the Business Leaders’ Pulse surveys from January through March 2023 show a subdued sales outlook and plans for modest growth in capital expenditures. The labour market remains tight, but pressures have eased from high levels. Content Type(s): Publications, Business Outlook Survey
February 25, 2020 Money and Payments in the Digital Age Remarks Timothy Lane CFA Montréal FinTech RDV2020 Montréal, Quebec Deputy Governor Timothy Lane explains how the Bank of Canada is preparing for a future where Canadians may need a digital currency issued by their central bank. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Financial markets, Fintech
February 10, 2011 Commodity Prices: The Long and the Short of It Remarks John Murray IPAC-Saskatchewan/Johnson/Shoyama Graduate School of Public Policy Regina, Saskatchewan Commodity prices are once again making headlines. Some commodity prices, such as those for copper and cattle, have reached record highs; others are rising quickly and approaching previous peaks. Content Type(s): Press, Speeches and appearances, Remarks
Applying the Wage-Common to Canadian Provinces Staff analytical note 2018-16 Jonathan Lachaine As at the national level, available sources of hourly wage data for Canadian provinces sometimes send conflicting signals about wage growth. This note has two objectives. First, we develop a common measure of provincial wages (the provincial wage-common) to better capture the underlying wage pressures, reflecting the overall trend across all data sources. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C3, C38, J, J3 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Structural challenges, Demographics and labour supply
Safe Payments Staff working paper 2020-53 Jonathan Chiu, Mohammad Davoodalhosseini, Janet Hua Jiang, Yu Zhu In a cashless economy, would the private sector invest in the optimal level of safety in a deposit-based payment system? In general, because of externalities, the answer is no. While the private sector could over- or under-invest in safety, the government can use taxes or subsidies to correct private incentives. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E42, E5, E50, G, G2, G21 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Retail payments
March 4, 2026 New players, old risks: Financial stability in a changing landscape Remarks Tiff Macklem Global Risk Institute (GRI) Toronto, Ontario Governor Tiff Macklem discusses how risks to financial stability are shifting as hedge funds and private credit play a growing role in global debt markets. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability