May 14, 2015 Fine-Tuning the Framework for the Bank’s Market Operations Remarks Lynn Patterson CFA Society Vancouver Vancouver, British Columbia Deputy Governor Lynn Patterson discusses proposed changes to the Bank’s financial market operations. Content Type(s): Press, Speeches and appearances, Remarks
November 16, 2017 An Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations Bank of Canada Review - Autumn 2017 Kaetlynd McRae, Sean Durr, David Manzo The Bank of Canada made changes to several of the tools that make up its framework for operations and liquidity provision. These changes came about after a comprehensive re-view of the framework and are designed to help the Bank better achieve its objectives of reinforcing the target for the overnight rate and supporting the well-functioning of Cana-dian financial markets under normal market conditions. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E4, E42, E44, E5, E52, E58, G, G0, G01, G1, G18
CORRA: Explaining the rise in volumes and resulting upward pressure Staff analytical note 2024-21 Boran Plong, Neil Maru On May 27, 2024, the settlement period for trading GoC bonds in the secondary market in Canada moved from two days to one. This shortened time for settling secondary cash bond trades caused CORRA volumes to rise significantly, and they have remained elevated since. This combined with the skew in demand for funding has pressured CORRA higher. We find no indications that any other factors are contributing to the most recent pressures on CORRA. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D4, D5, D53, E, E4, E43, E44, E5, E52, G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy tools and implementation
May 27, 2010 The Transmission Mechanism and the Effectiveness of Monetary Policy Actions Statement by Mark Carney, Governor of the Bank of Canada to the Standing Senate Committee on Banking, Trade and Commerce
December 20, 2006 Why Monetary Policy Matters: A Canadian Perspective Bank of Canada Review - Winter 2006-2007 Christopher Ragan This article provides answers to several key questions about Canadian monetary policy. First, what is monetary policy? Second, why does the Bank of Canada focus on the control of inflation rather than other macroeconomic variables? Third, how do the Bank's actions influence the rate of inflation? And, finally, how can monetary policy deliver genuine and significant benefits to society? Content Type(s): Publications, Bank of Canada Review articles
March 21, 2024 Going back to normal: The Bank of Canada’s balance sheet after quantitative tightening Remarks Toni Gravelle CFA Society Toronto Toronto, Ontario Deputy Governor Toni Gravelle provides an update on quantitative tightening and talks about how the Bank of Canada will manage its balance sheet once normalization ends. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Funds management
October 3, 2007 Liquidity, Liquidity, Liquidity Remarks David Longworth Investment Industry Association of Canada Toronto, Ontario Sound financial investment is important to individuals, to firms, and to society as a whole. By definition, investment is forward looking, and thus our future financial well-being is shaped by the soundness of the investment decisions we make today. Content Type(s): Press, Speeches and appearances, Remarks
May 17, 1996 The Transmission of Monetary Policy Gordon Thiessen, Bruce Montador, Kevin Clinton, Kevin Fettig, Donna Howard, Charles Freedman, Pierre Duguay, Stephen S. Poloz, Tim Noël Text of major 1995 lecture by Bank Governor Gordon Thiessen, plus articles from Bank of Canada Review and other sources Content Type(s): Publications, Books and monographs JEL Code(s): E, E5
June 1, 2010 SPRA/SRAs The Bank conducts Special Purchase and Resale Agreements (SPRAs) and Sale and Repurchase Agreements (SRAs) to implement its monetary policy framework in the LVTS environment. SPRAs and SRAs are used to reinforce the target overnight rate at the mid-point of the operating band.