April 23, 2002 The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions Context The objective of the Bank of Canada's securities-lending program is to support the liquidity of Government of Canada securities by providing a secondary and temporary source of securities to the market under the conditions listed below. Transaction Structure The structure of the transactions is securities lending (no cash collateral) pursuant to a securities-lending agreement […]
November 20, 2007 Managing Risks to Financial System Stability Remarks Pierre Duguay CFA Québec Québec, Québec The recent dislocations in credit markets have brought these issues into sharp focus. Among other things, the market turbulence has highlighted the critical role that confidence and liquidity play in financial markets. Content Type(s): Press, Speeches and appearances, Remarks
May 6, 2009 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world. Content Type(s): Press, Speeches and appearances, Opening statements
May 22, 2008 Principles for Liquid Markets Remarks Mark Carney New York Association for Business Economics New York, New York Over the past year, both private sector financial market participants and public sector authorities have been preoccupied with the topic of liquidity as never before. Throughout the financial market turbulence, private liquidity management has become tremendously important. Content Type(s): Press, Speeches and appearances, Remarks
December 15, 2022 CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
July 20, 2011 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
May 15, 1995 Monetary Policy Report – May 1995 This is the first in a series of semi-annual reports by the Bank of Canada on Canadian monetary policy. Content Type(s): Publications, Monetary Policy Report
Relationships in the Interbank Market Staff working paper 2016-33 Jonathan Chiu, Cyril Monnet In the interbank market, banks will sometimes trade below the central bank's deposit rate. We explain this anomaly using a theory based on market frictions and relationship lending. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E5 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Models and tools, Economic models, Monetary policy, Monetary policy tools and implementation
April 13, 2017 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published yesterday. At the time of our last appearance in October, I spoke about the factors that caused us to downgrade our outlook for […] Content Type(s): Press, Speeches and appearances, Opening statements
January 14, 1997 Annual Report 1996 In 1996 inflation remained within the Bank’s target range but was subject to downward pressure. The low rate of inflation contributed to a major easing in monetary conditions, and interest rates reached their lowest level in 30 years. Content Type(s): Publications, Annual Report