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
February 11, 2013 Financial Stability in One Country? Remarks Timothy Lane Weatherhead Center for International Affairs - Harvard University Cambridge, Massachusetts Deputy Governor Tim Lane discusses the cross-border implications of financial instability and financial reform. Content Type(s): Press, Speeches and appearances, Remarks
November 6, 2018 External academic consultants Meet the academic consultants and researchers from outside the Bank who are working with us.
August 13, 2025 Summary of Governing Council deliberations: Fixed announcement date of July 30, 2025 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 30, 2025. Content Type(s): Publications, Summary of deliberations
Borrowing Costs for Government of Canada Treasury Bills Staff analytical note 2019-28 Jabir Sandhu, Adrian Walton, Jessica Lee The cost of borrowing Government of Canada treasury bills (t-bills) in the repurchase (repo) market is mainly explained by the relationship between the parties involved. Some pairs of parties conduct most of their repos for t-bills rather than bonds, and at relatively high borrowing costs. We speculate that these pairs have formed a mutually beneficial service relationship in which one party consistently receives t-bills, while the other receives cash at a relatively cheap rate. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G10, G11, G12, G2, G20, G21, G23, G3, G32 Research Theme(s): Financial markets and funds management, Funds management, Market functioning
Canadian Repo Market Ecology Staff discussion paper 2016-8 Corey Garriott, Kyle Gray This is the first of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The document discusses the organization of the repurchase-agreement (repo) market in Canada. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G18, G2, G21, G23 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation, Financial system regulation and oversight
December 12, 2022 Putting the resolute in resolutions: Looking ahead to lower inflation Remarks Tiff Macklem Business Council of British Columbia Vancouver, British Columbia Bank of Canada Governor Tiff Macklem discusses the important lessons from 2022 and explains what the Bank is doing to restore price stability for Canadians. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
April 12, 2017 Monetary Policy Report – April 2017 Canada’s economy is expected to grow by 2 1/2 per cent this year and just below 2 per cent in 2018 and 2019. Content Type(s): Publications, Monetary Policy Report
October 17, 2000 Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000 Lecture Gordon Thiessen Faculty of Social Science, University of Western Ontario Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory. Content Type(s): Press, Speeches and appearances, Lectures
Will Asset Managers Dash for Cash? Implications for Central Banks Staff discussion paper 2025-5 David Cimon, Jean-Philippe Dion, Jean-Sébastien Fontaine, Jabir Sandhu We consider ways central banks could adapt in the event of an increased risk of a dash for cash from asset managers. We explore ideas such as new facilities that ease asset managers’ ability to convert existing assets to cash or new assets with liquidity that central banks would guarantee. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E58, G, G0, G00, G01, G1, G2 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation