October 31, 2022 Research Update - October 2022 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
Housing demand in Canada: A novel approach to classifying mortgaged homebuyers Staff analytical note 2022-1 Mikael Khan, Yang Xu We introduce a novel approach to categorize mortgaged homebuyers into first-time homebuyers, repeat homebuyers and investors. We show how these groups contribute to activity in Canadian housing markets, and we analyze the differences in their demographic and financial characteristics. Content Type(s): Staff research, Staff analytical notes JEL Code(s): R, R2, R21, R3, R31 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
Household financial vulnerabilities and physical climate risks Staff analytical note 2021-19 Thibaut Duprey, Colin Jones, Callie Symmers, Geneviève Vallée Natural disasters occur more often than before, potentially exposing households to financial distress. We study the intersection between household financial vulnerabilities and severe weather events. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C2, C21, C3, C38, D, D1, D14, Q, Q5, Q54 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit, Structural challenges, Climate change
Retrieving Implied Financial Networks from Bank Balance-Sheet and Market Data Staff working paper 2017-30 Jose Fique In complex and interconnected banking systems, counterparty risk does not depend only on the risk of the immediate counterparty but also on the risk of others in the network of exposures. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C63, D, D8, D85, G, G2, G21 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
February 25, 2013 Rebuilding Trust in Global Banking Remarks Mark Carney 7th Annual Thomas d’Aquino Lecture on Leadership - Lawrence National Centre for Policy and Management - Richard Ivey School of Business - Western University London, Ontario Bank of Canada Governor Mark Carney discusses the breakdown in trust in global banking and what is required to rebuild it. 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
January 30, 2023 Market Participants Survey—Questionnaire In each survey cycle, respondents are asked to complete a standardized questionnaire. Bank staff then conduct follow-up interviews with a subgroup of respondents.
February 3, 2017 Bank of Canada Announces a Reduction to the Minimum Amount of Government of Canada Nominal Bonds it Acquires at Auction The Bank of Canada announced today that it is decreasing its minimum purchase amount of nominal bonds at auctions to 14 per cent from the current 15 per cent level, effective immediately. Content Type(s): Press, Market notices
Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers Staff discussion paper 2019-1 James Chapman, Carolyn A. Wilkins The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E41, E42, E5, E51, E58, H, H4, P, P4, P43 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Money and payments, Cash and bank notes, Digital assets and fintech, Payment and financial market infrastructures