The investor base for sovereign debt: Why diversification matters Staff analytical paper 2026-29 Sam Foxall, Jeffrey Gao Sovereign borrowing is rising, just as central banks are stepping back. Meanwhile, commercial bank holdings of sovereign bonds remain well below pre-global financial crisis levels. This leaves foreign investors and investment funds, often hedge funds, to absorb more of this growing supply. Their greater involvement supports liquidity and robust auction results, but it can also concentrate risk. Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G1, G18, G2, G28, H, H6, H63 Research Theme(s): Financial markets and funds management, Funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation
The Governor’s Challenge: A Decade of Success Staff analytical paper 2026-9 James Chapman, Stéphanie Houle, Lawrence L. Schembri The Governor’s Challenge (GC) by the Bank of Canada marked its tenth year as a successful outreach and education initiative, designed to strengthen public understanding of macroeconomics and monetary policy. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E5
October 17, 2019 Advances in Fixed Income Macro-Finance Research The Bank of Canada and the Federal Reserve Bank of San Francisco hosted the 7th Conference on Fixed Income Markets, discussing the implications for monetary policy of new research that focuses on bond and money markets. Content Type(s): Conferences and workshops
April 23, 2018 Environmental Scan To plan our future priorities, we have to take into account the environment in which we’re operating. Since we conducted our last environmental scan, the world has experienced a number of significant changes, and at great speed. More than ever, we need to prepare for a range of potential futures.
Extending the Labour Market Indicator to the Canadian Provinces Staff discussion paper 2016-2 Alexander Fritsche, Katherine Ragan Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E24, E27, J, J2, J21, J23 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
January 24, 2024 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
December 27, 2005 Analyzing the Evolution of Financial Instability Risk Financial System Review - December 2005 Céline Gauthier, Pierre St-Amant Content Type(s): Publications, Financial System Review articles
June 25, 2015 Building Trust, Not Walls: The Case for Cross-Border Financial Integration Remarks Lawrence L. Schembri Windsor–Essex Regional Chamber of Commerce Windsor, Ontario Deputy Governor Lawrence Schembri discusses the need to address cross-border obstacles to greater financial integration. Content Type(s): Press, Speeches and appearances, Remarks
June 23, 2003 CDSX: Canada’s New Clearing and Settlement System for Securities Financial System Review - June 2003 Darcey McVanel Content Type(s): Publications, Financial System Review articles
May 20, 2021 Release of the Financial System Review Opening statement Tiff Macklem Ottawa, Ontario Press conference following the release of the Financial System Review. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial markets, Financial stability, Fintech