December 16, 2009 Current Issues in Household Finances Remarks Mark Carney The National Forum (Canadian Club of Toronto and Empire Club of Canada) As the holiday season approaches, our attention turns naturally to the home front. Accordingly, my comments this afternoon will focus on households. I would like to concentrate in particular on the implications of Canadian household finances for financial stability in our country. Content Type(s): Press, Speeches and appearances, Remarks
August 27, 2020 The imperative for public engagement Remarks (delivered virtually) Tiff Macklem Federal Reserve Bank of Kansas City Jackson Hole Symposium Jackson Hole, Wyoming Governor Tiff Macklem talks about the need for the Bank to be clear, relatable and understandable when it communicates with the public. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework
November 7, 2007 Developing a Framework to Assess Financial Stability Conference held on 7 and 8 November 2007 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
December 9, 1996 The Canadian market for zero-coupon bonds Bank of Canada Review - Winter 1996-1997 Miles Whittingham A conventional bond is a debt instrument consisting of a series of periodic coupon payments plus the repayment of the principal at maturity. As the name suggests, a zero-coupon bond has no coupon payments. It has only a single payment consisting of the repayment of the principal at maturity. The zero-coupon bond is sold at a discount and then redeemed for its face value at maturity. The return to the investor is the difference between the face value of the bond and its discounted purchase price. In this article, the author examines the investment characteristics of zero-coupon bonds. In particular, a type of zero-coupon bond known as a strip bond is discussed. A strip bond is created by stripping coupon payments from conventional bonds. The strip bond market in Canada has grown substantially since the late 1980s and is now an integral part of Canadian fixed-income markets. As well, the opportunity to trade in the strip bond market improves the liquidity and efficiency of Canadian fixed-income markets, thus helping to reduce the overall cost of borrowing to the government. Content Type(s): Publications, Bank of Canada Review articles
October 18, 2021 Business Outlook Survey―Third Quarter of 2021 Firms anticipate stronger demand as pandemic conditions improve, according to results from the Business Outlook Survey in the third quarter of 2021. However, many businesses face supply constraints that will limit their sales and put upward pressure on their costs. Together, these demand pressures and supply challenges are driving widespread plans to invest, hire staff and increase prices. Content Type(s): Publications, Business Outlook Survey
Analyzing supply and demand for business loans using microdata from the Senior Loan Officer Survey Staff analytical note 2021-13 Dylan Hogg Both supply and demand factors help determine the level of business lending in the economy, but most data show only their combined effect on prices and quantities. Using the Bank of Canada’s Senior Loan Officer Survey microdata on financial institutions’ lending conditions and demand, we separate supply from demand effects. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D2, D22, G, G0, G01, G2 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
September 28, 2018 The benefits of freer trade Stephen Murchison, Alex Chernoff Freer trade lowers prices and boosts economies, yet not everyone benefits equally. Fair policies are essential for balanced growth and widespread prosperity. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Monetary policy, Economic models, Economy/Economic growth
April 13, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
September 25, 2008 Reflections on Recent International Economic Developments Remarks Mark Carney Canadian Club of Montreal Montréal, Quebec The events of the past few weeks in global financial markets have been dramatic. Money and credit markets seized up. There was a massive flight to the safety of the highest quality of government debt. Content Type(s): Press, Speeches and appearances, Remarks