March 11, 2010 Principles for Interesting Times Remarks Mark Carney Carleton University Ottawa, Ontario I would like to thank students from universities across Canada for joining me on this special day, the 75th anniversary of the Bank of Canada Content Type(s): Press, Speeches and appearances, Remarks
Introducing the Bank of Canada’s Market Participants Survey Staff analytical note 2023-1 Annick Demers, Tamara Gomes, Stephane Gignac The Market Participants Survey (MPS) gathers financial market participants’ expectations for key macroeconomic and financial variables and for monetary policy. This staff analytical note describes the MPS’s objectives and main features, its process and design, and how Bank of Canada staff use the results. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C8, C83, E, E4, E44, E5, E52, E58, G, G1, G12, G14 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
November 12, 1998 The LVTS—Canada's Large-Value Transfer System Bank of Canada Review - Autumn 1998 James Dingle The LVTS is an electronic network for sending and receiving large-value payments. It is expected to become operational in the first half of 1999. Major chartered banks and other large deposit-taking institutions will provide access to the system for their clients in the financial, corporate and government sectors. Canada’s LVTS exceeds world standards for risk control in large-value systems. The author explains how this is achieved through the netting, bilateral and multilateral credit limits, collateral, and loss-sharing procedures used in the event of a default, and, as a last resort, a guarantee by the Bank of Canada. The LVTS gives participating institutions certainty of settlement for their LVTS positions every day, even if one or more participants default. This greatly reduces systemic risk in the financial system. Moreover, the LVTS supports finality of payment; that is, it makes funds unconditionally and irrevocably available to the receiver. Finality is highly desirable when the amount of the payment is substantial, or when exact timing is critical. Since the LVTS will carry the great majority of the value of all payments in Canada, it should be considered the core of the national payments system. Content Type(s): Publications, Bank of Canada Review articles
August 21, 2024 Case scenarios about payroll services The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Subject(s): Retail payments supervision, Holding funds, Registration
Non-Bank Financial Intermediation in Canada: An Update Staff discussion paper 2019-2 Guillaume Bédard-Pagé Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not prudentially regulated. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G0, G01, G2, G20, G23 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Money and payments, Digital assets and fintech
January 29, 2000 Annual Report 1999 The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards. Content Type(s): Publications, Annual Report
What Is Restraining Non-Energy Export Growth? Staff analytical note 2018-25 Dany Brouillette, José Dorich, Chris D'Souza, Adrienne Gagnon, Claudia Godbout This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E52, F, F1, F10, F14, F17 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
October 26, 2009 Reforming the Global Financial System Remarks Mark Carney Rendez-vous avec l'Autorité des marchés financiers Montréal, Quebec After briefly reviewing the current macrofinancial environment, I intend to concentrate on the G-20 reform agenda. The financial crisis has cost tens of millions of jobs and trillions of dollars in foregone output. Content Type(s): Press, Speeches and appearances, Remarks
October 25, 2005 RCMP management retreat Remarks David Dodge RCMP management retreat Ottawa, Ontario It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada." Content Type(s): Press, Speeches and appearances, Remarks
July 18, 2000 Proposed revisions to the rules pertaining to auctions of Receiver General term deposits (discussion paper) Comments: On 18 July 2000, the government and Bank of Canada made public a discussion paper concerning the management of the federal government's cash balances. The paper outlined the current framework and proposed changes, intended to increase competition and to strengthen the management of risks, in particular the credit risks involved in the investment of […]