December 16, 2021 CARR publishes White Paper on the recommended future of CDOR In October 2020, the Canadian Alternative Reference Rate (CARR) working group was tasked with analyzing the current status of the Canadian Dollar Offered Rate (CDOR) and to make recommendations based on that analysis. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
January 21, 2019 CARR Meeting (January 21, 2019) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
October 7, 2021 The long and short of it: A balanced vision for the international monetary and financial system Remarks (delivered virtually) Tiff Macklem Council on Foreign Relations Washington, D.C. Governor Tiff Macklem advocates for global coordination to strengthen the international monetary and financial system. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
Calculating Effective Degrees of Freedom for Forecast Combinations and Ensemble Models Staff discussion paper 2022-19 James Younker This paper derives a calculation for the effective degrees of freedom of a forecast combination under a set of general conditions for linear models. Computing effective degrees of freedom shows that the complexity cost of a forecast combination is driven by the parameters in the weighting scheme and the weighted average of parameters in the auxiliary models. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C0, C01, C02, C1, C13, C5, C50, C51, C52, C53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
March 10, 2011 Bank of Canada Announces Further Details on New Series of Polymer Bank Notes Media Relations Ottawa, Ontario The Bank of Canada today announced that it will begin circulating a new $100 polymer bank note in November 2011, with a polymer $50 note to follow in March 2012. The Bank also provided further technical and background information about the new bank notes. Content Type(s): Press, Press releases
August 21, 2007 Bank of Canada sees joint commitment by major Bank CEOs on bank-sponsored asset-backed commercial paper (ABCP) as positive step Media Relations Ottawa, Ontario The Bank of Canada continues to monitor the functioning of Canada's financial markets and to make liquidity available as required. The commitment by Canada's major bank CEO's to work together to support the performance and liquidity of the market for bank-sponsored asset-backed commercial paper (ABCP) is a further positive step to help re-establish well functioning […] Content Type(s): Press, Press releases
June 16, 2021 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
November 20, 1995 Monetary Policy Report – November 1995 This is the second in a series of semi-annual reports designed to increase the transparency and understanding of Canadian monetary policy. Content Type(s): Publications, Monetary Policy Report
May 18, 2005 Bank of Canada Issues Upgraded $10 Bank Note Media Relations Ottawa, Ontario The Bank of Canada today put into circulation an upgraded $10 bank note with enhanced security features. The design, colour, and theme (Remembrance and Peacekeeping) of the upgraded $10 note are the same as those of the previously issued $10 note from the Canadian Journey series. Content Type(s): Press, Press releases
March 28, 2014 Annual Report 2013 2013 proved to be a challenging year for the Bank of Canada. Inflation continued to drift below target, and the economy failed to move onto a more sustainable track. The 2013 Annual Report highlights key achievements over the year, describes the Bank’s corporate governance, and presents the financial statements in conjunction with Management’s Discussion and Analysis. Content Type(s): Publications, Annual Report