May 24, 2022 An Overview of Lynx, Canada’s High-Value Payment System This document provides an overview of Lynx—Canada’s high-value payment system—and summarizes the system’s design. It explains the development and purpose of Lynx as well as the legal and regulatory framework governing its operation. It also describes the various settlement mechanisms and processes Lynx uses to allow system participants to meet their diverse payment needs while ensuring that risks that arise in the system are managed appropriately. Content Type(s): Background materials
April 13, 2006 Summary of the CFEC Survey on Foreign Exchange Hedging In December 2005, the Bank of Canada sent those banks that are members of the Canadian Foreign Exchange Committee (CFEC) a questionnaire that focused on the foreign exchange hedging activities of their corporate customers. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
December 23, 2004 Portrait of the Canadian Hedge Fund Industry Financial System Review - December 2004 Miville Tremblay Content Type(s): Publications, Financial System Review articles
November 12, 1997 Clearing and settlement systems and the Bank of Canada Bank of Canada Review - Autumn 1997 Clyde Goodlet Clearing and settlement systems are essential to the smooth functioning of a modern market-based economy such as Canada's. During the past decade, there have been significant efforts in Canada and abroad to improve electronic clearing and settlement systems that handle payments obligations, either uniquely or in conjunction with transactions related to the purchase and sale of a broad range of financial instruments such as debt, equity, foreign exchange, or derivatives. This article examines some of the risks faced by participants and end-users of these systems and reviews the Bank of Canada's role in relation to these systems. For a number of years, the Bank has been involved informally with major clearing and settlement systems with a view to ensuring that systemic risk is adequately controlled. In July 1996, the Payment Clearing and Settlement Act was proclaimed. This Act formalized the role of the Bank in the oversight of clearing and settlement systems for the purpose of controlling systemic risk. The article provides an overview of the Bank's responsibilities. It also describes certain new powers that the Act made available to the Bank that could be exercised in its dealings with clearing and settlement systems. Content Type(s): Publications, Bank of Canada Review articles
Monetary policy, interest rates and the Canadian dollar Staff analytical note 2025-2 Jean-Sébastien Fontaine, Ingomar Krohn, James Kyeong, Rishi Vala, Konrad Zmitrowicz Changes in domestic interest rates affect the value of the Canadian dollar less than changes in the risk premium do. These variations often occur when a broad shift in risk sentiment occurs in global markets. Ultimately, the value of the currency reflects long-term, slow-moving features of the economies. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E43, F, F3, F31, G, G1, G12 Research Theme(s): Financial markets and funds management, International markets and currencies, Monetary policy, Monetary policy framework and transmission
February 6, 2001 Monetary Policy Report Update – February 2001 On 23 January, the Bank reduced the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. Content Type(s): Publications, Monetary Policy Report
Non-bank financial intermediation: Canada’s submission to the 2023 global monitoring report Staff analytical note 2024-15 Malcolm Fisher, Alan Walsh We share insights from Canadian data from 2002 to 2022 that the Bank of Canada collected. The Bank submits these data each year to the Financial Stability Board for inclusion in its Global Monitoring Report on Non-Bank Financial Intermediation. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G2, G21, G22, G23 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk
April 24, 2019 Monetary Policy Report – April 2019 The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021. Content Type(s): Publications, Monetary Policy Report
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse Technical report No. 107 Stan Hatko Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey. Content Type(s): Staff research, Technical reports JEL Code(s): C, C8, C81, C83 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Retail payments
October 30, 2019 Monetary Policy Report – October 2019 The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021. Content Type(s): Publications, Monetary Policy Report