November 22, 2004 The Evolving Financial System and Public Policy: Conference Highlights and Lessons Bank of Canada Review - Autumn 2004 Pierre St-Amant, Carolyn A. Wilkins At the 12th annual Bank of Canada economic conference, held in Ottawa on 4 and 5 December 2003, representatives from various public and private organizations and Bank of Canada staff discussed papers presented on three key issues affecting the financial system: financial contagion, the implications of bank diversification, and financial sector regulation. Papers on financial contagion studied the effect of globalization on Canadian foreign-asset exposures, developed a general-equilibrium model of a competitive interfirm lending market in which firms can borrow or lend, and used market-based indicators to determine the probability that contagion can be generated by interbank exposures. The papers on bank diversification focused on the links between the changing behaviour of financial institutions and risk-return trade-offs. Issues of financial sector regulation included the relationship between governance and financial sector soundness, the theoretical basis of bank regulations for capital requirements, and the implications of bank capital requirements for the transmission of monetary policy. A panel discussion provided extended discussion of the conference papers. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Financial institutions, Financial markets, Financial services
December 15, 2021 Our monetary policy framework: Continuity, clarity and commitment Remarks (delivered virtually) Tiff Macklem Empire Club of Canada Toronto, Ontario Governor Tiff Macklem discusses the Bank of Canada’s renewed monetary policy framework. He reviews Canada’s experience with flexible inflation targeting and explains why the Bank and the Government of Canada agreed to renew the 2 percent inflation target. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Expectations, Inflation and prices, Inflation targets, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Monetary policy implementation, Recent economic and financial developments
May 24, 2017 Collaboration on the regulatory agenda We help manage the benefits and risks of fintech and digital currencies at the international level through our work with the Financial Stability Board, the International Monetary Fund and the Bank for International Settlements.
April 4, 2019 Annual Report 2018 The Annual Report outlines the Bank’s activities and achievements in 2018. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
The Shift in Canadian Immigration Composition and its Effect on Wages Staff Discussion Paper 2025-8 Julien Champagne, Antoine Poulin-Moore, Mallory Long We document recent changes in Canadian immigration, marked by an increasing prevalence of temporary residency. Using microdata from Statistics Canada's Labour Force Survey, we show that temporary workers' characteristics and nominal wages have diverged from those of Canadian-born workers. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Labour markets, Productivity JEL Code(s): J, J2, J20, J24, J6, J61
February 10, 2020 Research paper awards At the Bank of Canada, we’re pleased to offer awards for research papers by students and by staff.
November 20, 2007 Managing Risks to Financial System Stability Remarks Pierre Duguay CFA Québec Québec, Québec The recent dislocations in credit markets have brought these issues into sharp focus. Among other things, the market turbulence has highlighted the critical role that confidence and liquidity play in financial markets. Content Type(s): Press, Speeches and appearances, Remarks
Introducing the Bank of Canada's Projection Model for the Global Economy Technical Report No. 99 Jeannine Bailliu, Patrick Blagrave, James Rossiter To complement its existing set of tools to analyze and forecast developments in the global economy, the Bank of Canada recently developed a version of the Global Projection Model (GPM) jointly with staff at the International Monetary Fund. Content Type(s): Staff research, Technical reports Research Topic(s): Business fluctuations and cycles, Economic models, International topics JEL Code(s): C, C6, C68, E, E2, E27, E3, E37, F, F0, F01
November 10, 2008 The Quest for Confidence: 400 Years of Money – from La Nouvelle France to Canada Today Remarks Pierre Duguay students and faculty of Laval University Québec, Québec As we celebrate the 400th anniversary of the founding of Quebec, I thought it would be fitting for me, as a central banker, to take a look at how money has evolved over part of the past four centuries. Content Type(s): Press, Speeches and appearances, Remarks
March 24, 2020 COVID-19: Actions to support the economy and financial system Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.