November 19, 2008 Building Continuous Markets Remarks Mark Carney the Canada – United Kingdom Chamber of Commerce London, United Kingdom Throughout the years, Canada has been a major beneficiary of London's innovation. Companies of adventurers, conceived and funded in London, opened up large swathes of Canada to international trade. Content Type(s): Press, Speeches and appearances, Remarks
September 11, 2009 Understanding Corporate Bond Spreads Using Credit Default Swaps Bank of Canada Review - Autumn 2009 Alejandro García, Jun Yang Corporate bond spreads worldwide have widened markedly since the beginning of the credit crisis in 2007. This article examines default and liquidity risk–the main components of the corporate bond spread–for Canadian firms that issue bonds in the U.S. market, focusing in particular on their evolution during the credit crisis. They find that, during this period, the liquidity component increased more for speculative-grade bonds than it did for investment-grade bonds, consistent with a "flight-to-quality" phenomenon. An important implication of their results for policy-makers seeking to address problems in credit markets is that the liquidity risk in corporate spreads for investment and speculative bonds behaves differently than the default risk, especially during crisis episodes. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Econometric and statistical methods, Financial markets, Financial stability
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 […]
A Survey and Risk Analysis of Selected Non-Bank Retail Payments Systems Staff Discussion Paper 2008-17 Nikil Chande Payment services offered by non-banks have flourished in recent years. The author provides an overview of the different kinds of non-bank retail payments schemes currently available in Canada, illustrating each by focusing on a specific example. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Financial services, Payment clearing and settlement systems JEL Code(s): D, D1, D14, G, G2, G20
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Estimation of the Total Private Cost for Large Businesses Technical Report No. 110 Valéry Dongmo Jiongo The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods faced low response rates and outliers in sample data for two of its retailer strata: chains and large independent businesses. This technical report investigates whether it is appropriate to combine these two strata to produce more accurate estimates of the total private cost to large businesses of the main payment methods. Content Type(s): Staff research, Technical reports Research Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C8, C83
The Regulation of Central Securities Depositories and the Linkages between CSDs and Large-Value Payment Systems Technical Report No. 87 Charles Freedman This paper first describes the Bank of Canada's approach to the design of large-value clearing and settlement systems. It then examines the way the Bank has operated under the Payment Clearing and Settlement Act, passed by Parliament in July 1996. Content Type(s): Staff research, Technical reports Research Topic(s): Payment clearing and settlement systems JEL Code(s): G, G2, G20
May 30, 2024 Laying bare the evolution of payments in Canada Remarks Ron Morrow Payments Canada SUMMIT Toronto, Ontario Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision
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 Research Topic(s): Financial markets, Monetary policy and uncertainty, Recent economic and financial developments JEL Code(s): C, C8, C83, E, E4, E44, E5, E52, E58, G, G1, G12, G14
May 30, 2017 Governor’s Award nominations Find out the eligibility and process for Governor’s Award nominations.
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