December 13, 2021 Opening statement by Tiff Macklem Opening statement Tiff Macklem National Press Theatre Ottawa, Ontario Governor Tiff Macklem discusses the renewed monetary policy framework agreed upon by the Government of Canada and the Bank of Canada. Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Inflation targets, Monetary policy communications, Monetary policy framework, Monetary policy implementation
April 10, 2008 Credit Markets, Financial Stability, and Monetary Policy Remarks David Longworth Global Investment Conference Lake Louise, Alberta Today, I'd like to discuss some of the crucial issues that we have been dealing with during this period. I'll begin with a brief overview of some key events that have led to the turbulence that continues to upset financial markets and that greatly contributed to the remarkably wide credit spreads that we now witness. Content Type(s): Press, Speeches and appearances, Remarks
June 9, 2016 Large Canadian Public Pension Funds: A Financial System Perspective Financial System Review - June 2016 Guillaume Bédard-Pagé, Annick Demers, Eric Tuer, Miville Tremblay The authors review the eight largest public pension funds in Canada. These funds are an important source of retirement income for Canadians. They are also significant investors, with net assets under management of over $1 trillion. The authors outline the investment strategies of the funds and how they interact with financial institutions and participate in financial markets. They also discuss the ways in which the funds’ risk-management frameworks could contribute to financial system stability and how they minimize potential vulnerabilities. Content Type(s): Publications, Financial System Review articles Research Topic(s): Financial institutions, Financial stability, International financial markets JEL Code(s): G, G1, G11, G2, G23
Implications of New Accounting Standards for the Bank of Canada's Balance Sheet Staff Discussion Paper 2007-2 Mark Zelmer, Grahame Johnson The Canadian Institute of Chartered Accountants (CICA) has implemented new accounting standards for the valuation and reporting of financial instruments. They are effective for the Bank of Canada in 2007. As a result of these changes, the Bank has begun valuing its holdings of Government of Canada treasury bills on a fair value basis and […] Content Type(s): Staff research, Staff discussion papers Research Topic(s): Financial institutions, Monetary policy framework JEL Code(s): E, E5, E58, M, M4
February 26, 2008 Summary of Comments - 2008/09 Debt Strategy Consultations In November 2007, officials from the Department of Finance and the Bank of Canada sought views from government securities distributors, institutional investors, and other interested parties on the design and operation of the Government of Canada domestic debt program for the fiscal year 2008/09 and beyond.
Explaining Unusual Cash Patterns in 2018 Staff Analytical Note 2019-22 Walter Engert, Ben Fung, Jozsef Molnar, Gradon Nicholls There was an unusually large decline of bank notes in circulation in October 2018. Some have argued that this was due to the legalization of cannabis in Canada in mid-October. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Bank notes, Digital currencies and fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58
December 5, 2019 Economic Progress Report: Charting Our Own Course Remarks Timothy Lane Ottawa Board of Trade Ottawa, Ontario Deputy Governor Timothy Lane talks about the different monetary policy paths taken by Canada and the United States over the last decade and reviews the Bank of Canada’s latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Monetary policy, Monetary policy framework, Recent economic and financial developments
CORRA: Explaining the rise in volumes and resulting upward pressure Staff Analytical Note 2024-21 Boran Plong, Neil Maru On May 27, 2024, the settlement period for trading GoC bonds in the secondary market in Canada moved from two days to one. This shortened time for settling secondary cash bond trades caused CORRA volumes to rise significantly, and they have remained elevated since. This combined with the skew in demand for funding has pressured CORRA higher. We find no indications that any other factors are contributing to the most recent pressures on CORRA. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial markets, Interest rates, Monetary policy implementation JEL Code(s): D, D4, D5, D53, E, E4, E43, E44, E5, E52, G, G1, G12
The US Labour Market: How Much Slack Remains? Staff Analytical Note 2016-9 Robert Fay, James Ketcheson Despite the US unemployment rate being close to estimates of the non-accelerating-inflation rate of unemployment (NAIRU), measures of underemployment remain elevated, which could be an indication of remaining labour market slack. The shares of involuntary part-time workers and long-term unemployment are high relative to the current stage of the business cycle, suggesting available labour inputs are being underutilized. Content Type(s): Staff research, Staff analytical notes Research Topic(s): International topics, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, J, J2, J21, J23
September 25, 2011 Some Current Issues in Financial Reform Remarks Mark Carney Institute of International Finance Washington, D.C. Governor Mark Carney discusses current financial system reform initiatives in a speech to the Institute of International Finance. Content Type(s): Press, Speeches and appearances, Remarks