September 23, 2021 RPAC Meeting (September 23 and 24, 2021) Topics: Registration scope, registration process Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
September 22, 2021 Advance provision of benchmark details for Government of Canada bond auctions Effective immediately, the Bank of Canada, as fiscal agent to the Government of Canada, is announcing that benchmark details (maturity date) for Government of Canada bonds will now be published ahead of each fiscal quarter within its existing Quarterly Bond Schedule publications. Content Type(s): Press, Market notices
Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline Staff analytical note 2021-22 Olga Bilyk, Ken Chow, Yang Xu We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C2, C25, D, D1, D14, G, G2, G21, G5, G51, R, R2, R21 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
September 20, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (September 27–October 8) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
September 15, 2021 CFIF Meeting (September 15, 2021) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
September 14, 2021 CFEC Meeting (September 14, 2021) Conference Call Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
Rising US LNG Exports and Global Natural Gas Price Convergence Staff discussion paper 2021-14 Robert Ialenti We assess how rising exports of US liquefied natural gas affect the convergence of natural gas prices worldwide. Our results may have implications for the development of future LNG export capacity in Canada. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C3, C32, F, F1, F15, K, K4, K41, L, L9, L95 Research Theme(s): Financial markets and funds management, Market structure, Structural challenges, International trade, finance and competitiveness
Canadian housing supply elasticities Staff analytical note 2021-21 Nuno Paixão We explain how housing supply elasticities for Canadian cities are estimated. The procedure we use exploits the systematic differences in various cities’ sensitivity to regional house-price cycles. Content Type(s): Staff research, Staff analytical notes JEL Code(s): R, R1, R14, R3, R31, R5, R52 Research Theme(s): Financial system, Household and business credit, Monetary policy, Real economy and forecasting