May 30, 2025 Details on the reopening of off-the-run Government of Canada nominal bonds This document presents the operational details pertaining to reopening off-the run Government of Canada (GoC) nominal bonds.
The Optimum Quantity of Central Bank Reserves Staff working paper 2025-15 Jonathan Witmer This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that characterizes the socially optimal level of reserves, demonstrating that this quantity is neither necessarily large nor small but depends on the marginal benefits of reserves relative to alternative safe assets. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E41, E42, E5, E58, G, G2, G21, G28 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Monetary policy, Monetary policy tools and implementation
May 24, 2025 The New York Times Tiff Macklem, Governor of the Bank of Canada Interview with The New York Times Content Type(s): Press, Media activities
May 23, 2025 The Globe and Mail Tiff Macklem, Governor of the Bank of Canada Interview with The Globe and Mail Content Type(s): Press, Media activities
May 23, 2025 Bank of Canada Media Interview – The New York Times Tiff Macklem, Governor of the Bank of Canada, gave an interview to Alan Rappeport and Ian Austen of the The New York Times. Content Type(s): Press, Media advisories
May 22, 2025 Conference on Fixed Income Research and Implications for Monetary Policy The Bank of Canada, the Federal Reserve Bank of Chicago, and the Federal Reserve Bank of San Francisco are hosting the 9th bi-annual conference on Fixed Income Research and Implications for Monetary Policy, to be held in San Francisco on May 22-23, 2025. Content Type(s): Conferences and workshops
May 22, 2025 Bank of Canada Media Interview – The Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper. Content Type(s): Press, Media advisories