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November 29, 2021

Speech: Symposium on Indigenous Economies

Symposium on Indigenous Economies — Tiff Macklem, Governor of the Bank of Canada, speaks by videoconference (14:00 (ET) approx.).

November 29, 2021

Remarks by Tiff Macklem, Governor of the Bank of Canada, and by Lawrence Schembri, Deputy Governor

On Monday, November 29, and Tuesday, November 30, 2021, the Bank of Canada will host the inaugural Symposium on Indigenous Economies, a joint conference of the Bank of Canada, the Tulo Centre of Indigenous Economics and the Reserve Bank of New Zealand. It is the first in a series of bi-annual events examining the unique economic issues facing Indigenous peoples. The Symposium seeks to build cultural awareness and foster inclusion, strengthen engagement with Indigenous communities and support economic and financial education for and about Indigenous people.
Content Type(s): Press, Media advisories

The Countercyclical Capital Buffer and International Bank Lending: Evidence from Canada

Staff Working Paper 2021-61 David Xiao Chen, Christian Friedrich
We examine the impact of the CCyB on foreign lending activities of Canadian banks. We show that the announcement of a tightening in another country’s CCyB leads to a decrease in the growth rate of cross-border lending between Canadian banks and borrowers in that other country.
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