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8939 Results

Decomposing Large Banks’ Systemic Trading Losses

Staff Working Paper 2024-6 Radoslav Raykov
Do banks realize simultaneous trading losses because they invest in the same assets, or because different assets are subject to the same macro shocks? This paper decomposes the comovements of bank trading losses into two orthogonal channels: portfolio overlap and common shocks.
March 6, 2024

Press Conference: Policy Rate Announcement – March 2024

Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

March 6, 2024

Interest Rate Announcement

09:45 (ET)
On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision.

Content Type(s): Upcoming events
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