February 7, 2025 Securities Lending of the Government’s Holdings of Canada Mortgage Bonds The Department of Finance and the Bank of Canada, in its role as the Government of Canada’s fiscal agent, are announcing the launch of securities lending of the government’s Canada Mortgage Bond (CMB) holdings, to support market well-functioning. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
February 6, 2025 Structural change, supply shocks and hard choices Remarks (delivered virtually) Tiff Macklem Bank for International Settlements Mexico City, Mexico In panel remarks, Governor Tiff Macklem highlights the challenges ahead and discusses the role of monetary policy in a world with more structural change and supply shocks. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Inflation and prices, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability, Recent economic and financial developments
February 6, 2025 Remarks by Tiff Macklem, Governor of the Bank of Canada On Thursday, February 6, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak to the BIS Chapultepec Conference. Content Type(s): Press, Media advisories
February 6, 2025 Remarks: Tiff Macklem, Governor By videoconference 16:00 (CT) / 17:00 (ET) Mexico City, Mexico Content Type(s): Upcoming events
Effects of macroprudential policy announcements on perceptions of systemic risks Staff Analytical Note 2025-4 Thibaut Duprey, Victoria Fernandes, Kerem Tuzcuoglu, Ruhani Walia We introduce a history of macroprudential policy (MPP) events in Canada since the 1980s. We document the short-run effects of MPP announcements on market-based measures of systemic risk and find that MPPs can influence the market’s perception of large banks’ resilience. Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): E, E5, E58, G, G2, G21, G28, G3, G32
Exploring the drivers of the real term premium in Canada Staff Analytical Note 2025-3 Zabi Tarshi, Gitanjali Kumar Changes in the term premium can reflect uncertainty about inflation, growth and monetary policy. Understanding the key factors that influence the term premium is important when central banks make decisions about monetary policy. In this paper, we derive the real term premium from the nominal term premium in Canada. Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Financial markets, Interest rates, Monetary policy and uncertainty JEL Code(s): C, C5, C58, E, E4, E43, E47, G, G1, G12
February 5, 2025 Canadian Foreign Exchange Committee CFEC is a senior level industry-wide committee to facilitate the sharing of information between market participants and the Bank on the foreign exchange market.
February 5, 2025 CFEC Releases Results of October 2024 Foreign Exchange Volume Survey The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2024 semi-annual survey of foreign exchange volumes in Canada. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee