October 9, 2025 Speech: Carolyn Rogers, Senior Deputy Governor 08:15 (ET) Toronto, ON Content Type(s): Upcoming events
An update on the Canadian money market mutual fund sector Staff Analytical Note 2025-25 Jabir Sandhu, Sofia Tchamova, Rishi Vala We examine the Canadian money market fund (MMF) sector and find that it has grown rapidly, holding a large share of treasury bills and commercial paper. Unlike in some other jurisdictions where investor outflows likely amplified stresses, Canadian MMFs experienced inflows during the March 2020 market turmoil. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial stability, Market structure and pricing, Monetary policy transmission JEL Code(s): E, E4, E40, G, G0, G00, G01, G1, G2, G23
October 9, 2025 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2025 Media Relations Ottawa, Ontario In April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest triennial survey of turnover activity in the foreign exchange (FX) and over-the-counter (OTC) derivatives markets in their respective countries. Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
October 9, 2025 Speech by Carolyn Rogers, Senior Deputy Governor of the Bank of Canada On Thursday, October 9, 2025, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will speak before the Canadian Club Toronto. Content Type(s): Press, Media advisories
October 9, 2025 Prosperity through productivity Speech summary Carolyn Rogers Canadian Club Toronto Toronto, Ontario Senior Deputy Governor Carolyn Rogers discusses how productivity growth can boost Canada’s prosperity and resilience, especially in a shock-prone world. Focusing on Canada’s banking sector, she explains how competition can improve productivity. But, she warns, it comes with trade-offs that must be managed carefully. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Financial institutions, Financial services, Financial system regulation and policies, Firm dynamics, Productivity
October 9, 2025 Productivity’s competitive edge Remarks Carolyn Rogers Canadian Club Toronto Toronto, Ontario Senior Deputy Governor Carolyn Rogers discusses how productivity growth can boost Canada’s prosperity and resilience. She also outlines how upcoming financial sector reforms are designed to increase competition. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Financial institutions, Financial services, Financial system regulation and policies, Firm dynamics, Productivity
BoC–BoE Sovereign Default Database: What’s new in 2025? Staff Analytical Note 2025-24 David Beers, Obiageri Ndukwe, Joe Berry The BoC–BoE database of sovereign debt defaults, published and updated annually by the Bank of Canada and the Bank of England, provides comprehensive estimates of stocks of government obligations in default. The 2025 edition highlights a decline in the US-dollar value of sovereign debt in default and provides more data about defaults on China’s official loans. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Debt management, Development economics, Financial stability, International financial markets JEL Code(s): F, F3, F34, G, G1, G10, G14, G15
October 3, 2025 The difference between the price level and inflation Price levels are a measure of the average cost of goods and services in the economy at a particular point in time. Inflation measures the rate of change in prices over a specific period. Content Type(s): Explainers Research Topic(s): Inflation and prices, Inflation targets