The International Exposure of the Canadian Banking System Staff working paper 2025-1 Christian Friedrich, Hanno Friedrich, Nick Lawrence, Javier Cortes Orihuela, Phoebe Tian In 2023, the share of Canadian banks’ foreign assets and liabilities amounted to around 50%. While Canadian banks engage domestically mostly with households and non-financial corporations, their most common counterparties abroad are non-bank financial institutions. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F2, F21, F23, F3, F31, F32, G, G2, G21, G23, G3 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Structural challenges, International trade, finance and competitiveness
Privacy-Enhancing Technologies for CBDC Solutions Staff discussion paper 2025-1 Rakesh Arora, Han Du, Raza Ali Kazmi, Duc-Phong Le Privacy-enhancing technologies (PETs) could offer solutions to safeguard end-user privacy and meet rigorous data protection standards for central bank digital currencies. We consider how PETs can transform privacy design in financial systems and the implications of their broader adoption. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E42, O, O3, O31 Research Theme(s): Financial system, Financial system regulation and oversight, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
Using new loan data to better understand mortgage holders Staff analytical note 2025-1 Odae Al Aboud, Saarah Sheikh, Adam Su, Yang Xu The Bank of Canada is using an enhanced dataset that tracks the stock of outstanding mortgages and home equity lines of credit held by federally regulated lenders. This paper highlights some of the new details in the dataset and how they impact the Bank’s understanding of the mortgage market. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D1, D12, D14, G, G2, G21, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
January 1, 2025 Governance documents Legislation, reports, plans, policies and other documents relating to the governance of the Bank.
December 31, 2024 Quarterly Research Update – 2024 Q4 This newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters