Are Hedge Funds a Hedge for Increasing Government Debt Issuance? Staff Discussion Paper 2025-7 Adam Epp, Jeffrey Gao This paper studies the rapid increase since 2019 of Government of Canada (GoC) debt issuance alongside greater hedge fund participation at GoC bond auctions. We find a systematic relationship between GoC debt stock and hedge fund bidding shares at auction. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Debt management, Financial institutions, Financial markets, Financial stability JEL Code(s): D, D4, D44, G, G1, G12, G2, G23, H, H6, H63
May 8, 2025 The Bank of Canada releases the 2025 Financial Stability Report The Financial Stability Report will be released on Thursday, May 8, 2025. Content Type(s): Press, Media advisories
May 8, 2025 Financial Stability Report—2025 Tiff Macklem, Carolyn Rogers, Toni Gravelle, Sharon Kozicki, Rhys R. Mendes, Nicolas Vincent, Michelle Alexopoulos Canada’s financial system is resilient. Overall, households, businesses, banks and non-bank financial intermediaries successfully weathered the pandemic, a period of elevated inflation, and sharp increases in interest rates. But the trade war currently threatens the Canadian economy and poses risks to financial stability. Content Type(s): Publications, Financial Stability Report
May 8, 2025 Financial System Survey highlights—2025 This article presents the key results from the 2025 Bank of Canada Financial System Survey, conducted between February 10 and 28. The survey included a special section on scenarios that could lead to a severe repricing in financial markets in the near term. Content Type(s): Publications, Financial System Survey
May 8, 2025 Release of the Financial Stability Report Opening statement Tiff Macklem, Carolyn Rogers Ottawa, Ontario Press conference following the release of the Financial Stability Report. Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Business fluctuations and cycles, Debt management, Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, International financial markets, Recent economic and financial developments
May 8, 2025 Bank of Canada Media Interview – Wall St. Journal Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, gave an interview to Paul Vieira of the Wall St. Journal. Content Type(s): Press, Media advisories
May 6, 2025 CFIF Meeting (May 6, 2025) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
May 1, 2025 Bank of Canada announces 2024–25 scholarship recipients The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, francophones, and students who identify as a woman or as a member of a visible minority or racialized group. Content Type(s): Press, Announcements Source(s): Scholarship awards
April 30, 2025 Addition of One Government Securities Distributor for Government of Canada Securities The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new Government Securities Distributor (GSD) for Government of Canada marketable bonds and treasury bills. Content Type(s): Press, Market notices