June 8, 2023 Speech by Paul Beaudry, Deputy Governor of the Bank of Canada On Thursday, June 8, 2023, Paul Beaudry, Deputy Governor of the Bank of Canada will speak before the Greater Victoria Chamber of Commerce. Content Type(s): Press, Media advisories
January 16, 2024 Operational Details for Government Purchases of Canada Mortgage Bonds In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
January 24, 2024 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
January 15, 2024 Flood risk and residential lending Craig Johnston, Geneviève Vallée, Hossein Hosseini, Miguel Molico, Marie-Christine Tremblay, Aidan Witts We present key findings of a recent study that evaluates the credit risk that flooding poses to the residential lending activities of Canadian banks and credit unions. Results show that such risk currently appears modest but could become larger with climate change. Content Type(s): Publications, Financial System Hub articles Topic(s): Central bank research, Climate change, Credit risk management, Econometric and statistical methods, Financial institutions, Financial stability JEL Code(s): C, C8, C81, G, G2, G21, Q, Q5, Q54
January 15, 2024 Canadian Survey of Consumer Expectations—Fourth Quarter of 2023 Consumers believe inflation has fallen, but their expectations for inflation in the near term are showing little progress in returning to pre-pandemic levels. Slow progress may be due to persistently high inflation expectations for services such as rent. In addition, consumers increasingly think domestic factors, such as high government spending, are supporting high inflation, and they believe these factors will take longer to resolve than global factors. Consumers have adjusted their behaviour in response to prolonged high inflation—more people are paying attention to inflation and changing their spending habits. However, actions that may support inflation, such as seeking wage increases to offset it, are dissipating. The negative effects of high interest rates are broadening, and indicators of household financial stress are deteriorating. Consumers remain uncertain about the economic outlook, and this uncertainty is weighing on their spending plans. Workers think the labour market has weakened slightly. However, expectations for wage growth remain high, supported by cost-of-living adjustments in some workers’ wage contracts. Content Type(s): Publications, Canadian Survey of Consumer Expectations
September 13, 2023 CFIF publishes an update on the transition away from BAs With the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024, Bankers’ Acceptances (BA) will no longer be issued by the major Canadian banks. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
September 6, 2023 Bank of Canada Interest Rate Announcement On Wednesday, September 6, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Content Type(s): Press, Media advisories
August 28, 2023 Debt Management Strategy Consultations – 2024-25 The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2024-25 and beyond. Content Type(s): Press, Market notices
September 4, 2015 $20 commemorative polymer note Learn about the unique and shared design elements of the $20 note that celebrates the historic reign of Queen Elizabeth II.
May 1, 2024 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor 16:15 (ET) Standing Senate Committee on Banking, Commerce and the Economy Ottawa, Ontario Content Type(s): Upcoming events