News

• December 15, 2015

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
• December 15, 2015

  Bank of Canada says housing vulnerabilities have edged higher, but financial system remains resilient

  Media Relations Ottawa, Ontario

  Vulnerabilities in the housing sector have edged higher, the Bank of Canada said today in its Financial System Review (FSR), while the overall level of risk to Canada’s financial system has remained roughly unchanged since June. The Bank continues to identify two key vulnerabilities related to the Canadian household sector: the elevated level of household […]

  Content Type(s): Press, Press releases
• December 15, 2015

  Financial System Review - December 2015

  

  The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2015 issue features two reports on significant developments in the financial system related to household finances: the importance of residential mortgage securitization for Canadian housing finance and the changing patterns of indebtedness of Canadian households.

  Content Type(s): Publications, Financial Stability Report
• December 8, 2015

  Bank of Canada updates framework for unconventional monetary policy measures

  Media Relations Toronto, Ontario

  The Bank of Canada is applying lessons from the global financial crisis as it updates its framework for the use of unconventional monetary policy measures, Governor Stephen S. Poloz said. “We don’t need unconventional policies now, and we don’t expect to use them. However, it’s prudent to be prepared for every eventuality,” Governor Poloz said […]

  Content Type(s): Press, Press releases
• December 8, 2015

  Prudent Preparation: The Evolution of Unconventional Monetary Policies

  Remarks Stephen S. Poloz The Empire Club of Canada Toronto, Ontario

  Governor Poloz speaks about the Bank’s updated framework for unconventional monetary policies.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Central bank research, Interest rates, Monetary policy framework, Monetary policy implementation, Recent economic and financial developments
• December 4, 2015

  Bank of Canada introduces The Governor’s Challenge, a new student competition

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• December 3, 2015

  Bank of Canada Publishes Updated Framework for Financial Market Operations and Liquidity Provision

  Today, the Bank of Canada published its updated framework for financial market operations and liquidity provision.

  Content Type(s): Press, Announcements
• December 2, 2015

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• November 24, 2015

  Promoting Canada’s economic and financial well-being

  Presentation Lynn Patterson Department of Economics, University of Regina Regina, Saskatchewan

  Deputy Governor Lynn Patterson discusses the Bank of Canada’s core functions and the global and Canadian economic outlook.

  Content Type(s): Press, Speeches and appearances, Presentations
• November 23, 2015

  Process for selecting a Deputy Governor of the Bank of Canada

  Further to the 26 October 2015 announcement that Deputy Governor Agathe Côté will retire at the end of January 2016, the process to appoint her successor has been initiated. The Board of Directors has formed a selection committee to conduct the search and selection process, with the assistance of global executive recruiting firm Boyden.

  Content Type(s): Press, Announcements