Posts

• November 14, 2018

  Financial System Resilience and House Price Corrections

  Thibaut Duprey, Xuezhi Liu, Cameron MacDonald, Maarten van Oordt, Sofia Priazhkina, Xiangjin Shen, Joshua Slive, Virginie Traclet

  We use models to better understand and assess how risks could affect the financial system. In our hypothetical scenario, a house price correction and elevated financial stress weigh on the economy. An increased number of households and businesses have difficulty repaying loans. Nonetheless, the large banks remain resilient.

  Content Type(s): Publications, Financial System Hub articles

• The Impact of Recent Policy Changes on the Canadian Mortgage Market

  Staff Analytical Note 2018-35 Olga Bilyk, Maria teNyenhuis

  Recent policy changes are having a clear impact on the mortgage market. The number of new, highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Credit and credit aggregates, Financial institutions, Interest rates, Recent economic and financial developments JEL Code(s): D, D1, E, E4, G, G2, G21, G28

• The Framework for Risk Identification and Assessment

  Technical Report No. 113 Cameron MacDonald, Virginie Traclet

  Risk assessment models are an important component of the Bank’s analytical tool kit for assessing the resilience of the financial system. We describe the Framework for Risk Identification and Assessment (FRIDA), a suite of models developed at the Bank of Canada to quantify the impact of financial stability risks to the broader economy and a range of financial system participants (households, businesses and banks).

  Content Type(s): Staff research, Technical reports Topic(s): Economic models, Financial institutions, Financial stability, Housing JEL Code(s): C, C3, C5, C6, C7, D, D1, E, E0, E00, E2, E27, E3, E37, E4, E47, G, G0, G2, G21
• November 13, 2018

  Changes to publication of interest rate statistics

  As of January 2019, the Bank of Canada will no longer publish the daily, weekly or monthly prime commercial paper (CP) or bankers’ acceptance (BA) rates. The Investment Industry Regulatory Organization of Canada (IIROC) will start publishing for informational purposes only the 1- and 3-month transaction based BA rates on the same date.

  Content Type(s): Press, Market notices
• November 13, 2018

  Capital Flows in Advanced Economies

  This conference examines the latest empirical and theoretical research surrounding capital flows for financial stability in advanced economies. The volatility and large size of capital flows has led to an international policy debate about their financial stability implications for advanced economies as well as potential ramifications for emerging economies.

  Content Type(s): Conferences and workshops
• November 9, 2018

  Quarterly Financial Report - Third Quarter 2018

  Quarterly Financial Report - Third Quarter 2018 - For the period ended September 30, 2018

  Content Type(s): Publications, Quarterly Financial Report
• November 6, 2018

  Government of Canada Cash Management Bond Buyback Program

  The Bank of Canada and the Department of Finance are announcing today that the pilot for the Government of Canada Cash Management Bond Buyback program will be made permanent.

  Content Type(s): Press, Market notices

• Calibrating the Magnitude of the Countercyclical Capital Buffer Using Market-Based Stress Tests

  Staff Working Paper 2018-54 Maarten van Oordt

  How much capital do banks need as a buffer to absorb severe shocks? By using historical stock market data, market-based stress tests help estimate the magnitude of capital buffers necessary to absorb severe but plausible shocks.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): G, G1, G10, G2, G21, G28
• November 5, 2018

  Making sense of financial markets worth the effort, Governor Poloz says

  Media Relations London, United Kingdom

  It can be a challenge for central banks to reconcile their views of the economy with signals from financial markets, but the effort is worthwhile, Bank of Canada Governor Stephen S. Poloz says in a speech today.

  Content Type(s): Press, Press releases
• November 5, 2018

  Making Sense of Markets

  Remarks Stephen S. Poloz Canada–UK Chamber of Commerce London, United Kingdom

  Governor Poloz discusses how the Bank uses financial market information in its monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Financial markets, Interest rates, Monetary policy, Recent economic and financial developments