Posts

• Analyzing the house price boom in the suburbs of Canada’s major cities during the pandemic

  Staff Analytical Note 2022-7 Louis Morel

  We assess how location affects house prices in Canada. The gap in prices between suburbs and downtown was closing gradually before the pandemic. The gap has been closing faster since spring 2020. This finding reflects a shift in preferences toward more living space.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Asset pricing, Coronavirus disease (COVID-19), Financial stability, Housing JEL Code(s): R, R2, R21, R23, R3, R32

• Endogenous Liquidity and Capital Reallocation

  Staff Working Paper 2022-27 Wei Cui, Randall Wright, Yu Zhu

  We study economies where firms acquire capital in primary markets then retrade it in secondary markets after information on idiosyncratic productivity arrives. Our secondary markets incorporate bilateral trade with search, bargaining and liquidity frictions.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Monetary policy JEL Code(s): E, E2, E22, E4, E44
• June 16, 2022

  RPAC Meeting (June 16, 2022)

  Topics: Demonstration of self-assessment questionnaire and web portal

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee

• Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners

  Staff Working Paper 2022-26 Daniela Balutel, Christopher Henry, Kim Huynh, Marcel Voia

  We estimate the effect that owning Bitcoin has on the amount of cash held by Canadian consumers. Our results question the view that adopting certain new technologies, such as Bitcoin, leads to a decline in cash holdings.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, E, E4, O, O3, O33, O5, O51
• June 14, 2022

  CFEC Meeting (June 14, 2022)

  Conference Call

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• June 14, 2022

  CARR extends Term CORRA consultation deadline to 30 June

  Reflecting a number of requests for additional time to respond to CARR’s Term CORRA consultation, CARR will now accept comments until June 30, 2022.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 14, 2022

  The Bank of Canada Museum announces recipients of new Award for Excellence in Teaching Economics

  The Bank of Canada Museum is honouring two outstanding educators with a new award that recognizes exemplary work in teaching students about the economy.

  Content Type(s): Press, Announcements
• June 9, 2022

  Government of Canada Cancels Ultra-Long Bond Issuance

  The Government of Canada has decided to cancel the issuance of its 1 December 2064 bond. As such, the previously announced auction on 16 June 2022 is suspended.

  Content Type(s): Press, Market notices
• June 9, 2022

  Release of the Financial System Review

  Opening statement Tiff Macklem, Carolyn Rogers Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• June 9, 2022

  Financial System Review—2022

  

  Tiff Macklem, Carolyn Rogers, Timothy Lane, Lawrence L. Schembri, Paul Beaudry, Toni Gravelle, Sharon Kozicki

  The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.

  Content Type(s): Publications, Financial Stability Report