January 26, 2022
Posts
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January 25, 2022
CFEC Releases Results of October 2021 Foreign Exchange Volume Survey
The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2021 semi-annual survey of foreign exchange volumes in Canada. -
January 24, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (January 31-February 11)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
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January 17, 2022
Business Outlook Survey―Fourth Quarter of 2021
In the fourth-quarter Business Outlook Survey, reports of supply chain bottlenecks and labour shortages remain elevated. Firms cited robust growth in demand, although those offering hard-to-distance services still had sales below pre-pandemic levels, even before the Omicron variant began spreading broadly. These factors are resulting in upward pressures on prices over the next year. -
January 17, 2022
Canadian Survey of Consumer Expectations—Fourth Quarter of 2021
This survey took place in November 2021 before the Omicron variant of COVID-19 began spreading broadly in Canada. In December, the number of COVID-19 cases rose dramatically and governments began to reimpose containment measures. Many Canadians think inflation will be high over the next two years because of supply disruptions caused by the pandemic. They are more concerned about inflation now than they were before the pandemic and believe it has become more difficult to control. However, near-term inflation expectations are not feeding into expectations for wage growth or longer-term inflation. Showing confidence in the labour market, workers are more likely than ever to want to change jobs. -
The Financial Origins of Non-fundamental Risk
We explore the idea that the financial sector can be a source of non-fundamental risk to the rest of the economy. We also consider whether policy can be used to reduce this risk—either by increasing the supply of publicly backed safe assets or by reducing the demand for safe assets. -
January 14, 2022
Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks
The Bank of Canada and Office of the Superintendent of Financial Institutions today released the results of a pilot project on climate scenario analysis. -
January 14, 2022
Assessing climate change risks to our financial system
Ensuring the stability and efficiency of the financial system is a key part of our work at the Bank of Canada. This includes analyzing structural changes that affect the economy—like climate change. These changes could increase vulnerabilities to the financial system. -
Assessing Climate-Related Financial Risk: Guide to Implementation of Methods
A pilot project on climate transition scenarios by the Bank of Canada and the Office of the Superintendent of Financial Institutions assessed climate-related credit and market risks. This report describes the project’s methodologies and provides guidance on implementing them.