Posts

• March 21, 2024

  Getting to a new normal

  Speech summary Toni Gravelle CFA Society Toronto Toronto, Ontario

  Deputy Governor Toni Gravelle speaks about how the Bank of Canada will manage its balance sheet once quantitative tightening ends.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial system regulation and policies, Lender of last resort, Monetary policy implementation, Payment clearing and settlement systems, Recent economic and financial developments
• March 21, 2024

  Going back to normal: The Bank of Canada’s balance sheet after quantitative tightening

  Remarks Toni Gravelle CFA Society Toronto Toronto, Ontario

  Deputy Governor Toni Gravelle provides an update on quantitative tightening and talks about how the Bank of Canada will manage its balance sheet once normalization ends.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial system regulation and policies, Lender of last resort, Monetary policy implementation, Payment clearing and settlement systems, Recent economic and financial developments

• What has been putting upward pressure on CORRA?

  Staff Analytical Note 2024-4 Boran Plong, Neil Maru

  From the autumn of 2023 into early 2024, the Canadian Overnight Repo Rate Average (CORRA), a measure of the cost of overnight general collateral Canadian dollar repos, was consistently well above the Bank’s target for the overnight rate. We find that, among several factors, long bond positions that require repo financing are the main driver of the recent upward pressure on CORRA.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Financial markets, Interest rates, Lender of last resort, Monetary policy implementation JEL Code(s): D, D4, D5, D53, E, E4, E43, E44, E5, E52, G, G1, G12
• March 20, 2024

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, March 20, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on March 6, 2024.

  Content Type(s): Press, Media advisories
• March 20, 2024

  Summary of Governing Council deliberations: Fixed announcement date of March 6, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 6, 2024.

  Content Type(s): Publications, Summary of deliberations
• March 20, 2024

  CFEC Meeting (March 20, 2024)

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• March 18, 2024

  Bank of Canada announces the recipients of the 2024 Fellowship Program Awards

  Learn about the recipients of the Fellowship and Governor’s Awards for 2024.

  Content Type(s): Press, Announcements Source(s): Fellowship Program
• March 14, 2024

  Release of the 2023 Bank of Canada FMI Oversight Activities Annual Report

  The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2023 Annual Report.

  Content Type(s): Press, Market notices

• Decomposing Large Banks’ Systemic Trading Losses

  Staff Working Paper 2024-6 Radoslav Raykov

  Do banks realize simultaneous trading losses because they invest in the same assets, or because different assets are subject to the same macro shocks? This paper decomposes the comovements of bank trading losses into two orthogonal channels: portfolio overlap and common shocks.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G10, G11, G2, G20
• March 6, 2024

  Bank of Canada Media Interview – Reuters

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Reuters.

  Content Type(s): Press, Media advisories