Uncategorized

• September 27, 2021

  CARR Meeting (September 27, 2021)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• September 24, 2021

  Monitoring payment deferrals during the COVID-19 pandemic—update, July 2021

  Geneviève Vallée

  In the initial stages of the COVID-19 pandemic, Canada’s financial institutions allowed households to defer payments on a range of loans. With nearly all of these deferrals having expired, we provide a final update of how these loans have performed through to July 2021.

  Content Type(s): Publications, Financial System Hub articles Research Topic(s): Coronavirus disease (COVID-19), Credit and credit aggregates

• A Q-Theory of Banks

  Staff Working Paper 2021-44 Juliane Beganau, Saki Bigio, Jeremy Majerovitz, Matías Vieyra

  Using stock market data on banks, we show that the book value of loans recognizes losses with a delay. This delayed accounting is important for regulation because the requirements regulators impose are based on book values.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): E, E4, E44, G, G2, G21, G3, G32, G33
• September 23, 2021

  RPAC Meeting (September 23 and 24, 2021)

  Topics: Registration scope, registration process

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
• September 22, 2021

  Advance provision of benchmark details for Government of Canada bond auctions

  Effective immediately, the Bank of Canada, as fiscal agent to the Government of Canada, is announcing that benchmark details (maturity date) for Government of Canada bonds will now be published ahead of each fiscal quarter within its existing Quarterly Bond Schedule publications.

  Content Type(s): Press, Market notices

• Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline

  Staff Analytical Note 2021-22 Olga Bilyk, Ken Chow, Yang Xu

  We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Credit and credit aggregates, Econometric and statistical methods, Financial stability, Housing JEL Code(s): C, C2, C25, D, D1, D14, G, G2, G21, G5, G51, R, R2, R21
• September 20, 2021

  Operational details for upcoming secondary market purchases of Government of Canada securities (September 27–October 8)

  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).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• September 15, 2021

  CFIF Meeting (September 15, 2021)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• September 14, 2021

  CFEC Meeting (September 14, 2021)

  Conference Call

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• September 10, 2021

  About the Bank of Canada’s balance sheet

  At the Bank of Canada, our balance sheet reflects the unique role we play as Canada’s central bank. Get an overview of how it’s used to acquire assets and support our core functions, and learn about the types of assets and liabilities we hold.

  Content Type(s): Background materials