Uncategorized

• January 16, 2025

  CIMPA Meeting (January 16, 2025)

  Content Type(s): Meetings Source(s): Collateral Infrastructure and Market Practices Advisory Group
• January 16, 2025

  CORRA Advisory Group Meeting (January 16, 2025)

  Content Type(s): Meetings Source(s): CORRA Advisory Group
• January 15, 2025

  Operational Details for Government Purchases of Canada Mortgage Bonds in 2025

  In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions.

  Content Type(s): Press, Market notices

• Non-Bank Dealing and Liquidity Bifurcation in Fixed-Income Markets

  Staff Working Paper 2025-2 Michael Brolley, David Cimon

  We model non-bank entry into fixed-income markets and state-dependent liquidity. Non-bank financial institutions improve liquidity more during normal times than in stress. Banks may become less reliable to marginal clients, exacerbating the difference in liquidity between normal and stressed times. Central bank lending during stress may limit this harmful division.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Financial institutions, Financial markets, Market structure and pricing JEL Code(s): G, G1, G10, G2, G20, G21, G23, L, L1, L10, L13, L14

• The International Exposure of the Canadian Banking System

  Staff Working Paper 2025-1 Christian Friedrich, Hanno Friedrich, Nick Lawrence, Javier Cortes Orihuela, Phoebe Tian

  In 2023, the share of Canadian banks’ foreign assets and liabilities amounted to around 50%. While Canadian banks engage domestically mostly with households and non-financial corporations, their most common counterparties abroad are non-bank financial institutions.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability, International financial markets, International topics JEL Code(s): F, F2, F21, F23, F3, F31, F32, G, G2, G21, G23, G3

• Privacy-Enhancing Technologies for CBDC Solutions

  Staff Discussion Paper 2025-1 Rakesh Arora, Han Du, Raza Ali Kazmi, Duc-Phong Le

  Privacy-enhancing technologies (PETs) could offer solutions to safeguard end-user privacy and meet rigorous data protection standards for central bank digital currencies. We consider how PETs can transform privacy design in financial systems and the implications of their broader adoption.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Central bank research, Digital currencies and fintech, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, O, O3, O31

• Using new loan data to better understand mortgage holders

  Staff Analytical Note 2025-1 Odae Al Aboud, Saarah Sheikh, Adam Su, Yang Xu

  The Bank of Canada is using an enhanced dataset that tracks the stock of outstanding mortgages and home equity lines of credit held by federally regulated lenders. This paper highlights some of the new details in the dataset and how they impact the Bank’s understanding of the mortgage market.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Credit and credit aggregates, Financial institutions, Interest rates, Recent economic and financial developments JEL Code(s): D, D1, D12, D14, G, G2, G21, G28
• December 31, 2024

  Quarterly Research Update – 2024 Q4

  This newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• December 23, 2024

  Summary of Governing Council deliberations: Fixed announcement date of December 11, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 11, 2024.

  Content Type(s): Publications, Summary of deliberations
• December 23, 2024

  Release of the Bank of Canada’s summary of deliberations

  On Monday, December 23, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on December 11, 2024.

  Content Type(s): Press, Media advisories