Uncategorized

• October 8, 2020

  From COVID to climate—the importance of risk management

  Remarks (delivered virtually) Tiff Macklem The Global Risk Institute Toronto, Ontario

  Governor Tiff Macklem discusses the importance of financial risk management as Canada recovers from the pandemic, and as it deals with issues like climate change.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy
• October 7, 2020

  The payoffs of higher education

  

  Youngmin Park, Gabriela Galassi, Natalia Kyui

  More education typically leads to higher pay, but as more people become educated, wages can decrease. Your education choices significantly affect your future earning potential.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Labour markets, Potential output, Productivity
• October 6, 2020

  Corporate Bond Purchase Program expanded to buy-side participants

  In May, the Bank of Canada introduced a Corporate Bond Purchase Program (CBPP) to support the liquidity and proper functioning of the corporate debt market.  

  Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program
• October 6, 2020

  CORRA Advisory Group Meeting (October 6, 2020)

  Content Type(s): Meetings Source(s): CORRA Advisory Group
• October 5, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (October 13-23)

  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

• Security and convenience of a central bank digital currency

  Staff Analytical Note 2020-21 Charles M. Kahn, Francisco Rivadeneyra

  An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. These risks arise from how balances are aggregated, from their transactional use and from the competition between suppliers of aggregation solutions.

  Content Type(s): Staff research, Staff analytical notes 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, G, G2, G21
• October 1, 2020

  Background information on foreign exchange rates

  Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.

  Content Type(s): Background materials Topic(s): Exchange rates
• September 30, 2020

  Interim RPAC Meeting (September 30, 2020)

  Topic: Significant changes and incidents

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee
• September 30, 2020

  Research Update - September 2020

  This monthly 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

• Interbank Asset-Liability Networks with Fire Sale Management

  Staff Working Paper 2020-41 Zachary Feinstein, Grzegorz Halaj

  Raising liquidity when funding is stressed creates pressure on the financial market. Liquidating large quantities of assets depresses their prices and may amplify funding shocks. How do banks weathering a funding crisis contribute to contagion risk?

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): C, C6, C62, C63, C7, C72, G, G0, G01, G1, G11