Uncategorized

• Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation

  Staff Working Paper 2020-17 Xing Guo

  This paper identifies aggregate financial shocks and quantifies their effects on business investment based on an estimated DSGE model with firm-level heterogeneity. On average, financial shocks contribute only 3% of the variation in U.S. public firms’ aggregate investment.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Firm dynamics JEL Code(s): E, E1, E12, E2, E22, G, G3, G31, G32
• May 19, 2020

  Reporting on Provincial Bond Purchase Program purchases

  The Bank of Canada has updated its reporting on assets purchased for the Provincial Bond Purchase Program (PBPP). The PBPP supports the liquidity and efficiency of provincial government funding markets.

  Content Type(s): Press, Market notices Source(s): Provincial Bond Purchase Program
• May 19, 2020

  Operational details for the Corporate Bond Purchase Program

  As announced on April 15, 2020, the Bank of Canada is launching its Corporate Bond Purchase Program (CBPP), effective May 26, 2020.

  Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program
• May 15, 2020

  Release of the 2019 Bank of Canada FMI Oversight Activities Annual Report

  The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2019 Annual Report (the Report) on its oversight of payment clearing and settlement systems, which are also known as financial market infrastructures (FMIs).

  Content Type(s): Press, Market notices
• May 14, 2020

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial markets, Financial stability, Financial system regulation and policies, Recent economic and financial developments
• May 14, 2020

  Financial System Review Summary—2020

  

  Stephen S. Poloz, Carolyn A. Wilkins, Timothy Lane, Lawrence L. Schembri, Paul Beaudry, Toni Gravelle

  This issue of the Financial System Review focuses on the impact of COVID 19. The pandemic presents an unprecedented shock to the Canadian economy. This report identifies the effects on the Canadian financial system and explains how recent actions by the Bank and other policy-makers are helping to manage them. It further describes how a resilient financial system can help households and businesses smooth the effects of the COVID-19 shock and prepare for a robust recovery.

  Content Type(s): Publications, Financial Stability Report
• May 14, 2020

  Financial System Review—2020

  

  This issue of the Financial System Review focuses on the impact of COVID 19. The pandemic presents an unprecedented shock to the Canadian economy. This report identifies the effects on the Canadian financial system and explains how recent actions by the Bank and other policy-makers are helping to manage them. It further describes how a resilient financial system can help households and businesses smooth the effects of the COVID-19 shock and prepare for a robust recovery.

  Content Type(s): Publications, Financial Stability Report
• May 13, 2020

  CFIF Meeting (May 13, 2020)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• May 13, 2020

  Liquidity Conditions in Canadian Fixed-Income Markets During Covid-19 - May 13, 2020

  Liquidity Conditions in Canadian Fixed-Income Markets During Covid-19
• May 11, 2020

  The Bank of Canada launches application period for 2020 scholarship awards

  The application period is open until August 1. These awards are designed to assist students with disabilities, Indigenous students and those who identify as a member of a visible minority group in furthering their education.

  Content Type(s): Press, Announcements