Uncategorized

• Saving after Retirement and Preferences for Residual Wealth

  Staff Working Paper 2024-21 Giulio Fella, Martin B. Holm, Thomas Michael Pugh

  We estimate a model of households in Norway with bequest motives, health-dependent utility, and uncertain longevity and health. Our estimates imply strong bequest motives for households both with and without offspring. We interpret this as suggestive evidence that utility from residual wealth represents forces beyond an altruistic bequest motive.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Fiscal policy, Housing, Labour markets JEL Code(s): D, D1, D11, D12, D14, E, E2, E21
• June 10, 2024

  CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024

  The Canadian Alternative Reference Rate working group (CARR) is providing guidance to market participants with respect to CDOR-linked loans, derivatives and securities that do not have adequate fallback language to address the cessation of CDOR following the final publication by Refinitiv Benchmark Services (UK) Limited on June 28, 2024 (the “Cessation Date”).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 5, 2024

  CBC News

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with CBC News

  Content Type(s): Press, Media activities
• June 5, 2024

  Bank of Canada Media Interview – CBC News

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Peter Armstrong of CBC News.

  Content Type(s): Press, Media advisories
• June 5, 2024

  Bank of Canada Media Interview – TVA

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to TVA Nouvelles’ Olivier Ferron-Boissé.

  Content Type(s): Press, Media advisories
• June 5, 2024

  Bank of Canada reduces policy rate by 25 basis points

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

  Content Type(s): Press, Press releases
• June 5, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, June 5, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

  Content Type(s): Press, Media advisories
• June 5, 2024

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 30, 2024

  Speech by Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada

  On Thursday, May 30, 2024, Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada, will speak at The Payments Canada SUMMIT.

  Content Type(s): Press, Media advisories
• May 30, 2024

  Future-proofing our payments systems

  Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario

  Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision