Uncategorized

• July 18, 2023

  Operation Cancellation – Treasury Bill 2023.07.18

  Due to technical difficulties, the Treasury Bill Auction scheduled for 2023.07.18 at 10:30 has been cancelled.

  Content Type(s): Press, Market notices

• Is Climate Transition Risk Priced into Corporate Credit Risk? Evidence from Credit Default Swaps

  Staff Working Paper 2023-38 Andrea Ugolini, Juan C. Reboredo, Javier Ojea Ferreiro

  We study whether the credit derivatives of firms reflect the risk from climate transition. We find that climate transition risk has asymmetric and significant economic impacts on the credit risk of more vulnerable firms, and negligible effects on other firms.

  Content Type(s): Staff research, Staff working papers Topic(s): Climate change, Credit risk management, Econometric and statistical methods JEL Code(s): C, C2, C24, G, G1, G12, G3, G32, Q, Q5, Q54
• July 14, 2023

  The Globe and Mail

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with The Globe and Mail

  Content Type(s): Press, Media activities
• July 12, 2023

  Bank of Canada Media Interview – Zone économie

  Paul Beaudry, Deputy Governor of the Bank of Canada, will give an interview to Radio-Canada’s Andrée-Anne St-Arnaud.

  Content Type(s): Press, Media advisories
• July 12, 2023

  Bank of Canada Media Interview – The Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of The Globe and Mail.

  Content Type(s): Press, Media advisories
• July 12, 2023

  Zone économie on Radio-Canada

  

  Paul Beaudry, Deputy Governor of the Bank of Canada
  Interview with Zone économie on Radio-Canada

  Content Type(s): Press, Media activities
• July 12, 2023

  Monetary Policy Report 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 and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 12, 2023

  Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• July 12, 2023

  Monetary Policy Report – July 2023

  

  Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025.

  Content Type(s): Publications, Monetary Policy Report
• July 12, 2023

  Bank of Canada interest rate announcement and release of the Monetary Policy Report

  On Wednesday, July 12, 2023, 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. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

  Content Type(s): Press, Media advisories