June 8, 2017
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June 8, 2017
Household vulnerabilities have moved higher, but the financial system remains resilient
Household indebtedness and housing market imbalances—the most important vulnerabilities for the Canadian financial system—have moved higher over the past six months, the Bank of Canada said today in its Financial System Review (FSR).
Content Type(s):
Press,
Press releases
June 8, 2017
This issue of the Financial System Review reflects the Bank’s judgment that household indebtedness and housing market imbalances–the most important vulnerabilities for the Canadian financial system–have moved higher over the past six months. However, the financial system remains resilient, and macroeconomic conditions continue to improve. Other vulnerabilities discussed in this FSR are fragile fixed-income market liquidity and the capacity of an interconnected financial system to mitigate cyber threats.
Financial System Review - June 2017
Content Type(s):
Publications,
Financial Stability Report
June 1, 2017
Bank of Canada issues commemorative $10 bank note to mark the 150th anniversary of Confederation
The Bank of Canada today began circulating the $10 commemorative bank note that celebrates the 150th anniversary of Confederation. Canadians can now obtain this special note at financial institutions. Only 40 million notes are being issued—roughly one for every Canadian.
Content Type(s):
Press,
Press releases
May 25, 2017
Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
Financial System Review - June 2017
James Chapman,
Rodney J. Garratt,
Scott Hendry,
Andrew McCormack,
Wade McMahon
This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.
Content Type(s):
Publications,
Financial System Review articles
Topic(s):
Digital currencies and fintech,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
E5,
E58,
G,
G2,
G28