May 18, 2023
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May 18, 2023
The adjustment to higher interest rates is exposing vulnerabilities in the global financial system. Recent banking sector stresses serve as a reminder that risks can arise and spread quickly. Key areas of concern are bank funding, liquidity in fixed income markets, and households’ ability to service their debts. Other financial system concerns relate to cyber attacks, climate change and cryptoasset markets.
Financial System Review—2023
Content Type(s):
Publications,
Financial Stability Report
May 12, 2023
Rhys Mendes appointed as Deputy Governor of the Bank of Canada
The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023.
Content Type(s):
Press,
Press releases
May 8, 2023
Bank of Canada launches public consultations on a digital dollar
The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.
Content Type(s):
Press,
Press releases
Topic(s):
Digital currencies and fintech
May 4, 2023
Getting inflation back to 2%
Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He also discusses the recent stress in the global banking sector and how financial stability and price stability work together.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Expectations,
Financial institutions,
Financial stability,
Financial system regulation and policies,
Inflation and prices,
Inflation targets,
International financial markets,
Monetary policy,
Price stability,
Service sector