June 12, 2024
Posts
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June 12, 2024
Central banking: Navigating in a new world
Governor Tiff Macklem looks back on the lessons learned from post-pandemic inflation and discusses the challenges ahead. -
June 11, 2024
Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
The Bank of Canada is announcing the addition of Secured General Collateral Notes (SGC Notes) as eligible collateral under its Standing Liquidity Facility (SLF), with the intent to support the development of this new market. -
Saving after Retirement and Preferences for Residual Wealth
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. -
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”). -
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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. -
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. -
June 5, 2024
Bank of Canada reduces policy rate by 25 basis points
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. -
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.