Posts

• How big is cash-futures basis trading in Canada’s government bond market?

  Staff Analytical Note 2024-16 Andreas Uthemann, Rishi Vala

  Cash-futures basis trading has grown alongside the Government of Canada bond futures market. We examine this growth over time in relation to Government of Canada bond and repurchase agreement markets and provide details on the type of market participants that engage in this type of trading activity.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Financial markets, Financial stability, Market structure and pricing JEL Code(s): D, D4, D47, D5, D53, G, G1, G12, G2, G23

• Non-bank financial intermediation: Canada’s submission to the 2023 global monitoring report

  Staff Analytical Note 2024-15 Malcolm Fisher, Alan Walsh

  We share insights from Canadian data from 2002 to 2022 that the Bank of Canada collected. The Bank submits these data each year to the Financial Stability Board for inclusion in its Global Monitoring Report on Non-Bank Financial Intermediation.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Sectoral balance sheet JEL Code(s): G, G2, G21, G22, G23
• June 26, 2024

  CFIF-BATVN publishes an educational primer on Canadian Asset-Backed Commercial Paper

  Canadian money markets are undergoing a significant change due to the disappearance of Bankers Acceptances (BAs). BAs will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication on June 28, 2024.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
• June 26, 2024

  What labour force participation tells us about the economy

  

  Labour force participation tells us how many people are active in the labour market and how many have dropped out of it. It is just one piece of a larger puzzle, but it is essential to understanding what is happening in the labour market overall.

  Content Type(s): Publications, The Economy, Plain and Simple
• June 24, 2024

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Monday, June 24, 2024, Tiff Macklem, Governor of the Bank of Canada, will speak before the Winnipeg Chamber of Commerce.

  Content Type(s): Press, Media advisories
• June 24, 2024

  Workers, jobs, growth and inflation—Today and tomorrow

  Remarks Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Governor Tiff Macklem explains why Canada’s labour market has had a fairly smooth adjustment to slowing economic growth. He also discusses Canada’s labour market advantages and the challenge of improving productivity growth and investment.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Labour markets, Monetary policy, Productivity
• June 24, 2024

  Making the labour market work for everyone

  Speech summary Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive labour market is key to growth in the long run.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Labour markets, Monetary policy, Productivity
• June 24, 2024

  CARR Meeting (June 24, 2024)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Central Bank Liquidity Policy in Modern Times

  Staff Discussion Paper 2024-6 Skylar Brooks

  Across several dimensions of lender of last resort policy, I highlight broad changes that have occurred since the 2008–09 global financial crisis and discuss some of the key challenges, choices and considerations facing the designers of central bank liquidity tools today.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Financial institutions, Financial markets, Financial stability, Lender of last resort JEL Code(s): D, D5, D53, E, E5, E58, E6, E61, G, G0, G01, G2, G21, G23, H, H1, H12
• June 19, 2024

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, June 19, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on June 5, 2024.

  Content Type(s): Press, Media advisories