Posts

• April 25, 2024

  Bank of Canada plans to re-introduce its securities lending program

  The Bank of Canada is planning to restart later this year its securities lending program (SLP) which is designed to support the liquidity of Government of Canada (GoC) securities markets.

  Content Type(s): Press, Market notices Source(s): Securities Lending Program, Securities Repo Operations
• April 24, 2024

  Summary of Governing Council deliberations: Fixed announcement date of April 10, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 10, 2024.

  Content Type(s): Publications, Summary of deliberations
• April 24, 2024

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, April 24, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on April 10, 2024.

  Content Type(s): Press, Media advisories
• April 22, 2024

  Market Participants Survey—First Quarter of 2024

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey
• April 19, 2024

  Media roundtable with Governor Macklem

  As is customary, Tiff Macklem, Governor of the Bank of Canada, will today hold a virtual roundtable with journalists from the sidelines of the IMF-World Bank Spring meetings in Washington, DC. 

  Content Type(s): Press, Media advisories
• April 17, 2024

  Introduction of one-month treasury bill

  In line with the announcement in the federal 2024 Budget, the Government of Canada will be introducing a temporary one-month treasury bill.

  Content Type(s): Press, Market notices

• U.S. Macroeconomic News and Low-Frequency Changes in Small Open Economies’ Bond Yields

  Staff Working Paper 2024-12 Bingxin Ann Xing, Bruno Feunou, Morvan Nongni-Donfack, Rodrigo Sekkel

  Using two complementary approaches, we investigate the importance of U.S. macroeconomic news in driving low-frequency fluctuations in the term structure of interest rates in Canada, Sweden and the United Kingdom. We find that U.S. macroeconomic news is particularly important to explain changes in the expectation components of the nominal, real and break-even inflation rates of small open economies.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): E, E4, E43, E44, E47, G, G1, G14

• Liquidity risks at Canadian life insurance companies

  Staff Analytical Note 2024-7 Patrick Aldridge, Stephane Gignac, Rishi Vala, Adrian Walton

  We examine how life insurers manage liquidity risks created by their business model. We find that Canadian life insurers did not face significant liquidity draws and continued their usual investment behaviour during the COVID-19 crisis and as interest rates increased in 2022.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial stability, Market structure and pricing JEL Code(s): D, D4, D47, D5, D53, G, G1, G12, G14, G2, G23
• April 17, 2024

  Prescribed supervisory information

  This supervisory policy provides an explanation of the prescribed supervisory information provisions and sets out the Bank of Canada’s expectations for payments service providers’ compliance with non-disclosure requirements related to prescribed supervisory information under subsection 64(1) of the Retail Payment Activities Act and sections 37 to 38 of the Retail Payment Activities Regulations.

  Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Supervision
• April 17, 2024

  Record keeping

  This supervisory policy outlines what records payment service providers should keep and retain to comply with their record-keeping obligations under the Retail Payment Activities Act and the Retail Payment Activities Regulations.

  Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Supervision