Posts
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June 4, 2014
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
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May 30, 2014
Research Update - May 2014
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
May 30, 2014
Quarterly Financial Report - First Quarter 2014
Quarterly Financial Report - First Quarter 2014 - For the period ended 31 March 2014 -
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May 15, 2014
Double Coincidence of Needs: Pension Funds and Financial Stability
Deputy Governor Lawrence Schembri discusses pension funds and financial stability. -
May 13, 2014
The Canadian Dollar as a Reserve Currency
This article provides an overview of the growth of Canadian-dollar-denominated assets in official foreign reserves. Based on International Monetary Fund data and on internal Bank of Canada analysis, we estimate that the total reserve holdings of Canadian-dollar assets increased from negligible levels before 2008 to around US$200 billion in the third quarter of 2013. We discuss the determinants of this increase, as well as its potential impact on Canadian debt markets, for example, lower yields and therefore reduced financing costs for the Government of Canada, and the possible negative impact on market liquidity.