Local Labor Markets in Canada and the United States Staff Working Paper 2019-12 David Albouy, Alex Chernoff, Chandler Lutz, Casey Warman We examine local labor markets in the United States and Canada from 1990 to 2011 using comparable household and business data. Wage levels and inequality rise with city population in both countries, albeit less in Canada. Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): J, J2, J21, J3, J31, J6, J61, N, N3, N32, R, R1, R12
March 27, 2019 Release of the 2018 Bank of Canada FMI Oversight Activities Annual Report The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2018 Annual Report (the Report) on its oversight of payment clearing and settlement systems, which are also known as financial market infrastructures (FMIs). Content Type(s): Press, Market notices
March 27, 2019 Bank of Canada joins Central Banks’ and Supervisors’ Network for Greening the Financial System Media Relations Ottawa, Ontario The Bank of Canada today announced that it has joined the Central Banks’ and Supervisors’ Network for Greening the Financial System (NGFS). Content Type(s): Press, Press releases Topic(s): Climate change
March 25, 2019 CARR Meeting (March 25, 2019) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Non-Bank Financial Intermediation in Canada: An Update Staff Discussion Paper 2019-2 Guillaume Bédard-Pagé Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not prudentially regulated. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial markets, Financial stability JEL Code(s): G, G0, G01, G2, G20, G23
March 19, 2019 Summary of Comments – 2019-20 Debt Management Strategy Consultations Today, the 2019-20 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Debt Management Strategy for 2019-20. Content Type(s): Press, Market notices
March 18, 2019 Fellowship Program Learn about the 2019 recipients of the Fellowship and Governor’s Awards. Content Type(s): Press, Announcements Source(s): Fellowship Program
Non-Resident Taxes and the Role of House Price Expectations Staff Analytical Note 2019-8 Mikael Khan, Matthieu Verstraete In recent years, the governments of Ontario and British Columbia have imposed taxes on purchases by non-Canadian residents of residential properties in certain jurisdictions. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial stability, Housing JEL Code(s): D, D8, D84, R, R2, R21
March 14, 2019 Global leverage makes financial system vulnerable, Senior Deputy Governor Wilkins says Media Relations Vancouver, British Columbia Global debt is now US$100 trillion higher than just before the financial crisis and more than three times global gross domestic product (GDP), presenting a headwind to growth and making the financial system vulnerable, Senior Deputy Governor Carolyn A. Wilkins said today. Content Type(s): Press, Press releases