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