July 19, 2019 Business Outlook Survey Data Each quarter, the Business Outlook Survey results are based on interviews with senior management of about 100 firms.
July 16, 2019 Results from the CARR Consultation on Enhancements to the Canadian Overnight Repo Rate Average This document provides a summary of consultation results on enhancements to the Canadian Overnight Repo Rate Average. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
July 16, 2019 Bank of Canada to become the administrator of key interest rate benchmark Media Relations Ottawa, Ontario The Bank of Canada today announced its intention to become the administrator of the Canadian Overnight Repo Rate Average (CORRA), a key interest rate benchmark for financial markets. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
The Effects of Inflation Targeting for Financial Development Staff Analytical Note 2019-21 Geoffrey R. Dunbar, Amy (Qijia) Li The adoption of inflation targeting (IT) by central banks leads to an increase of 10 to 20 percent in measures of financial development, with a lag. We also find evidence that the financial sector benefits of IT adoption were higher for early-adopting central banks. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Inflation targets, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E58
Canadian Securities Lending Market Ecology Staff Discussion Paper 2019-5 Jesse Johal, Joanna Roberts, John Sim This is the fourth of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The paper discusses the organization of the securities lending market in Canada. We outline key characteristics of securities lending contracts, participants in the securities lending market, the market infrastructures that support securities lending activities, and aggregated statistics describing the Canadian market. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): G, G1, G18, G2, G21, G23
July 11, 2019 IMF Financial System Stability Assessment for Canada The International Monetary Fund’s comprehensive analysis of the Canadian financial system increases awareness and encourages discussion and debate. The IMF consulted with the Bank of Canada and other Canadian authorities, but the report is an independent assessment and does not represent the views of the Bank. Content Type(s): Publications, Financial System Hub articles
July 11, 2019 A Resolution Regime for Financial Market Infrastructures Canada’s most important payment clearing and settlement systems now have a resolution regime. As resolution authority, the Bank of Canada has new powers to protect the stability of the Canadian financial system in the unlikely event an FMI fails. Content Type(s): Publications, Financial System Hub articles