Assessing the Resilience of the Canadian Banking System Staff Analytical Note 2019-16 Charles Gaa, Xuezhi Liu, Cameron MacDonald, Xiangjin Shen The stability of the Canadian financial system, as well as its ability to support the Canadian economy, depends on the ability of financial institutions to absorb and manage major shocks. This is especially true for large banks, which perform services essential to the Canadian economy. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Financial stability JEL Code(s): C, C6, C63, E, E2, E27, E3, E37, E4, E44, G, G0, G01, G2, G21
Reassessing Trade Barriers with Global Value Chains Staff Working Paper 2019-19 Yuko Imura This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Trade integration JEL Code(s): F, F1, F12, F13, F4, F41
Measuring Non-Financial Corporate Sector Vulnerabilities in Canada Staff Analytical Note 2019-15 Timothy Grieder, Claire Schaffter The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada. Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial stability, Monetary and financial indicators, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G0, G01, G3, G32
Reassessing the Growth of HELOCs in Canada Using New Regulatory Data Staff Analytical Note 2019-14 Leila Al-Mqbali, Olga Bilyk, Stefan Caputo, James Younker Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs). Content Type(s): Staff research, Staff analytical notes Topic(s): Credit and credit aggregates, Financial institutions, Financial stability, Recent economic and financial developments JEL Code(s): D, D1, G, G2, G21, G28
May 10, 2019 Climate Change and Central Banking Workshop This Bank of Canada conference examined macroeconomic and monetary policy challenges around climate change, including firm and bank exposures to physical and transition risks. Participants also discussed medium- and long-run implications for productivity growth and trade. Content Type(s): Conferences and workshops Topic(s): Climate change
May 8, 2019 Deputy Governor Lynn Patterson to retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor Lynn Patterson will retire on July 19, 2019. Content Type(s): Press, Press releases