July 27, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (August 4-August 14) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
July 21, 2020 Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the Government of Canada Treasury Bill market have diminished significantly. Content Type(s): Press, Market notices
July 21, 2020 Bank of Canada announces changes to the Provincial Money Market Purchase (PMMP) program The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the short-term provincial borrowing market have diminished significantly. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 23, 2021 Market stress relief: The role of the Bank of Canada’s balance sheet Remarks (delivered virtually) Toni Gravelle CFA Society Toronto Toronto, Ontario Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial system regulation and policies, Lender of last resort, Monetary policy
November 7, 2019 2019 Bank of Canada Annual Conference: Learning About The Digital Economy Conference held on November 7 and 8, 2019. Content Type(s): Conferences and workshops
Monetary Policy Pass-Through with Central Bank Digital Currency Staff Working Paper 2021-10 Janet Hua Jiang, Yu Zhu Many central banks are considering issuing a central bank digital currency (CBDC). This would introduce a new policy tool—interest on CBDC. We investigate how this new tool would interact with traditional monetary policy tools, such as the interest on central bank reserves. Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Monetary policy transmission JEL Code(s): E, E5, E50, E52
March 15, 2021 Bank of Canada announces the recipients of the 2021 Fellowship Program Awards Learn about the recipients of the Fellowship and Governor’s Awards for 2021. Content Type(s): Press, Announcements Source(s): Fellowship Program
March 11, 2021 COVID-19, savings and household spending Remarks (delivered virtually) Lawrence L. Schembri Restaurants Canada Toronto, Ontario Deputy Governor Lawrence Schembri talks about the Bank’s latest interest rate announcement and discusses how COVID-19 has affected savings and the outlook household spending. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Domestic demand and components, Monetary policy, Recent economic and financial developments, Service sector
February 26, 2021 Law Enforcement Award of Excellence for Counterfeit Deterrence The call for nominations is open until April 30, 2021. Content Type(s): Press, Announcements
Adoption of Digital Technologies: Insights from a Global Survey Initiative Staff Discussion Paper 2021-7 James Fudurich, Lena Suchanek, Lise Pichette Firms are at the forefront of adopting new technology. Using survey data from a global network of central banks, we assess the effects of digitalization on firms’ pricing and employment decisions. Content Type(s): Staff research, Staff discussion papers Topic(s): Firm dynamics, Inflation and prices, Labour markets JEL Code(s): D, D2, D22, E, E3, E31, J, J2, J21, O, O3, O33