May 9, 2024 Financial Stability Report—2024 Tiff Macklem, Carolyn Rogers, Toni Gravelle, Sharon Kozicki, Rhys R. Mendes, Nicolas Vincent Canada’s financial system remains resilient. Over the past year, households, businesses, banks and non-bank financial institutions have continued to proactively adjust to higher interest rates. But this adjustment is not yet over and continues to present risks to financial stability. Key risks include those related to debt serviceability and asset valuations. Content Type(s): Publications, Financial Stability Report
May 21, 2024 Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics Media Relations Ottawa, Ontario The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Content Type(s): Press, Press releases
May 9, 2024 Financial System Survey highlights—2024 This article presents the key results from the 2024 Bank of Canada Financial System Survey, conducted between February 20 and March 8. The survey included a special section on potential risks arising from different hypothetical interest-rate paths. Content Type(s): Publications, Financial System Survey
May 9, 2024 The Bank of Canada releases the 2024 Financial Stability Report The Financial Stability Report will be released on Thursday, May 9, 2024. Content Type(s): Press, Media advisories
May 2, 2024 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements
May 1, 2024 Bank of Canada Media Interview – Radio-Canada Nicolas Vincent, Deputy Governor of the Bank of Canada, gave an interview to Radio-Canada’s Téléjournal de L’Est du Québec. Content Type(s): Press, Media advisories
Benchmarks for assessing labour market health: 2024 update Staff Analytical Note 2024-8 Erik Ens, Alexander Lam, Kurt See, Gabriela Galassi We assess the health of the Canadian labour market. We find that it has seen gradual but material easing since 2023, amid some signs of structural changes. Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Labour markets, Monetary policy JEL Code(s): E, E2, J, J2, J3, J6
May 1, 2024 Parliamentary Appearance by the Governor and the Senior Deputy Governor of the Bank of Canada On Wednesday, May 1, 2024, the Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied by Senior Deputy Governor Carolyn Rogers. Content Type(s): Press, Media advisories
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
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