April 26, 2022 Annual Report 2021 The Annual Report outlines the Bank’s activities and achievements in 2021. It includes the financial statements and a message from Governor Tiff Macklem. Content Type(s): Publications, Annual Report
May 21, 2021 Monitoring payment deferrals during the COVID-19 pandemic—update, March 2021 Geneviève Vallée In the initial stages of the COVID-19 pandemic, Canada’s financial institutions allowed households to defer payments on a range of loans. With most of these deferrals having expired, we present updated details of how these loans have performed through to March 2021. Content Type(s): Publications, Financial System Hub articles Research Topic(s): Coronavirus disease (COVID-19), Credit and credit aggregates
Detecting exuberance in house prices across Canadian cities Staff Analytical Note 2021-9 Ugochi Emenogu, Cars Hommes, Mikael Khan We introduce a model to detect periods of extrapolative house price expectations across Canadian cities. The House Price Exuberance Indicator can be updated on a quarterly basis to support the Bank of Canada’s broader assessment of housing market imbalances. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Econometric and statistical methods, Financial stability, Housing JEL Code(s): C, C5, C53, R, R2, R21, R3, R31
An Empirical Analysis of Bill Payment Choices Staff Working Paper 2021-23 Anneke Kosse How do Canadians pay their bills? 2019 survey data collected from over 4,000 Canadian consumers show how people’s bill payment choices vary with consumer characteristics and types of bills. The data also reveal that many consumers feel limited in their choices, which suggests that preferences of billers might play an important role as well. Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Econometric and statistical methods, Financial services, Payment clearing and settlement systems JEL Code(s): D, D1, D9, G, G2
May 17, 2021 Financial System Survey highlights—Spring 2021 This article presents the key results from the spring 2021 Bank of Canada Financial System Survey, conducted from February 22 to March 12, 2021. The survey included a special section on commercial real estate. Content Type(s): Publications, Financial System Survey
April 30, 2021 Bank of Canada announces changes to securities repo operations In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs). Content Type(s): Press, Market notices Source(s): Securities Repo Operations