November 7, 2022 GMF publishes a consultation paper on a proposed fee for failing to settle GoC securities The Government of Canada Market Functioning Steering Group (GMF) published a consultation paper and an FAQ document today on a proposed fee for failing to settle GoC bond and bill transactions. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
November 3, 2022 Summary of Comments – Fall 2022 Debt Management Strategy Consultations Today, the Fall 2022 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Economic and Fiscal Update 2022. Content Type(s): Press, Market notices
November 8, 2022 Details on Bond Buyback Operations This document presents the operational details pertaining to bond buyback operations. Please refer to the Standard Terms of each buyback operation for further information.
October 26, 2022 Monetary Policy Report – October 2022 While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024. Content Type(s): Publications, Monetary Policy Report
Private Digital Cryptoassets as Investment? Bitcoin Ownership and Use in Canada, 2016-2021 Staff Working Paper 2022-44 Daniela Balutel, Walter Engert, Christopher Henry, Kim Huynh, Marcel Voia We report on the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys (BTCOS). Our analysis also helps understand Bitcoin owners who adopted during the COVID-19 and how they differ from long-term owners. Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C1, C12, E, E4, O, O5, O51
Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory Staff Working Paper 2022-43 Jonathan Chiu, Charles M. Kahn, Thorsten Koeppl We analyze the value proposition and limitations of decentralized finance (DeFi). Based on a distributed ledger and smart contracts, DeFi can guarantee the execution of financial contracts, potentially lowering the costs of intermediation and improving financial inclusion. Content Type(s): Staff research, Staff working papers Research Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): G, G2
April 13, 2022 Monetary Policy Report – April 2022 Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023. Content Type(s): Publications, Monetary Policy Report
April 13, 2022 Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. Content Type(s): Press, Press releases
April 4, 2022 Operational details for upcoming secondary market purchases of Government of Canada securities (April 11-22) 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