April 24, 2024 Release of the Bank of Canada’s summary of deliberations On Wednesday, April 24, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on April 10, 2024. Content Type(s): Press, Media advisories
U.S. Macroeconomic News and Low-Frequency Changes in Small Open Economies’ Bond Yields Staff Working Paper 2024-12 Bingxin Ann Xing, Bruno Feunou, Morvan Nongni-Donfack, Rodrigo Sekkel Using two complementary approaches, we investigate the importance of U.S. macroeconomic news in driving low-frequency fluctuations in the term structure of interest rates in Canada, Sweden and the United Kingdom. We find that U.S. macroeconomic news is particularly important to explain changes in the expectation components of the nominal, real and break-even inflation rates of small open economies. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): E, E4, E43, E44, E47, G, G1, G14
April 15, 2024 CARR to begin publishing data on the transition of CDOR based loans to CORRA To facilitate the monitoring of the transition away from CDOR based loans to CORRA and Term CORRA, CARR will publish a monthly report on the aggregated outstanding amount of CDOR loans that have not transitioned to other benchmarks, as well as the volume of new loans, including any transitioned loans, referencing CORRA and/or Term CORRA. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
April 16, 2024 Fireside Chat with Tiff Macklem, Governor of the Bank of Canada On Tuesday, April 16, 2024, Tiff Macklem, Governor of the Bank of Canada, will speak at the Wilson Center’s Washington Forum on the Canadian Economy on the sidelines of the IMF-WB spring meetings. Content Type(s): Press, Media advisories
April 10, 2024 Bank of Canada Media Interview – Midi info Nicolas Vincent, Deputy Governor of the Bank of Canada, gave an interview to Radio-Canada’s Alec Castonguay. The interview will air today on Midi info. Content Type(s): Press, Media advisories
April 10, 2024 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, April 10, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories
Non-bank financial intermediation: Canada’s submission to the 2023 global monitoring report Staff Analytical Note 2024-15 Malcolm Fisher, Alan Walsh We share insights from Canadian data from 2002 to 2022 that the Bank of Canada collected. The Bank submits these data each year to the Financial Stability Board for inclusion in its Global Monitoring Report on Non-Bank Financial Intermediation. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Sectoral balance sheet JEL Code(s): G, G2, G21, G22, G23