March 21, 2024 Speech by Toni Gravelle, Deputy Governor of the Bank of Canada On Thursday, March 21, 2024, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak before the CFA Society Toronto. Content Type(s): Press, Media advisories
March 6, 2024 Reuters Tiff Macklem, Governor of the Bank of Canada Interview with Reuters Content Type(s): Press, Media activities
Decomposing Large Banks’ Systemic Trading Losses Staff Working Paper 2024-6 Radoslav Raykov Do banks realize simultaneous trading losses because they invest in the same assets, or because different assets are subject to the same macro shocks? This paper decomposes the comovements of bank trading losses into two orthogonal channels: portfolio overlap and common shocks. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G10, G11, G2, G20
February 6, 2024 Monetary policy: The right tool for the right job Remarks Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Housing, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy, Monetary policy implementation, Monetary policy transmission, Price stability, Productivity
The Role of Long-Term Contracting in Business Lending Staff Working Paper 2024-2 Phoebe Tian This paper examines inefficiencies arising from a lack of long-term contracting in small business lending in China. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): D, D8, D83, D86, G, G2, G21, L, L1, L14, L2, L26
October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances. Content Type(s): Press, Market notices Source(s): Overnight repo and overnight reverse repo operations
October 25, 2023 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show The Current. The program airs tomorrow morning and begins at 8:30 (Eastern Time). Content Type(s): Press, Media advisories
October 25, 2023 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, October 25, 2023, 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
July 14, 2023 The Globe and Mail Tiff Macklem, Governor of the Bank of CanadaInterview with The Globe and Mail Content Type(s): Press, Media activities
September 8, 2023 Calgary Herald Tiff Macklem, Governor of the Bank of CanadaInterview with the Calgary Herald Content Type(s): Press, Media activities