February 7, 2022 Operational details for upcoming secondary market purchases of Government of Canada securities (February 14-25) 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
February 2, 2022 A Canadian interest rate benchmark regime for the future Remarks (delivered virtually) Toni Gravelle International Swaps and Derivatives Association New York, New York Deputy Governor Toni Gravelle discusses some important changes that may be coming to Canada’s interest rate benchmarks. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Debt management, Financial markets, Financial system regulation and policies, Interest rates, Market structure and pricing
January 26, 2022 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
January 24, 2022 Operational details for upcoming secondary market purchases of Government of Canada securities (January 31-February 11) 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
September 28, 2021 Debt Management Strategy Consultations – 2022-23 The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2022-23 and beyond. Content Type(s): Press, Market notices
August 31, 2021 Research Update - August 2021 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
September 1, 2021 Bank of Canada launches the 2022 Fellowship Program awards The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2022 Fellowship and Governor’s awards. Content Type(s): Press, Announcements Source(s): Fellowship Program
Fiscal Spillovers: The Case of US Corporate and Personal Income Taxes Staff Working Paper 2021-41 Madeline Hanson, Daniela Hauser, Romanos Priftis How do changes to personal and corporate income tax rates in the United States affect its trading partners? Spillover effects from cuts in the two taxes differ. They are generally small and negative for corporate taxes, but sizable and positive for personal income taxes. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Exchange rate regimes, Fiscal policy, International topics JEL Code(s): E, E3, E32, E6, E62, F, F4, F44, H, H2, H20
Canadian job postings in digital sectors during COVID-19 Staff Analytical Note 2021-18 Alejandra Bellatin, Gabriela Galassi Digital technologies have helped maintain economic activity while allowing people to remain physically distant throughout the COVID-19 crisis. This note shows that the number of online postings for jobs related to the production of digital technologies in Canada decreased less than the number for other jobs and recovered more quickly after lockdowns were lifted. Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Labour markets JEL Code(s): E, E2, E24, J, J2, J23, J6, J63, J64, O, O3, O33
The Bank of Canada’s “Horse Race” of Alternative Monetary Policy Frameworks: Some Interim Results from Model Simulations Staff Discussion Paper 2021-13 José Dorich, Rhys R. Mendes, Yang Zhang Bank of Canada staff are running a “horse race” of alternative monetary policy frameworks in the lead-up to 2021 renewal of the Bank’s monetary policy framework. This paper summarizes some interim results of model simulations from their research. Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Economic models, Inflation targets, Monetary policy, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E2, E27, E3, E4, E5, E52, E58