November 19, 2019 Researching the Economic Impacts of Climate Change Miguel Molico The Bank of Canada has a mandate to “promote the economic and financial welfare of Canada,” primarily through the conduct of monetary policy and promotion of a safe, sound and efficient financial system. Understanding the macroeconomic and financial system impacts of climate change and the transition to a low-carbon economy is therefore a priority for the Bank. Content Type(s): Staff research, Other Topic(s): Climate change
July 16, 2019 Bank of Canada to become the administrator of key interest rate benchmark Media Relations Ottawa, Ontario The Bank of Canada today announced its intention to become the administrator of the Canadian Overnight Repo Rate Average (CORRA), a key interest rate benchmark for financial markets. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
June 30, 2019 Research Update - June 2019 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
July 10, 2019 Monetary Policy Report – July 2019 The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021. Content Type(s): Publications, Monetary Policy Report
Systemic Risk and Collateral Adequacy Staff Working Paper 2019-23 Radoslav Raykov Many derivatives markets use collateral requirements calculated with industry-standard but dated methods that are not designed with systemic risk in mind. This paper explores whether the conservative nature of conventional collateral requirements outweighs their lack of consideration of systemic risk. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets JEL Code(s): G, G1, G10, G2, G20
June 24, 2019 CARR Meeting (June 24, 2019) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
September 10, 2021 About the Bank of Canada’s balance sheet At the Bank of Canada, our balance sheet reflects the unique role we play as Canada’s central bank. Get an overview of how it’s used to acquire assets and support our core functions, and learn about the types of assets and liabilities we hold. Content Type(s): Background materials
November 19, 2020 Reminder: Changes to legal tender status will take effect in 2021 Media Relations Ottawa, Ontario In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government will remove legal tender status from some older bank notes as of January 1, 2021. Content Type(s): Press, Press releases
May 16, 2019 Release of the Financial System Review Opening statement Stephen S. Poloz Ottawa, Ontario Press conference following the release of the Financial System Review. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Climate change, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
October 22, 2019 Senior Loan Officer Survey—Third Quarter of 2019 For household lending, mortgage conditions ease this quarter while non-mortgage lending conditions tightened. Overall business lending conditions were unchanged, with a slight tightening in non-price conditions and unchanged price conditions. Content Type(s): Publications, Senior Loan Officer Survey