August 10, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (August 17-August 28) 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
Is the stock market pricing in a V‑shaped recovery? Staff Analytical Note 2020-17 James Kyeong Major stock indexes have bounced back from their March 23 trough to about 10 percent below their peaks. However, stocks that are more sensitive to the business cycle have not performed as well during this market rally. This suggests that stock markets are pricing in a slower, shallower economic recovery. Content Type(s): Staff research, Staff analytical notes Topic(s): Asset pricing, Financial markets JEL Code(s): E, E4, E44, G, G1, G12, G14
May 19, 2021 Understanding the consumer price index The consumer price index (CPI) tracks how much the average Canadian household spends, and how that changes over time. At the Bank of Canada, we use it to target inflation. Content Type(s): Explainers Topic(s): Inflation and prices, Inflation targets
February 28, 2021 Research Update - February 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
March 11, 2021 CFEC Meeting #104 (March 11, 2021) Conference Call Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
February 25, 2021 New strategy embeds diversity and inclusion into Bank of Canada’s work The Bank of Canada has long recognized that the inclusion of diverse identities and ideas fosters innovative thinking that results in better policy outcomes for Canadians. It’s also the right thing to do. With today’s publication of its Diversity and Inclusion Strategy, the Bank is reinforcing its commitments to reduce any barriers to employment and support employees, while embedding diversity and inclusion into every aspect of its work. Content Type(s): Press, Announcements
February 23, 2021 Canada’s labour market: rebound, recuperation and restructuring Remarks (delivered virtually) Tiff Macklem Edmonton Chamber of Commerce and Calgary Chamber of Commerce Calgary, Alberta, Edmonton, Alberta Governor Tiff Macklem talks about the COVID-19 pandemic and major economic forces are affecting the labour market, and the need for all groups to benefits from the recovery. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Labour markets, Monetary policy, Potential output, Recent economic and financial developments
February 17, 2021 Bank of Canada announces 2020-21 scholarship recipients Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students and students who identify as a woman or as a member of a visible minority or racialized group, or person of colour. Content Type(s): Press, Press releases Source(s): Scholarship awards
Market Concentration and Uniform Pricing: Evidence from Bank Mergers Staff Working Paper 2021-9 João Granja, Nuno Paixão We show that US banks price deposits almost uniformly across their branches and that this pricing practice is more important than increases in local market concentration in explaining the deposit rate dynamics following bank mergers. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial system regulation and policies, Market structure and pricing JEL Code(s): D, D4, G, G2, G20, G21, G28, G3, G34, L, L1, L11
August 21, 2003 Summer 2003 Consultation Document The purpose of these consultations is to obtain the views of market participants on issues relating to the design and operation of the government Real Return Bond (RRB) program.