January 16, 2023 CFIF publishes White Paper on the impact of CDOR cessation on Bankers’ Acceptance market With the cessation of Canadian Dollar Offer Rate’s (CDOR) publication in June 2024, it is expected that Bankers’ Acceptance (BA) will cease to exist as a money market instrument. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
January 16, 2023 The Bank of Canada releases the fourth quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations On Monday, January 16, 2023, the Bank of Canada will release the fourth quarter issue of the Business Outlook Survey and the latest results of the Canadian Survey of Consumer Expectations. Content Type(s): Press, Media advisories
Macroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data Staff Working Paper 2023-4 Lorenzo Pozzi, Barbara Sadaba Does consumption smoothing fundamentally decrease during macroeconomic disasters? This paper uses a large historical dataset (1870–2016) for 16 industrial economies to show that during macroeconomic disasters (e.g., wars, pandemics, depressions) aggregate consumption and income are significantly less decoupled than during normal times. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Econometric and statistical methods JEL Code(s): C, C2, C23, E, E2, E21
Considerations for the allocation of non-default losses by financial market infrastructures Staff Analytical Note 2022-16 Daniele Costanzo, Radoslav Raykov Non-default losses of financial market infrastructures (FMIs) have gained attention due to their potential impacts on FMIs and FMI participants, and the lack of a common approach to address them. A key question is, who should absorb these losses? Content Type(s): Staff research, Staff analytical notes Topic(s): Financial markets, Financial system regulation and policies JEL Code(s): G, G2, G23, G28, G3, G32, G33
November 2, 2022 Preparing for payments supervision Remarks Ron Morrow Canadian Innovation Exchange Summit Toronto, Ontario Ron Morrow, Executive Director of Retail Payments Supervision, discusses the Bank’s new mandate and what the future holds for payment service providers. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Retail payments supervision
November 1, 2022 Opening Statement before the Standing Senate Committee on Banking, Trade and the Economy Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and the Economy Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements
October 26, 2022 Zone économie on Radio-Canada Tiff Macklem, Governor of the Bank of CanadaInterview with Zone économie on Radio-Canada Content Type(s): Press, Media activities
November 1, 2022 Government of Canada to Resume Cash Management Bond Buyback Program The Bank of Canada and the Department of Finance are announcing the resumption of the Government of Canada Cash Management Bond Buyback (CMBB) program. Content Type(s): Press, Market notices
Forecasting Banks’ Corporate Loan Losses Under Stress: A New Corporate Default Model Technical Report No. 122 Gabriel Bruneau, Thibaut Duprey, Ruben Hipp We present a new corporate default model, one of the building blocks of the Bank of Canada’s bank stress-testing infrastructure. The model is used to forecast corporate loan losses of the Canadian banking sector under stress. Content Type(s): Staff research, Technical reports Topic(s): Economic models, Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): C, C2, C22, C5, C52, C53, G, G1, G17, G2, G21, G28
October 4, 2022 CORRA Advisory Group Meeting (October 4, 2022) Content Type(s): Meetings Source(s): CORRA Advisory Group