Redemption Runs in Canadian Corporate Bond Funds? Staff Analytical Note 2018-21 Rohan Arora Mutual funds employ a host of tools to manage redemption run risk. However, our results suggest that Canadian corporate bond funds may be vulnerable to redemption runs, especially when they are less liquid and when market volatility is high. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Financial markets JEL Code(s): G, G0, G01, G2, G23
Ambiguity, Nominal Bond Yields and Real Bond Yields Staff Working Paper 2018-24 Guihai Zhao Equilibrium bond-pricing models rely on inflation being bad news for future growth to generate upward-sloping nominal yield curves. We develop a model that can generate upward-sloping nominal and real yield curves by instead using ambiguity about inflation and growth. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets, Interest rates JEL Code(s): E, E4, E43, G, G0, G00, G1, G12
June 7, 2018 Release of the Financial System Review Opening statement Stephen S. Poloz, Carolyn A. Wilkins Ottawa, Ontario Press conference following the release of the Financial System Review. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
June 7, 2018 Canada’s financial system remains resilient as vulnerabilities show further signs of easing Media Relations Ottawa, Ontario High household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities remain elevated, policy measures continue to improve the resilience of the financial system. Content Type(s): Press, Press releases
June 7, 2018 The Bank of Canada’s Financial System Survey Financial System Review - June 2018 Guillaume Bédard-Pagé, Ian Christensen, Scott Kinnear, Maxime Leboeuf This report presents the details of a new semi-annual survey that will improve the Bank of Canada’s surveillance across the financial system and deepen efforts to engage with financial system participants. The survey collects expert opinions on the risks to and resilience of the Canadian financial system as well as on emerging trends and financial innovations. The report presents an overview of the survey and provides high-level results from the spring 2018 survey. Content Type(s): Publications, Financial System Review articles Topic(s): Financial institutions, Financial markets, Financial services, Financial stability, Financial system regulation and policies, Recent economic and financial developments JEL Code(s): C, C8, C83, G, G1, G11, G18, G2, G28, G3, G32
May 31, 2018 Banking and Financial Statistics - May 2018 Content Type(s): Publications, Historical: Banking and Financial Statistics
May 28, 2018 CARR Meeting (May 28, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
March 8, 2018 $10 Bank Note Unveil Due to poor weather and power outages in the Halifax area, today’s official unveiling event for the new $10 bank note may experience technical difficulties. Content Type(s): Press, Announcements
October 10, 2017 Funds advanced and outstanding balances for new and existing lending by chartered banks Month-end statement of funds advanced and outstanding balances vis-à-vis new and existing loans, booked in Canada, in Canadian dollars only, to Canadian households and corporate sectors by chartered banks. Content Type(s): Banking and financial statistics
March 1, 2018 Central Bank of the Year Award Remarks Stephen S. Poloz Central Banking Awards 2018 London, United Kingdom Governor Stephen S. Poloz accepts the Central Bank of the Year award from Central Banking. Content Type(s): Press, Speeches and appearances, Remarks