November 9, 2010 Looking Back, Moving Forward: Canada and Global Financial Reform Remarks Mark Carney International Center for Monetary and Banking Studies Geneva, Switzerland There is an old saying, “Knowledge is gained from experience, and experience is gained from mistakes.” In Canada, we made our mistakes early and often in the 1970s and 1980s. Our fiscal situation deteriorated sharply, inflation surged to double-digit levels, and a few small regional banks collapsed. Content Type(s): Press, Speeches and appearances, Remarks
June 18, 2018 Rebooting Reference Rates Remarks Lynn Patterson Investment Industry Association of Canada and Institute of International Finance Toronto, Ontario Deputy Governor Lynn Patterson discusses the efforts in multiple jurisdictions to strengthen LIBOR and similar benchmarks and work underway in Canada to consider a new risk-free benchmark for the Canadian dollar market. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
Repo Market Functioning when the Interest Rate Is Low or Negative Staff discussion paper 2017-3 Jean-Sébastien Fontaine, James Hately, Adrian Walton This paper investigates how a low or negative overnight interest rate might affect the Canadian repo markets. The main conclusion is that the repo market for general collateral will continue to function effectively. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D4, G, G1, G10, G12 Research Theme(s): Financial markets and funds management, Market functioning, Market structure
August 25, 2018 The Fourth Industrial Revolution and Central Banking Remarks Stephen S. Poloz Federal Reserve Bank of Kansas City Jackson Hole, Wyoming Governor Poloz talks about the economic benefits expected from disruptive digital technologies and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth, Inflation
September 25, 2007 Turbulence in Credit Markets: Causes, Effects, and Lessons To Be Learned Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia The turbulence in financial markets did not come about against a backdrop of economic weakness. Indeed, over the past number of years, the global economy has shown remarkable strength. We were also seeing encouraging signs of growth being spread more evenly. Content Type(s): Press, Speeches and appearances, Remarks
June 6, 2013 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence. Content Type(s): Press, Speeches and appearances, Opening statements
May 19, 2009 When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times Remarks John Murray Global Interdependence Center Philadelphia, Pennsylvania The financial turbulence that began in the U.S. subprime-mortgage market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy. Strains that had previously been concentrated in a few major financial centers turned into a full-blown crisis, affecting both industrial and emerging-market economies through trade, financial, and confidence channels. Content Type(s): Press, Speeches and appearances, Remarks
April 4, 2019 Annual Report 2018 The Annual Report outlines the Bank’s activities and achievements in 2018. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
April 30, 2020 Teachable Moments from the Pandemic Remarks (delivered virtually) Stephen S. Poloz Ivey Business School London, Ontario Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
May 15, 1995 Monetary Policy Report – May 1995 This is the first in a series of semi-annual reports by the Bank of Canada on Canadian monetary policy. Content Type(s): Publications, Monetary Policy Report