February 1, 2012 Developments and Issues in the Canadian Market for Asset-Backed Commercial Paper Financial System Review - June 2003 Paula Toovey, John Kiff Content Type(s): Publications, Financial System Review articles
March 27, 2026 Financial stability indicators Get quarterly data for the indicators we use to track the evolution of the financial stability of the Canadian economy.
May 25, 2017 Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet? Financial System Review - June 2017 James Chapman, Rodney J. Garratt, Scott Hendry, Andrew McCormack, Wade McMahon This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure. Content Type(s): Publications, Financial System Review articles JEL Code(s): E, E4, E42, E5, E58, G, G2, G28
June 20, 2011 Canada’s New Polymer Bank Notes – Celebrating Canada’s Achievements at the Frontiers of Innovation Remarks Mark Carney Ottawa, Ontario Governor Mark Carney, with Minister of Finance James Flaherty and RCMP Commissioner William Elliott, unveils a new polymer bank note series. Content Type(s): Press, Speeches and appearances, Remarks
November 6, 2018 External academic consultants Meet the academic consultants and researchers from outside the Bank who are working with us.
May 30, 2024 Laying bare the evolution of payments in Canada Remarks Ron Morrow Payments Canada SUMMIT Toronto, Ontario Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Digital currency, Financial system, Financial stability, Fintech, Retail payments
April 2017 Annual Reassessment of Potential Output Growth in Canada Staff analytical note 2017-5 Andrew Agopsowicz, Bassirou Gueye, Natalia Kyui, Youngmin Park, Mohanad Salameh, Ben Tomlin This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E0, E00, E2, E22, E23, E24, E3, E37, E6 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
Extending the Labour Market Indicator to the Canadian Provinces Staff discussion paper 2016-2 Alexander Fritsche, Katherine Ragan Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E24, E27, J, J2, J21, J23 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
Risk-Free Uncollateralized Lending in Decentralized Markets: An Introduction to Flash Loans Staff discussion paper 2025-6 Jack Mandin A flash loan is a special type of uncollateralized loan with zero default risk. I document the use for flash loans across major blockchains that are Ethereum-Virtual-Machine-compatible. Flash loans expand access to liquidity, and highly sophisticated actors use them for many practical applications. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G0, G1, G2 Research Theme(s): Financial markets and funds management, Market functioning, Money and payments, Digital assets and fintech
Cryptoasset Ownership and Use in Canada: An Update for 2022 Staff discussion paper 2023-14 Daniela Balutel, Christopher Henry, Doina Rusu We find that Bitcoin ownership declined from 13% in 2021 to 10% in 2022. This drop occurred against a background of steep price declines and an increasingly tight regulatory atmosphere. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C8, C81, E, E4, O, O5, O51 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech