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
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
Stablecoin Assessment Framework Staff discussion paper 2021-6 Alejandro García, Bena Lands, Dennis Yanchus We offer relevant authorities a three-step assessment framework they can use to understand, identify and quantify the risks associated with stablecoin and other cryptocurrency arrangements. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D7, D78, D8, D81, G, G0, G01, G1, G18, O, O3, O38 Research Theme(s): Financial system, Financial stability and systemic risk, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
September 5, 2019 Economic Progress Report: Inflation in Canada—Well Behaved and Well Controlled Remarks Lawrence L. Schembri Halifax Regional Chamber of Commerce Halifax, Nova Scotia Deputy Governor Lawrence Schembri discusses the Bank’s latest interest rate announcement and the behaviour of inflation in Canada. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
June 10, 2020 Our COVID-19 response: Keeping markets liquid Toni Gravelle When the COVID-19 pandemic hit Canada, the Bank of Canada acted quickly. We needed to make sure the financial system worked well enough that credit could continue to flow. That meant addressing shortages of liquidity in financial markets—the backbone for lending and borrowing in the economy. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
May 14, 2026 What does the Bank of Canada do? The Bank has five main areas of responsibility that affect Canadians’ everyday lives. Content Type(s): Explainers Subject(s): About the Bank
March 5, 2008 Proposed Criteria for Accepting ABCP as Collateral for the Bank of Canada's Standing Liquidity Facility The Bank of Canada is seeking comments from direct participants in the Large Value Transfer System (LVTS) and other interested parties on the proposed eligibility criteria for accepting asset-backed commercial paper (ABCP) as collateral for the Bank of Canada's Standing Liquidity Facility (SLF). Content Type(s): Press, Announcements
January 29, 2000 Annual Report 1999 The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards. Content Type(s): Publications, Annual Report
June 27, 2008 Flexibility versus Credibility in Inflation-Targeting Frameworks Remarks Mark Carney 7th BIS Annual Conference Lucerne, Switzerland There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general. Content Type(s): Press, Speeches and appearances, Remarks
November 23, 2021 Financial stability through the pandemic and beyond Remarks (delivered virtually) Paul Beaudry OSC Dialogue, Ontario Securities Commission Toronto, Ontario Deputy Governor Paul Beaudry provides an update on financial vulnerabilities and risks in Canada, including those stemming from the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation