December 20, 2006 Why Monetary Policy Matters: A Canadian Perspective Bank of Canada Review - Winter 2006-2007 Christopher Ragan This article provides answers to several key questions about Canadian monetary policy. First, what is monetary policy? Second, why does the Bank of Canada focus on the control of inflation rather than other macroeconomic variables? Third, how do the Bank's actions influence the rate of inflation? And, finally, how can monetary policy deliver genuine and significant benefits to society? Content Type(s): Publications, Bank of Canada Review articles
March 5, 2026 Bank of Canada, Export Development Canada, RBC and TD successfully complete bond issuance experiment using distributed ledger technology Media Relations Ottawa, Ontario The Bank of Canada (BoC), RBC Capital Markets, RBC Investor Services, TD Bank Group (TD), and Export Development Canada (EDC) successfully completed Project Samara, a collaborative initiative to evaluate how tokenization and distributed ledger technology (DLT) can improve bond issuance and settlement in a real-world setting. Content Type(s): Press, Press releases
Could all-to-all trading improve liquidity in the Government of Canada bond market? Staff analytical note 2024-17 Jabir Sandhu, Rishi Vala We find that on any given day, nearly half of Government of Canada bond transactions by clients of dealers can be offset with other clients, including during the turmoil in March 2020. Our results show that under certain conditions clients could potentially trade directly with each other and are a step towards understanding the relevance of broader all-to-all trading in the Government of Canada bond market. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D4, D47, D5, D53, G, G0, G01, G1, G12, G13, G14, G2, G21, G23 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial stability and systemic risk
Decomposing Canada’s Market Shares: An Update Staff analytical note 2018-26 Nicholas Labelle Building on the shift-share analysis of Barnett and Charbonneau (2015), this note decomposes Canada’s market shares in the United States, Europe and China for imports of non-energy goods into competitiveness, preference shifts and an interaction term. We find that, despite the depreciation of the dollar, Canada continued to lose market share over 2014–17 (around 0.4 percentage points lost per year on average over four years). Content Type(s): Staff research, Staff analytical notes JEL Code(s): F, F1, F10, F14, F4 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
February 25, 2013 Rebuilding Trust in Global Banking Remarks Mark Carney 7th Annual Thomas d’Aquino Lecture on Leadership - Lawrence National Centre for Policy and Management - Richard Ivey School of Business - Western University London, Ontario Bank of Canada Governor Mark Carney discusses the breakdown in trust in global banking and what is required to rebuild it. Content Type(s): Press, Speeches and appearances, Remarks
June 26, 2026 Financial stability indicators Get quarterly data for the indicators we use to track the evolution of the financial stability of the Canadian economy.
September 5, 2003 Spruce Meadows Roundtable Remarks David Dodge Spruce Meadows Roundtable Spruce Meadows, Alberta Canada's reliance on foreign trade has required us to be active internationalists for decades. Louis Rasminsky, who went on to become Governor of the Bank of Canada, was one of Canada's delegates at the Bretton Woods Conference that led to the creation of the International Monetary Fund (IMF) and the World Bank. Rasminsky played an important role, formal and informal, at the talks. Content Type(s): Press, Speeches and appearances, Remarks
Everything You Want to Know About the Bank’s Standing Liquidity Facility… But were too afraid to ask! Staff analytical paper 2026-26 Kaetlynd McRae, Jessie Ziqing Chen The Standing Liquidity Facility (SLF) is one of the Bank of Canada’s least discussed tools—and one of its most important. Embedded directly in Canada’s high value payment system, Lynx, the SLF operates quietly in the background every business day, ensuring the smooth settlement of payments and reinforcing the implementation of monetary policy. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E4, E41, E42, E44, E5, E58, E59, G, G2, G21, G28 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Monetary policy, Monetary policy tools and implementation, Money and payments, Payment and financial market infrastructures
June 27, 2018 Let Me Be Clear: From Transparency to Trust and Understanding Remarks Stephen S. Poloz Greater Victoria Chamber of Commerce Victoria, British Columbia Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation targeting framework
Do Firms’ Sales Expectations Hit the Mark? Evidence from the Business Leaders’ Pulse Staff discussion paper 2025-15 Owen Gaboury, Farrukh Suvankulov, Mathieu Utting We analyze Canadian data from the Bank of Canada’s Business Leaders’ Pulse, examining firms’ sales growth expectations. We find that expected growth predicts outcomes, uncertainty influences forecast errors and revisions, and firms with weak past performance anticipate and experience weaker future growth. These results highlight the survey’s value for understanding business expectations. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C8, C83, D, D2, D22 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting