Announcing the Bankers’ Acceptance Purchase Facility: a COVID‑19 event study Staff analytical note 2020-23 Rohan Arora, Sermin Gungor, Kaetlynd McRae, Jonathan Witmer The Bank of Canada launched the Bankers’ Acceptance Purchase Facility (BAPF) to ensure that the bankers’ acceptance (BA) market could continue to function well during the financial crisis induced by the COVID‑19 pandemic. We review the impact that the announcement of this facility had on BA yields in the secondary market. We find that BA yield spreads declined by 15 basis points on the day of the announcement and by up to 70 basis points over a longer period. Using an econometric framework, we quantify the effect of the announcement and confirm early assertions presented in the Bank’s 2020 Financial System Review. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G2, G20, G23 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
November 8, 2012 Some Current Issues in Financial Reform Remarks Mark Carney Canadian Club of Montréal Montréal, Quebec Governor Mark Carney discusses financial system reform in a speech to the Canadian Club of Montréal. Content Type(s): Press, Speeches and appearances, Remarks
July 13, 2016 Monetary Policy Report Press Conference Opening Statement Opening statement Carolyn A. Wilkins, Stephen S. Poloz Ottawa, Ontario Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
March 30, 2005 Canada's Competitiveness: The Importance of Investing in Skills Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy. Content Type(s): Press, Speeches and appearances, Remarks
The Contingent Term Repo Facility: Lessons learned and an update Staff analytical note 2025-12 Jessie Ziqing Chen, Parnell Chu, Scott Kinnear In 2024, the Bank of Canada reviewed and updated its Contingent Term Repo Facility policy, incorporating lessons learned from the COVID-19 pandemic and other global market developments, such as the UK gilt crisis in September 2022. This paper accompanies the March 17, 2025, Contingent Term Repo Facility market notice and provides background information and further details about the design of the revised policy. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E58, F, F6, F68, G, G0, G01, G2, G23 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
May 24, 2017 Digital currencies and fintech: projects We are working on several technical projects designed to help us prepare for the future of money and payments.
December 23, 2005 70 Years of Central Banking in Canada Bank of Canada Review - Winter 2005-2006 David Dodge Remarks by David Dodge, Governor of the Bank of Canada, to the Canadian Economics Association Content Type(s): Publications, Bank of Canada Review articles
December 6, 2005 The Bank of Canada: An Illustrated History This volume features interesting images and anecdotes about Canada's central bank and its place in Canadian society from 1935 until the present. Content Type(s): Publications, Books and monographs, Souvenir books
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
June 1, 2004 The Evolving Financial System and Public Policy: Conference Highlights and Lessons Financial System Review - June 2004 Pierre St-Amant, Carolyn A. Wilkins Content Type(s): Publications, Financial System Review articles