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May 25, 2017

Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

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

Will Asset Managers Dash for Cash? Implications for Central Banks

We consider ways central banks could adapt in the event of an increased risk of a dash for cash from asset managers. We explore ideas such as new facilities that ease asset managers’ ability to convert existing assets to cash or new assets with liquidity that central banks would guarantee.
October 29, 2014

Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce

Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario
Good afternoon, Mr. Chairman and committee members. I am pleased to introduce you to Carolyn Wilkins, who assumed the post of Senior Deputy Governor of the Bank of Canada on 2 May of this year. Before we take your questions, let me give you some of the highlights of the economic outlook. I’ll draw mainly […]
December 10, 2007

Reflections on Developments in the Canadian Financial System

Remarks David Dodge Canadian Club of Toronto and the Empire Club of Canada Toronto, Ontario
It has become a tradition that I deliver a speech late in the year on issues related to the financial system. When I say "financial system," I mean financial institutions and markets, together with the clearing and settlement systems through which financial assets flow.

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.
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.
December 20, 2006

Why Monetary Policy Matters: A Canadian Perspective

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?
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