June 26, 2024 CFIF-BATVN publishes an educational primer on Canadian Asset-Backed Commercial Paper Canadian money markets are undergoing a significant change due to the disappearance of Bankers Acceptances (BAs). BAs will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication on June 28, 2024. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
August 21, 2007 Bank of Canada sees joint commitment by major Bank CEOs on bank-sponsored asset-backed commercial paper (ABCP) as positive step Media Relations Ottawa, Ontario The Bank of Canada continues to monitor the functioning of Canada's financial markets and to make liquidity available as required. The commitment by Canada's major bank CEO's to work together to support the performance and liquidity of the market for bank-sponsored asset-backed commercial paper (ABCP) is a further positive step to help re-establish well functioning […] Content Type(s): Press, Press releases
Repo transaction costs and balance sheet frictions Staff analytical paper 2026-10 Yanis Belkacem, Fabienne Schneider, Adrian Walton We develop an approach to quantify transaction costs in the repo market using OTC transaction data, where quoted bid-ask spreads are not observable. By estimating effective spreads at the level of individual trades, we construct a novel metric to evaluate intermediation costs across different segments of the market. Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G1, G10, G12, G2, G20 Research Theme(s): Financial markets and funds management, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
Calculating Effective Degrees of Freedom for Forecast Combinations and Ensemble Models Staff discussion paper 2022-19 James Younker This paper derives a calculation for the effective degrees of freedom of a forecast combination under a set of general conditions for linear models. Computing effective degrees of freedom shows that the complexity cost of a forecast combination is driven by the parameters in the weighting scheme and the weighted average of parameters in the auxiliary models. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C0, C01, C02, C1, C13, C5, C50, C51, C52, C53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
June 16, 2021 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 6, 2020 A road map to payment systems Paul Miller, Ariel Olivares Your money on the move Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech
March 30, 1995 Uncertainty and the Transmission of Monetary Policy in Canada Lecture Gordon Thiessen York University, Glendon College Toronto, Ontario Just over seven years ago, my predecessor, John Crow, delivered the Hanson Memorial Lecture at the University of Alberta. In it, he discussed a number of issues relating to the conduct of Canadian monetary policy, including the goal of monetary policy, the transmission mechanism, the use of monetary aggregates as policy guides, financial market uncertainty, and the role of the exchange rate Content Type(s): Press, Speeches and appearances, Lectures
August 6, 2010 Terms of Use, Disclosures and Disclaimers This website is provided by the Bank of Canada as a service to its users. Users are defined for the purposes of this statement as “You”. Your access to, and use of, this website constitutes your agreement to accept these Terms of Use and Disclaimers.
May 18, 2005 Bank of Canada Issues Upgraded $10 Bank Note Media Relations Ottawa, Ontario The Bank of Canada today put into circulation an upgraded $10 bank note with enhanced security features. The design, colour, and theme (Remembrance and Peacekeeping) of the upgraded $10 note are the same as those of the previously issued $10 note from the Canadian Journey series. Content Type(s): Press, Press releases
April 5, 2012 Annual Report 2011 2011 was a challenging year for the global economy. Amid global turbulence, Canada’s macroeconomic policy framework has stood us well. The 2011 Annual Report provides a Message from the Governor, highlights key achievements over the year, describes the Bank’s corporate governance, and presents financial statements in conjunction with Management’s Discussion and Analysis. Content Type(s): Publications, Annual Report