May 16, 2001 Core Principles for Systemically Important Payments Systems and Their Application in Canada Bank of Canada Review - Spring 2001 Clyde Goodlet Systemically important payments systems are systems that, because of the size or the nature of the payments they process, could trigger or transmit serious shocks across domestic or international financial systems if they were insufficiently protected against risk. This article describes the overall framework of core principles developed for the design, operation, and oversight of such payments systems. The article reviews the role of the task force established to develop the core principles and examines the core principles themselves. It also examines the role of central banks in overseeing major payments systems and in applying the core principles to them. The focus is on the Bank of Canada's oversight responsibilities under the Payment Clearing and Settlement Act and on Canada's systemically important payments system—the LVTS. Content Type(s): Publications, Bank of Canada Review articles
November 5, 2013 Transitioning to More Balanced and Sustainable Growth Remarks John Murray Federal Reserve Bank of San Francisco San Francisco, California Deputy Governor John Murray discusses transitioning to more stable and balanced economic growth in the global economy. Content Type(s): Press, Speeches and appearances, Remarks
September 9, 2021 Economic progress report: Monetary policy for the recovery Remarks (delivered virtually) Tiff Macklem Fédération des chambres de commerce du Québec Montréal, Quebec Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and discusses how the Bank could adjust monetary policy and its quantitative easing program as the recovery progresses. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
Potential output in Canada: 2024 assessment Staff analytical note 2024-11 Tessa Devakos, Christopher Hajzler, Stéphanie Houle, Craig Johnston, Antoine Poulin-Moore, Ron Rautu, Temel Taskin We expect that potential output in Canada will grow by 2.3% and 2.5% in 2023 and 2024, respectively, and average slightly below 1.7% by 2027 as population growth moderates. Relative to the April 2023 assessment, growth is revised up in 2024, with a larger contribution from trend labour input due to higher-than-anticipated population growth. We revise down our estimates of growth over 2025–26. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E3, E4, E5 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
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
June 28, 2011 Financial Risks and Global Reforms Remarks Agathe Côté Financial Markets Association of Canada in association with Women in Capital Markets Toronto, Ontario In a speech to members of the Financial Markets Association of Canada and Women in Capital Markets, Deputy Governor Agathe Côté discusses risks to the Canadian financial system and reform of the global system. Content Type(s): Press, Speeches and appearances, Remarks
January 23, 2002 Monetary Policy Report Update – January 2002 In the November Monetary Policy Report, the timing and extent of the recovery in economic activity in Canada this year was seen as depending crucially on geopolitical developments and on how quickly consumer and business confidence would return to normal. Content Type(s): Publications, Monetary Policy Report
December 16, 2021 CARR publishes White Paper on the recommended future of CDOR In October 2020, the Canadian Alternative Reference Rate (CARR) working group was tasked with analyzing the current status of the Canadian Dollar Offered Rate (CDOR) and to make recommendations based on that analysis. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
November 23, 2021 CARR publishes CORRA-related recommendations and key findings in its review of CDOR The Canadian Alternative Reference Rate working group (CARR) today published a set of recommendations aimed at facilitating the widespread use of the Canadian Overnight Repo Rate Average (CORRA) in the Canadian financial system. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
March 10, 2011 Bank of Canada Announces Further Details on New Series of Polymer Bank Notes Media Relations Ottawa, Ontario The Bank of Canada today announced that it will begin circulating a new $100 polymer bank note in November 2011, with a polymer $50 note to follow in March 2012. The Bank also provided further technical and background information about the new bank notes. Content Type(s): Press, Press releases