June 21, 2006 The Market for Financing of Infrastructure Projects through Public-Private Partnerships: Canadian Developments Financial System Review - June 2006 Elizabeth Woodman Content Type(s): Publications, Financial System Review articles
April 2, 2014 Briefing on Digital Currencies Remarks Grahame Johnson, Lukasz Pomorski Senate of Canada Ottawa, Ontario In an educational session on e-money to the Senate of Canada’s Standing Committee on Banking, Trade and Commerce. Grahame Johnson and Lukasz Pomorski highlight recent innovations in Canada’s payments system and the economic needs that these innovations satisfy. Content Type(s): Press, Speeches and appearances, Remarks
December 6, 2012 The Canadian Approach to Central Clearing for Over-the-Counter Derivatives Financial System Review - December 2012 Nikil Chande, Jean-Philippe Dion, Darcey McVanel, Joshua Slive Content Type(s): Publications, Financial System Review articles
August 14, 1997 The fiscal impact of privatization in Canada Bank of Canada Review - Summer 1997 Mylène Levac, Philip Wooldridge Privatization—the transfer of activities from the public to the private sector—gained international prominence in the 1980s because of the need to reduce budget deficits and growing concerns about the efficiency of state-owned enterprises and government bureaucracies. This article examines privatization in Canada and its effect on governments' fiscal positions. Privatization has generally been less rapid and extensive in Canada than elsewhere, partly because of the comparatively moderate size of our public sector. Nevertheless, federal, provincial, and municipal governments have increasingly reduced their direct involvement in the Canadian economy by selling Crown corporations, contracting with private firms to deliver public services, and transferring the development of public infrastructure projects to the private sector. The fiscal impact of privatizing Crown corporations varies with such factors as the profitability of the enterprise, the size of the government's initial investment, and past write-downs. In general, when privatizations are part of a broader effort to improve public finances, they can contribute to fiscal consolidation by reducing budgetary requirements and debt levels. When services and infrastructure projects are privatized, it is expected that more efficient private sector management will reduce government expenditures. For example, a private consortium may be better able to manage the financial risks involved in building an infrastructure facility, such as cost overruns or the withdrawal of contractors, than the public sector. The key to raising efficiency and lowering costs, however, is competition, not privatization per se. Therefore, the cost savings arising from the privatization of services or public works depend crucially on the terms of the contract. Overall, when structured to improve economic efficiency, privatization is likely to enhance the economy's performance, thereby producing long-term economic and budgetary gains. Content Type(s): Publications, Bank of Canada Review articles
December 5, 2019 Economic Progress Report: Charting Our Own Course Remarks Timothy Lane Ottawa Board of Trade Ottawa, Ontario Deputy Governor Timothy Lane talks about the different monetary policy paths taken by Canada and the United States over the last decade and reviews the Bank of Canada’s latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
September 2, 1999 Year 2000 and Contingency Arrangements for the Provision of Liquidity by the Bank of Canada Media Relations The financial sector is a crucial part of the Canadian economy and is well prepared for the year 2000. Content Type(s): Press, Press releases
April 24, 2014 Canada’s Hot - and Not - Economy Remarks Stephen S. Poloz Saskatchewan Trade and Export Partnership Saskatoon, Saskatchewan Bank of Canada Governor Stephen S. Poloz discusses the forces fuelling the differences between the hot - and not so hot - sectors of the economy and regions of the country. Content Type(s): Press, Speeches and appearances, Remarks
Can regulating bank capital help prevent and mitigate financial downturns? Staff analytical note 2021-12 Alejandro García, Josef Schroth Countercyclical capital buffers are regulatory measures developed in response to the global financial crisis of 2008–09. This note focuses on how time-varying capital buffers can improve financial stability in Canada Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E1, E13, E3, E32, E4, E44 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight
January 14, 2022 Using Scenario Analysis to Assess Climate Transition Risk Final Report of the BoC-OSFI Climate Scenario Analysis Pilot
October 22, 2014 Release of the Monetary Policy Report Opening statement Stephen S. Poloz Ottawa, Ontario Opening statement of Press conference that was to follow the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements