October 16, 2024 Operational risk and incident response This supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act comply with their obligations related to the identification and mitigation of their operational risks as well as their response to incidents. Content Type(s): Retail payments materials, Supervisory guidelines Subject(s): Retail payments, Operational risk and incident response, Supervision
Small and smaller: How the economic outlook of small firms relates to size Staff analytical note 2021-14 Chris D'Souza, James Fudurich, Farrukh Suvankulov Firms with fewer than 100 workers employ about 65 percent of the total labour force in Canada. An online survey experiment was conducted with firms of this size in Canada in 2018–19. We compare the responses of small and micro firms to explore how their characteristics and economic outlooks relate to their size. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C8, C83, D, D2, D22, E, E3, E32 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
What Explains the Recent Increase in Canadian Corporate Bond Spreads Staff analytical note 2017-2 Maxime Leboeuf, James Pinnington The spread between the yield of a corporate bond and the yield of a similar Government of Canada bond reflects compensation for possible default by the issuing firm and compensation for additional risks beyond default. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk
June 14, 2012 An Improved Framework for Assessing the Risks Arising from Elevated Household Debt Financial System Review - June 2012 Umar Faruqui, Xuezhi Liu, Tom Roberts Content Type(s): Publications, Financial System Review articles
July 13, 2016 Monetary Policy Report – July 2016 Canadian economic growth is projected to accelerate from 1.3 per cent this year to 2.2 per cent in 2017. Content Type(s): Publications, Monetary Policy Report
October 21, 2015 Monetary Policy Report – October 2015 Canada’s economy is expected to grow by 1.1 per cent this year before accelerating to 2.0 per cent in 2016 and 2.5 per cent in 2017. Content Type(s): Publications, Monetary Policy Report
How does the Bank of Canada’s balance sheet impact the banking system? Staff analytical note 2022-12 Daniel Bolduc-Zuluaga, Brad Howell, Grahame Johnson We examine how changes in the Bank of Canada’s balance sheet impact the banking system. Quantitative easing contributed to an increase in the size of the banking system’s balance sheet and an improvement in bank liquidity coverage ratios. Quantitative tightening is expected to partially reverse these impacts. The banking system will have to adjust its liquidity management strategy in response. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E51, G, G2, G21, G23, G3, G32 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
Firms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey Staff analytical note 2023-3 Ramisha Asghar, James Fudurich, Jane Voll Canadian firms’ expectations for high inflation may be influencing their price setting, supporting strong price growth and delays in the transmission of monetary policy. Using data from the Business Outlook Survey, we investigate the reasons behind widespread price growth seen in Canada in 2021 and early 2022. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D2, D22, E, E3, E31 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
July 15, 2015 Monetary Policy Report – July 2015 Economic growth in Canada is projected to average just over 1 per cent in 2015 and about 2 1/2 per cent in 2016 and 2017. Content Type(s): Publications, Monetary Policy Report
August 1, 2001 Monetary Policy Report Update – August 2001 The Bank’s outlook for inflation and overall economic activity in Canada to the end of 2002 has not changed fundamentally from that presented in the May Monetary Policy Report. Content Type(s): Publications, Monetary Policy Report