May 14, 1997 The changing business activities of banks in Canada Bank of Canada Review - Spring 1997 Jim Armstrong Over the last 30 years, the business mix of banks in Canada has changed significantly. Progress in information-processing technology, legislative changes, and market forces have combined to blur the traditional distinctions between banks and other financial institutions and have allowed banks to offer a much wider range of products and services. In this article, the author reviews the expansion of bank lending to households over this period and their recent movement into personal wealth management. While these trends were facilitated by revisions to legislation, they also reflected the changing needs of the "baby boom" generation, first as home-buyers and, more recently, as middle-aged investors. On the commercial and corporate side, banks reacted to the rapid expansion of securities markets (and to the reduced demand for intermediation by both lenders/depositors and borrowers) by moving into investment banking, after legislative changes opened this business to them in the late 1980s. They also used their expertise in credit assessment and risk management to provide credit guarantees and to act as counterparties and intermediaries in derivatives markets. Notable in this broadening of bank activities has been their more recent entry into the trust, mutual fund, and retail brokerage business. The banks have also made preliminary forays into insurance. The expansion of off-balance-sheet activities has made fee income an increasingly important part of bank earnings. The article also looks at the emerging tools and techniques that will most likely transform the structure of banking in the future. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions
May 16, 2022 CARR welcomes RBSL’s decision to cease the publication of CDOR after June 28, 2024 Today, Refinitiv Benchmark Services (UK) Limited (RBSL), CDOR’s regulated administrator, announced the cessation of the publication of CDOR after June 28, 2024. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data Staff Discussion Paper 2012-9 Umar Faruqui, Samah Torchani Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Sectoral balance sheet JEL Code(s): C, C3, C35, D, D1, D12, D3, D30
March 21, 2018 Bank of Canada announces creation of working group to develop new term risk-free interest rate benchmark The Bank of Canada today announced the creation of the Canadian Alternative Reference Rate Working Group (CARR), sponsored by the Canadian Fixed-Income Forum (CFIF), to identify and seek to develop a new term risk-free Canadian dollar interest rate benchmark. Content Type(s): Press, Market notices
2021 Methods-of-Payment Survey Report Staff Discussion Paper 2022-23 Christopher Henry, Matthew Shimoda, Julia Zhu We present results from the 2021 Methods-of-Payment Survey, including updated payment shares. We highlight long-term trends and provide additional context for results with respect to the COVID-19 pandemic. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Coronavirus disease (COVID-19), Digital currencies and fintech, Financial services JEL Code(s): D, D8, D83, E, E4, E41
April 30, 2013 Bank Note Unveiling Remarks Mark Carney Ottawa, Ontario Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
December 17, 2018 CARR Meeting (December 17, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
December 12, 2019 Big Issues Ahead: The Bank’s 2020 Vision Remarks Stephen S. Poloz Empire Club of Canada Toronto, Ontario Governor Stephen S. Poloz discusses how long-term global economic forces will drive the Bank of Canada’s work agenda in 2020 and beyond. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Digital currencies and fintech, Economic models, Inflation targets, International topics, Monetary policy framework, Productivity
April 2, 2019 Sustainability Educational Pamphlet A case study on the Head Office Renewal Project and its pursuit of a LEED® Certification.
February 26, 2003 Bank of Canada Announces First Research Fellowship Awards Media Relations Ottawa, Ontario The Bank of Canada today announced the first two fellowship awards for 2003 under its Fellowship Program launched late last year. Content Type(s): Press, Press releases Source(s): Fellowship Program