November 19, 2015 Recent Enhancements to the Management of Canada’s Foreign Exchange Reserves Bank of Canada Review - Autumn 2015 Mervin Merkowsky, Eric Wolfe As the size and complexity of the foreign exchange reserves have grown over the years, enhancements to the management framework needed to keep pace. This is a common theme for most reserve managers around the world. In Canada, the enhancements focused on governance, portfolio management, risk measurement and risk management. This article briefly describes these enhancements, why they were implemented and some of the lessons learned along the way. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Central bank research, Foreign reserves management, Recent economic and financial developments JEL Code(s): E, E5, E58, F, F3, F31, G, G1
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 Research Topic(s): Payment clearing and settlement systems
November 19, 2015 Measuring Durable Goods and Housing Prices in the CPI: An Empirical Assessment Bank of Canada Review - Autumn 2015 Patrick Sabourin, Pierre Duguay While the CPI is the most commonly used measure to track inflation, it is not fully consistent with a true cost-of-living index (COLI). Although the official treatment of durable goods and housing in the CPI represents an acceptable compromise in the current environment of low and stable inflation, Sabourin and Duguay suggest that it would be worthwhile to consider treating housing and durables in the same way and bringing the actual CPI closer to a COLI. This could be accomplished by employing an enhanced user-cost approach to calculate the imputed cost of the services provided by the use of durable goods or housing. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Inflation and prices JEL Code(s): E, E3, E31, E5, E52
Un modèle du coût du financement et du ratio d'endettement des entreprises non financières Technical Report No. 61 Jean-François Fillion The main aim of this paper is to calculate the cost of financing for Canadian non-financial businesses and to develop a model to explain financing cost trends on the basis of selected macroeconomic variables. The model described herein is a system based on four equations: one for the real after-tax cost of financing; one for […] Content Type(s): Staff research, Technical reports Research Topic(s): Economic models
May 11, 2000 Monetary Policy Report – May 2000 The global economy has shown greater strength than was anticipated at the time of the November Report. Content Type(s): Publications, Monetary Policy Report
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 Research Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
January 21, 2019 CARR Meeting (January 21, 2019) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
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
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling Technical Report No. 108 Angelika Welte In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods. Content Type(s): Staff research, Technical reports Research Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): C, C8, C81, C83
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