January 8, 2009 Financial Stability through Sound Risk Management Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again. Content Type(s): Press, Speeches and appearances, Remarks
Financial Constraints and Corporate Investment in China Staff Discussion Paper 2022-22 Kun Mo, Michel Soudan Financial constraints deter firms from pursuing optimal investment plans. In China, we find privately owned firms face greater financial constraints than state-owned enterprises (SOEs). This can be explained by our finding that lenders appear less concerned about the credit risk of SOEs, which causes distortions in the allocation of credit. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Financial markets, Firm dynamics JEL Code(s): E, E2, E22, G, G1, G3
April 23, 2003 Monetary Policy Report – April 2003 The global economic outlook has been clouded by a high degree of uncertainty, accentuated most recently by the war in Iraq. Content Type(s): Publications, Monetary Policy Report
May 26, 2020 Opening Statement before the Senate National Finance Committee Opening statement Stephen S. Poloz Senate National Finance Committee Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank of Canada’s actions in response to the coronavirus pandemic. Since the pandemic began, the Bank has had two goals in mind. In the short term, we have been working to help […] Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Monetary policy transmission, Recent economic and financial developments
July 27, 2023 CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone Today, the Canadian Alternative Reference Rate working group (CARR) published a set of documents that will help support the transition of the Canadian loan market from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
The Direct Effect of China on Canadian Consumer Prices: An Empirical Assessment Staff Discussion Paper 2007-10 Louis Morel The author investigates the direct effect of Chinese imported goods on consumer prices in Canada. On average, over the 2001–06 period, the direct effect of consumer goods imported from China is estimated to have reduced the inflation rate by about 0.1 percentage points per year. This disinflationary effect is due to two causes: first, the […] Content Type(s): Staff research, Staff discussion papers Research Topic(s): Inflation and prices JEL Code(s): E, E3, E31
January 21, 2010 Monetary Policy Report – January 2010 The global economic recovery is under way, supported by continued improvements in fi nancial conditions and stronger domestic demand growth in many emerging-market economies. Content Type(s): Publications, Monetary Policy Report
May 18, 2023 Financial System Review—2023 Tiff Macklem, Carolyn Rogers, Paul Beaudry, Toni Gravelle, Sharon Kozicki, Nicolas Vincent The adjustment to higher interest rates is exposing vulnerabilities in the global financial system. Recent banking sector stresses serve as a reminder that risks can arise and spread quickly. Key areas of concern are bank funding, liquidity in fixed income markets, and households’ ability to service their debts. Other financial system concerns relate to cyber attacks, climate change and cryptoasset markets. Content Type(s): Publications, Financial Stability Report
December 21, 2008 The Impact of Sovereign Wealth Funds on the International Financial System Financial System Review - December 2008 Tamara Gomes Content Type(s): Publications, Financial System Review articles
February 17, 2010 Bank of Canada Liquidity Facilities: Past, Present, and Future Remarks David Longworth C.D. Howe Institute Toronto, Ontario Thank you for inviting me here today. It is a pleasure to be with you. This afternoon, I would like to talk about liquidity and the role of the Bank of Canada. Content Type(s): Press, Speeches and appearances, Remarks