January 23, 2013 Monetary Policy Report – January 2013 Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report. Content Type(s): Publications, Monetary Policy Report
November 16, 1999 The Corporate Bond Market in Canada Bank of Canada Review - Autumn 1999 Martin Miville, André Bernier The Canadian corporate bond market has experienced a renaissance, in recent years, against a background of low inflation, reduced public borrowing, and the lowest levels of long-term interest rates in a generation. The authors examine the influences shaping the market and also compare the Canadian market with those of other countries. The increased level of activity in the market has been accompanied by the development of new products and by greater investor interest in instruments with higher returns and higher credit risk. A more dynamic Canadian corporate bond market is a welcome development since it offers borrowers an alternative source of funds, especially companies that have typically relied on the banking system and on the U.S. corporate bond market for financings involving higher levels of credit risk. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets
October 19, 2006 Monetary Policy Report – October 2006 The Canadian economy continues to operate just above its full production capacity, and the near-term outlook for core inflation has moved slightly higher. Content Type(s): Publications, Monetary Policy Report
December 6, 2012 Financial System Review - December 2012 The Governing Council judges that the risks to the stability of Canada’s financial system remain high, as they were at the time of the June FSR. The sources of the key risks are similar to those highlighted in June, and emanate primarily from the external environment. Content Type(s): Publications, Financial Stability Report
Security of a CBDC Staff Analytical Note 2020-11 Cyrus Minwalla Security is an important element in ensuring public confidence in a central bank digital currency (CBDC). This note highlights the required security properties of a CBDC system and the challenges encountered with existing solutions, should the Bank of Canada choose to issue one. Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): E, E4, E42, E5, E51, O, O3, O31
November 28, 2014 Quarterly Financial Report - Third Quarter 2014 Quarterly Financial Report - Third Quarter 2014 - For the period ended 30 September 2014 Content Type(s): Publications, Quarterly Financial Report
December 9, 1995 Survey of the Canadian foreign exchange and derivatives markets Bank of Canada Review - Winter 1995-1996 Martin Miville Since 1983, the Bank of Canada has conducted a triennial survey of foreign exchange market activity in Canada. The latest survey was done in April 1995 and covered activity in both the foreign exchange market and in the derivatives markets. The central banks of most other industrialized countries with active foreign exchange and derivatives markets also conducted similar surveys. This was the first time that markets for over-the-counter (OTC) derivatives were surveyed by central banks in a systematic and comprehensive fashion. The average daily turnover in the Canadian foreign exchange market, including foreign exchange derivatives, has continued to grow rapidly (by approximately 36 per cent to about U.S.$30 billion) since the last survey, although at a slower pace than during the 1980s. Foreign exchange and interest rate derivatives contracts dominate derivatives market activity, with equity and commodity derivatives activity being almost negligible in comparison. Through April 1995, daily turnover volume in Canadian foreign exchange and interest rate derivatives markets averaged about U.S.$19 billion and U.S.$15 billion, respectively, mostly in forward and swap transactions. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets
April 22, 2010 Monetary Policy Report – April 2010 Global economic growth has been somewhat stronger than projected, with momentum in emerging-market economies increasing noticeably. Content Type(s): Publications, Monetary Policy Report
June 22, 2011 The Growth of High-Frequency Trading: Implications for Financial Stability Financial System Review - June 2011 Anna Pomeranets, William Barker Content Type(s): Publications, Financial System Review articles
July 20, 2011 Monetary Policy Report – July 2011 The Canadian economy is projected to expand by 2.8 per cent in 2011, 2.6 per cent in 2012, and 2.1 per cent in 2013, returning to capacity in the middle of 2012. Total CPI inflation is expected to return to the 2 per cent target by the middle of 2012. Content Type(s): Publications, Monetary Policy Report