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9269 Results

September 23, 2021

Unlocking the potential of our people

The benefits of advancing equity, diversity and inclusion are clear. Ensuring that everyone is heard and feels valued leads to better decision making, greater adaptability, more creative thinking and stronger overall performance. We will embrace and celebrate difference, encouraging the Bank’s employees to grow and thrive in a flexible, supportive environment designed to include everyone.
September 23, 2021

Delivering on Our Promise: The Bank of Canada’s 2022–24 Strategic Plan

As the Canadian economy is reshaped by new opportunities and potentially disruptive challenges, our three-year strategic plan draws on valuable insights and innovative thinking from across the Bank. It defines the goals and priorities that will guide the work ahead as we deliver on our promise to Canadians.
September 23, 2021

Amplifying our impact

Leveraging the Bank’s expertise, achievements and reputation, we will forge and strengthen partnerships, share innovative tools and insights, and find opportunities to lead the conversation on major challenges facing the Canadian and global economies. By sharing the value of what we have learned with others, we will further advance our vision: to be a leading central bank.

Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline

Staff Analytical Note 2021-22 Olga Bilyk, Ken Chow, Yang Xu
We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt.

Ken Chow

Department(s): Financial Stability
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