Measuring Non-Financial Corporate Sector Vulnerabilities in Canada Staff Analytical Note 2019-15 Timothy Grieder, Claire Schaffter The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada. Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial stability, Monetary and financial indicators, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G0, G01, G3, G32
Reassessing the Growth of HELOCs in Canada Using New Regulatory Data Staff Analytical Note 2019-14 Leila Al-Mqbali, Olga Bilyk, Stefan Caputo, James Younker Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs). Content Type(s): Staff research, Staff analytical notes Topic(s): Credit and credit aggregates, Financial institutions, Financial stability, Recent economic and financial developments JEL Code(s): D, D1, G, G2, G21, G28
May 10, 2019 Climate Change and Central Banking Workshop This Bank of Canada conference examined macroeconomic and monetary policy challenges around climate change, including firm and bank exposures to physical and transition risks. Participants also discussed medium- and long-run implications for productivity growth and trade. Content Type(s): Conferences and workshops Topic(s): Climate change
May 8, 2019 Deputy Governor Lynn Patterson to retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor Lynn Patterson will retire on July 19, 2019. Content Type(s): Press, Press releases
May 7, 2019 Financial System Survey Highlights—May 2019 This article presents the key results from the spring 2019 Bank of Canada Financial System Survey, conducted March 11 and March 29, 2019. This survey included a special question on cyber risk. Content Type(s): Publications, Financial System Survey
Entrepreneurial Incentives and the Role of Initial Coin Offerings Staff Working Paper 2019-18 Rodney J. Garratt, Maarten van Oordt Initial coin offerings (ICOs) are a new mode of financing start-ups that saw an explosion in popularity in 2017 but declined in popularity in the second half of 2018 as regulatory pressure, instances of fraud and reports of poor performance began to undermine their reputation. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Exchange rates JEL Code(s): G, G3, G32