News

• June 8, 2017

  Financial System Review - June 2017

  

  This issue of the Financial System Review reflects the Bank’s judgment that household indebtedness and housing market imbalances–the most important vulnerabilities for the Canadian financial system–have moved higher over the past six months. However, the financial system remains resilient, and macroeconomic conditions continue to improve. Other vulnerabilities discussed in this FSR are fragile fixed-income market liquidity and the capacity of an interconnected financial system to mitigate cyber threats.

  Content Type(s): Publications, Financial Stability Report
• June 1, 2017

  Bank of Canada issues commemorative $10 bank note to mark the 150th anniversary of Confederation

  Media Relations Ottawa, Ontario

  The Bank of Canada today began circulating the $10 commemorative bank note that celebrates the 150^th anniversary of Confederation. Canadians can now obtain this special note at financial institutions. Only 40 million notes are being issued—roughly one for every Canadian.

  Content Type(s): Press, Press releases
• May 25, 2017

  Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

  Financial System Review - June 2017 James Chapman, Rodney J. Garratt, Scott Hendry, Andrew McCormack, Wade McMahon

  This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

  Content Type(s): Publications, Financial System Review articles Topic(s): Digital currencies and fintech, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, G, G2, G28
• May 25, 2017

  Upgrading the Payments Grid: The Payoffs Are Greater Than You Think

  Remarks Sylvain Leduc Payments Canada Toronto, Ontario

  Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial markets, Financial stability, Financial system regulation and policies, Monetary policy implementation, Payment clearing and settlement systems
• May 24, 2017

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• May 11, 2017

  Bank of Canada Review - Spring 2017

  

  Some suggest the global economy is facing a fourth industrial revolution. Bank researchers discuss the possible implications of digitalization on the economy. This issue also shares insights on the effectiveness of some unconventional monetary policies in a small open economy, how Government of Canada bonds are used throughout their life cycle, as well as how the Big Six Canadian banks choose their funding strategies and why. The final article examines the slow growth in business investment.

  Content Type(s): Publications, Bank of Canada Review
• May 10, 2017

  Bank of Canada to participate in Doors Open Ottawa

  The Bank of Canada is pleased to announce its participation in Doors Open Ottawa 2017.

  Content Type(s): Press, Announcements
• May 4, 2017

  Canada and Mexico both set to capitalize on current opportunities, Bank of Canada Governor Poloz says

  Media Relations Mexico City, Mexico

  Canada and Mexico share economic traits that leave both well placed to face global challenges and capitalize on opportunities, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• May 4, 2017

  Canada and Mexico: Common Issues in Uncommon Times

  Remarks Stephen S. Poloz CanCham México and Club de Industriales Mexico City, Mexico

  Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• April 18, 2017

  Embrace automation and manage its side effects, says Senior Deputy Governor Wilkins

  Media Relations Toronto, Ontario

  Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases