June 27, 2014
A Dual Vision for the Canadian Payments System
Deputy Governor Lawrence Schembri calls for a collaborative approach to achieving a payments system that is innovative, safe, and efficient.
News
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June 12, 2014
Release of the Financial System Review
Press conference following the release of the Financial System Review. -
June 12, 2014
Financial System Review - June 2014
The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The June 2014 issue features three reports on financial system initiatives: making financial benchmarks more robust; implementing the stronger Basel III capital and liquidity framework for banks; and using stress tests to assess financial system risks. -
June 12, 2014
Bank of Canada’s enhanced financial stability framework shows system is robust, housing vulnerabilities remain
The Bank of Canada today unveiled an enhanced framework to gauge the evolving risks to financial stability in its semi-annual Financial System Review (FSR), finding that the Canadian financial system is robust but still faces significant vulnerabilities. “After weighing the risks to financial stability through our improved framework, our level of comfort as policy makers […] -
June 4, 2014
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
May 15, 2014
Double Coincidence of Needs: Pension Funds and Financial Stability
Deputy Governor Lawrence Schembri discusses pension funds and financial stability. -
May 13, 2014
Bank of Canada Review - Spring 2014
The five articles in this issue present research and analysis by Bank staff covering a variety of topics: the growth of Canadian-dollar-denominated assets in official foreign reserves; the emergence of platform-based digital currencies; methods of forecasting the real price of oil; measures of uncertainty in monetary policy; and the recent performance of the labour market in Canada and the United States. -
April 30, 2014
Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce
Thank you for the opportunity for Tiff and me to be here today to share with you highlights from the Bank of Canada’s recent economic outlook. The Bank aims to communicate openly and effectively so that Canadians know how we are achieving our mandate to promote the economic and financial welfare of this country. One […] -
April 30, 2014
Bank of Canada announces appointment of Lynn Patterson as Deputy Governor
The Board of Directors of the Bank of Canada today announced the appointment of Lynn K. Patterson as Deputy Governor effective 5 May 2014. -
April 29, 2014
Opening Statement before the House of Commons Standing Committee on Finance
Thank you for the opportunity for Tiff and me to be here today to share with you highlights from the Bank of Canada’s recent economic outlook. The Bank aims to communicate openly and effectively so that Canadians know how we are achieving our mandate to promote the economic and financial welfare of this country. One […]