In the first annual Paul Storer Memorial Lecture on Canada–US relations at Western Washington University, Bank of Canada Governor Stephen S. Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated. “Models that do not recognize rising integration are likely to … Read more
Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said. In a speech to the Association des économistes québécois, the Cercle finance du Québec and CFA Québec, Governor Poloz talked about the need for companies and households to … Read more
Speaking a the Official Monetary and Financial Institutions Forum in London, UK, Bank of Canada Senior Deputy Governor Carolyn Wilkins stated that the decline in the global economy’s potential to grow, and the lower interest rates that come with it, pose risks for financial stability. Those risks can be mitigated through deliberate efforts from the private sector and policy-makers. … Read more
The bank published a new research paper, Household Risk Assessment Model by Brian Peterson and Tom Roberts, which is available online. The bank published a new research paper, Using Speed and Credit Limits to Address the Procyclicality of Initial Margin at Central Counterparties by Nikil Chande and Nicholas Labelle which is available online.
The Bank of Canada today announced that it 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. Global growth in the first half of 2016 was slower than the Bank had projected in its July Monetary Policy Report (MPR), … Read more
The bank announced marketable bond tenders have been accepted for a total repurchase amount of $470 million following an auction on Sept. 6, 2016. The full release is available online. The bank announced treasury bill tenders have been accepted for a minimum total amount of $12 billion following an auction on Sept. 6, 2016. The … Read more
During the month of April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest survey of turnover activity in the foreign exchange and over-the-counter derivatives markets in their respective countries. This worldwide effort was coordinated by the Bank for International Settlements and is undertaken every three years. The Bank of … Read more
The bank announced that tenders for Government of Canada bonds have been accepted for a minimum total repurchase amount of $3.9-billion following an auction on August 31, 2016. The full release is available online.
The bank announced a final call for treasury bill tenders with a minimum total amount of $12 billion to be auctioned by Sept. 6, 2016. The full posting is available online. The bank announced treasury bill tenders have been accepted for a total repurchase amount of $2.1 billion following an auction on Aug. 30, 2016. The … Read more
The bank announced a final call for treasury bill tenders with a minimum total amount of $2.1 billion to be auctioned by Aug. 30, 2016. The full release is available online. The Bank of Canada’s Quarterly Financial Report Second Quarter 2016 is available online.
