The Bank of Canada increased its target for the overnight rate to 1 per cent, with the Bank Rate at 1¼ per cent and the deposit rate at 1 per cent. The Bank is also ending reinvestment and will begin quantitative tightening, effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet … Read more
The Bank of Canada announced it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion. “As the Bank of Canada assumes the role of chair, we have an important opportunity to support the growth and evolution of the network, and to deepen both the relations that have been developed … Read more
The Bank of Canada increased its target for the overnight rate to ½ per cent, with the Bank Rate at ¾ per cent and the deposit rate at ½ per cent. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes … Read more
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ per cent, with the Bank Rate at ½ per cent and the deposit rate at ¼ per cent With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The … Read more
The Bank of Canada and Office of the Superintendent of Financial Institutions (OSFI) released the results of a pilot project on climate scenario analysis. This pilot was a key step in helping Canada’s financial sector improve its ability to analyze economic and financial risks affecting financial institutions that could arise from climate change. Together with … Read more
The Bank of Canada published a new research paper, Democratic Political Economy of Financial Regulation by Igor Livshits and Youngmin Park. The full release is available online. The Bank of Canada published a new research paper, Discount Rates, Debt Maturity, and the Fiscal Theory, by Alexandre Corhay, Thilo Kind, Howard Kung and Gonzalo Morales. The full release is available online.
The Bank of Canada announced climate change commitments in response to COP26. The Bank of Canada commits to taking the following concrete steps: Assess the effects of climate change on the macroeconomy and price stability Evaluate the Canadian financial system’s exposures to climate-related risks and improve associated risk management capacities Measure, mitigate and report on the … Read more
The Bank of Canada held its target for the overnight rate at the effective lower bound of ¼ per cent, with the Bank Rate at ½ per cent and the deposit rate at ¼ per cent. The Bank’s extraordinary forward guidance on the path for the overnight rate is being maintained. The Bank is ending … Read more
Bank of Canada Governor Tiff Macklem has designated Lynx, owned and operated by Payments Canada, as a systemically important payment system under the Payment Clearing and Settlement Act. Given how important Lynx is as Canada’s wholesale payment system, a disruption or failure of this system could significantly and adversely affect the financial system and economy. This designation brings Lynx … Read more
The Bank of Canada published a new research paper, Reaching for yield or resiliency? Explaining the shift in Canadian pension plan portfolios, by Sébastien Betermier, Nicholas Byrne, Jean-Sébastien Fontaine, Hayden Ford, Jason Ho and Chelsea Mitchell. The full release is available online.
