We model non-bank entry into fixed-income markets and state-dependent liquidity. Non-bank financial institutions improve ...

Foreign demand for Government of Canada (GoC) bonds has increased rapidly since the financial crisis. This sudden interest by foreigners in the GoC market is associated with external events, such as ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...

The release of new macroeconomic data—like unemployment or inflation rates—can surprise market participants. Data releases are valuable to market participants because they reveal new information about ...

The Bank of Canada is the resolution authority for Canadian financial market infrastructures (FMIs) that have been designated by the Governor under the Payment Clearing and Settlement Act (PCSA). FMIs ...

Fontaine and Nolin (2016), Part I in this series, show that more than 50 per cent of the Canadian dollar variations are now systematic. Systematic variations are well-understood in the equity market.

How often does the cashier just hand over the debit machine when you pay for your morning coffee? Some even seem surprised if you give them cash. Last year in Canada, people used cash for only 1 in 3 ...

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint.

We aim to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks. We’re taking steps to better understand the impacts of ...

Over the years, the Bank of Canada has adjusted the way it sets its key interest rate. Following is a brief history of the key rate from the Bank’s founding in 1935 until the present. The original key ...

The Bank of Canada is using an enhanced dataset that tracks the stock of outstanding mortgages and home equity lines of ...