Inflation over time In 1991, the Government of Canada and the Bank of Canada agreed it would be good for Canadians to have low, stable and predictable inflation. This agreement made the Bank ...

We study consumer cash inventory behavior by developing a dynamic model of forward-looking consumers and estimating structural parameters of the model using detailed consumer survey data. Consumers ...

Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection. We supervise payment service providers under the Retail Payment ...

Learn about the Bank’s role in overseeing financial market infrastructure (FMIs), its oversight responsibilities and powers under Canada’s Payment Clearing and Settlement Act, and which FMIs are ...

Recent policy changes are having a clear impact on the mortgage market. The number of new, highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly.

Foreign investment flows into Government of Canada (GoC) bonds have surged since the financial crisis. Our empirical analysis suggests that foreign flows of $150 billion lowered the 10-year GoC bond ...

About the Governor's Challenge The Governor’s Challenge is an annual university outreach program organized and sponsored by the Bank of Canada and designed to bring real-world economics into the ...

Mutual funds employ a host of tools to manage redemption run risk. However, our results suggest that Canadian corporate bond funds may be vulnerable to redemption runs, especially when they are less ...

This past year, we have had to deal with the implications for our economy and our currency of increased global uncertainty and pressures arising from the problems that originated in Southeast Asia. I ...

When the Asian crisis erupted in the summer of 1997, few observers anticipated that international financial markets would still be under its influence more than a year later.

In recent years, the liquidity in the secondary market for Canadian provincial bonds was a concern for many market participants. We find that a proxy for the bid-ask spread has deteriorated modestly ...

Canadian interest rates show a secular decline since the 1980s. Long-term survey-based forecasts of interest rates also declined, but less so and were more gradual. Our model-based estimates show an ...