Bank of Canada

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More information:

Financial System Review
A detailed review of developments in the financial system and an analysis of policy directions in the financial sector. Published twice a year.
Financial Markets Department
About the Bank's Financial Markets Department.
Research
Working papers and Bank of Canada Review articles pertaining to financial markets.

Markets

About Financial Markets

The Bank's roles in the markets

Financial markets consist of markets for money, bonds, equities, derivatives, and foreign exchange. They are one of the three elements of Canada's financial system. It is mainly through the financial markets that the Bank's key policy rate influences interest rates and the exchange rate. This, in turn, helps the Bank achieve its monetary policy objectives.

The Bank is also involved in financial markets through auctions of government securities. On rare occasions, the Bank may also intervene in the foreign exchange market on behalf of the government to promote orderly markets for the Canadian dollar.

The Bank conducts wide-ranging research to strengthen its understanding of the structure of the Canadian financial system and to identify how the Bank can encourage the development and stability of Canadian markets.