As the ultimate provider of Canadian-dollar liquidity to the financial system, the Bank of Canada has the unique capacity to create Canadian-dollar claims on the central bank and the power to make secured loans or advances to chartered banks and other members of the Canadian Payments...

The four essays published here provide a useful overview for anyone interested in understanding the issues and policy environment surrounding financial system stability. The first three essays consider different aspects of the question, What is financial stability/instability? The first essay,...

Significant legislative developments have occurred in Canada's financial services sector over the past decade. This article chronicles those developments and gives an overview of the key provisions contained in Bill C-8, the legislation to reform the sector that came into force in October 2001....