Christopher S. Sutherland

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Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years.

Toward 2021

Reviewing the Monetary Policy Framework.

Canada’s Vertical $10 Note

Explore and share the $10 polymer bank note featuring Viola Desmond, which begins circulating in late 2018.

Upcoming changes to legal tender status for older bank notes

Find out what removing legal tender status means and which bank notes are affected.

Browse Publications

Browse and filter Bank of Canada publications by author, JEL code, topic and content type.

Monetary Policy Report – April 2018

The Bank’s new forecast calls for economic growth of 2.0 percent this year, 2.1 per cent in 2019 and 1.8 per cent in 2020.

Digital Currencies and Fintech

Understanding digital currencies and related financial technologies is an important part of our research agenda.

Browse Press

Browse and filter Bank of Canada press content by topic, author, location and content type.

Yellowknife Chamber of Commerce - Speech (Webcasts)

Canada’s Economy and Household Debt: How Big Is the Problem? - Stephen S. Poloz, the Governor of the Bank of Canada, speaks to the Yellowknife Chamber of Commerce. (12:45 (Mountain Time), 14:45 (Eastern Time) approx.)

Banking and Financial Statistics

A compilation of banking and financial indicators, including the Bank of Canada’s assets and liabilities, credit and monetary aggregates, chartered banks data and selected financial market statistics.

Latest

How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?

Staff Working Paper 2018-2 Monica Jain, Christopher S. Sutherland

We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts.

Content Type(s): Staff Research, Staff Working Papers Topic(s): Central bank research, Inflation targets, Monetary Policy, Monetary policy communications, Transmission of monetary policy JEL Code(s): D, D8, D83, E, E3, E37, E5, E52, E58

What Explains Month-End Funding Pressure in Canada?

Staff Discussion Paper 2017-9 Christopher S. Sutherland

The Canadian overnight repo market persistently shows signs of latent funding pressure around month-end periods. Both the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three non-mutually exclusive hypotheses to explain this phenomenon.

Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Financial markets, Interest rates, Monetary policy framework, Monetary policy implementation, Transmission of monetary policy JEL Code(s): E, E4, E41, E43, E5, E52, E58, F, F3, F36, G, G1, G14, G15, G2, G21

Education

M.Sc. (Distinction), London Business School
B.Com (Honours), Queen’s University

Research Interests

Central bank communication
Applied econometrics

Corporate Governance

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Christopher S. Sutherland

Senior Economist

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