An update on the Canadian money market mutual fund sector

Jabir Sandhu, Sofia Tchamova and Rishi Vala

No 2025-25, Staff Analytical Notes from Bank of Canada

Abstract: We examine the Canadian money market fund (MMF) sector and find that it has grown rapidly, holding a large share of treasury bills and commercial paper. Unlike in some other jurisdictions where investor outflows likely amplified stresses, Canadian MMFs experienced inflows during the March 2020 market turmoil.

Keywords: Coronavirus disease (COVID-19); Financial institutions; Financial markets; Financial stability; Market structure and pricing; Monetary policy transmission (search for similar items in EconPapers)
JEL-codes: E4 E40 G0 G00 G01 G1 G2 G23 (search for similar items in EconPapers)
Date: 2025-10
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:25-25

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