Posts

• October 21, 2010

  Bank of Canada Warns of Email Scams

  The Bank of Canada has become aware of email scams that send unsolicited emails falsely claiming to originate from the Bank of Canada.

  Content Type(s): Press, Announcements
• October 20, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010, such as the inventory cycle and pent-up demand, have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 20, 2010

  Monetary Policy Report – October 2010

  

  The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010 - such as the inventory cycle and pent-up demand - have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.

  Content Type(s): Publications, Monetary Policy Report
• October 19, 2010

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases

• Central Bank Haircut Policy

  Staff Working Paper 2010-23 James Chapman, Jonathan Chiu, Miguel Molico

  We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance against downside risk of the collateral.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Financial services, Financial system regulation and policies, Monetary policy implementation, Payment clearing and settlement systems JEL Code(s): E, E4, E40, E5, E50
• October 8, 2010

  Business Outlook Survey - Autumn 2010

  Responses to the autumn survey suggest that the economic recovery is progressing. Firms remain positive about the outlook over the next 12 months, but they generally expect growth to be modest, owing in part to a weaker outlook for the U.S. economy.

  Content Type(s): Publications, Business Outlook Survey
• October 8, 2010

  Senior Loan Officer Survey - Third-Quarter 2010

  The survey results point to an overall easing in business-lending conditions during the third quarter of 2010. Both the price and non-price aspects of business lending eased during the quarter. Note that the balance of opinion indicates only the direction of the change in lending conditions; it does not provide information on the magnitude of the change.

  Content Type(s): Publications, Senior Loan Officer Survey
• October 5, 2010

  Reflections on Monetary Policy After the Great Recession

  Remarks Tiff Macklem International Finance Club of Montréal Montréal, Quebec

  As a native Montrealer, I am particularly pleased to be coming home to deliver my first speech as Senior Deputy Governor of the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks