Publications

• July 22, 2010

  Monetary Policy Report – July 2010

  

  The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on balance sheet repair by households, banks, and governments in a number of advanced economies is expected to temper the pace of global growth relative to the Bank’s outlook in April.

  Content Type(s): Publications, Monetary Policy Report
• July 21, 2010

  Why Monetary Policy Matters: A Canadian Perspective

  This paper provides a non-technical introduction to monetary policy - what it is, how it works, and why it matters. It discusses inflation volatility and why this is damaging to the economy, as well as why increased stability of output growth is desirable.

  Content Type(s): Publications, Books and monographs
• July 19, 2010

  Economic Research at the Bank of Canada, 1935-65

  A retrospective of economic research at the Bank of Canada from 1935 to 1965.

  Content Type(s): Publications, Books and monographs
• July 15, 2010

  Annual Report 2009

  

  A year of financial market strains and economic disruption in 2009 gave way to initial signs of progress in 2010, the year the Bank of Canada celebrates its 75th anniversary. The lessons of the past year vividly illustrate what the Bank has demonstrated repeatedly through seven and a half decades: the value of well-researched policy frameworks and decisive action.

  Content Type(s): Publications, Annual Report
• July 13, 2010

  Senior Loan Officer Survey - Second-Quarter 2010

  The survey results point to an overall easing in business-lending conditions during the second 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
• July 12, 2010

  Business Outlook Survey - Summer 2010

  For the first time in two years, firms, on balance, reported an improvement in their past sales activity. While the balances of opinion on future sales growth and investment are lower than in recent surveys, and firms are concerned about global uncertainties, overall, they are positive about the outlook for business activity over the next 12 months.

  Content Type(s): Publications, Business Outlook Survey
• June 20, 2010

  The Bank of Canada’s Extraordinary Liquidity Policies and Moral Hazard

  Financial System Review - June 2010 Carolyn A. Wilkins, Jack Selody

  Bank of Canada published a report establishing a set of principles to guide the extraordinary liquidity interventions it was making in response to the systemic shocks buffeting the Canadian financial system. These principles provided a framework for maintaining consistency between the Bank’s actions and its responsibilities as lender of last resort to the financial system, while allowing sufficient fl exibility to respond to the unique challenges of the crisis.

  Content Type(s): Publications, Financial System Review articles
• June 20, 2010

  The Impact of the Financial Crisis on Cross-Border Funding

  Financial System Review - June 2010 Harri Vikstedt, Jonathan Witmer, Yaz Terajima

  Content Type(s): Publications, Financial System Review articles
• June 20, 2010

  The Role of Securities Lending in Market Liquidity

  Financial System Review - June 2010 Nadja Dreff

  Content Type(s): Publications, Financial System Review articles
• June 20, 2010

  Securitized Products, Disclosure, and the Reduction of Systemic Risk

  Financial System Review - June 2010 Carolyn A. Wilkins, Scott Hendry, Stéphane Lavoie

  Content Type(s): Publications, Financial System Review articles