Posts

• April 13, 2011

  Monetary Policy Report – April 2011

  

  This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 8 April 2011.

  Content Type(s): Publications, Monetary Policy Report
• April 12, 2011

  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

• Mixed Frequency Forecasts for Chinese GDP

  Staff Working Paper 2011-11 Philipp Maier

  We evaluate different approaches for using monthly indicators to predict Chinese GDP for the current and the next quarter (‘nowcasts’ and ‘forecasts’, respectively). We use three types of mixed-frequency models, one based on an economic activity indicator (Liu et al., 2007), one based on averaging over indicator models (Stock and Watson, 2004), and a static factor model (Stock and Watson, 2002).

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C50, C53, E, E3, E37, E4, E47
• April 4, 2011

  Senior Loan Officer Survey - First-Quarter 2011

  The survey results point to an overall net easing in business-lending conditions. Both the price and non-price aspects of business lending eased during the first 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
• April 4, 2011

  Business Outlook Survey - Spring 2011

  Businesses remain positive about the economic outlook, although some forward-looking indicators have eased from the levels recorded in recent surveys, and the strength in commodity prices has raised expectations for costs and inflation.

  Erratum: Please note that the legend for Chart 9 (French version only) should read as follows: au-dessus de 3 % , rather than au-dessous de 3 %

  Content Type(s): Publications, Business Outlook Survey

• Sovereign Default Risk Premia, Fiscal Limits and Fiscal Policy

  Staff Working Paper 2011-10 Huixin Bi

  We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the ability and willingness of the government to service its debt, arise endogenously from a dynamic Laffer curve.

  Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, International topics JEL Code(s): E, E6, E62, H, H3, H30, H6, H60
• March 30, 2011

  Bank of Canada Announces Recipients of 2011 Fellowship and Governor’s Awards

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professors Randall K. Morck of the University of Alberta and Gregor W. Smith of Queen’s University are the recipients of the Bank’s Fellowship Award for 2011.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 28, 2011

  The “Great” Recession in Canada: Perception vs. Reality

  Remarks Jean Boivin Montréal CFA Society Montréal, Quebec

  Barely three years ago, the financial crisis was a source of major concern worldwide. This unprecedented event had serious and costly repercussions, which we continue to feel today.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 26, 2011

  Bank of Canada Governor Mark Carney discusses Challenges Posed by Globalization, Proposes Global Code of Conduct for Capital Flows

  Media Relations Calgary, Alberta

  Speaking at the Annual Meeting of the Inter-American Development Bank, Bank of Canada Governor Mark Carney called on global policymakers to work towards renewing the “rules of the game” of the international monetary system, while implementing short-term measures, such as a code of conduct for capital flows, to improve the functioning of the current system.

  Content Type(s): Press, Press releases
• March 26, 2011

  The Paradigm Shifts: Global Imbalances, Policy, and Latin America

  Remarks Mark Carney Inter-American Development Bank Calgary, Alberta

  Globalization is the opportunity and the challenge of our age. It has the potential to lift billions out of poverty, vastly expand economic prospects, and develop a more diverse and resilient global economy.

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