Recent economic and financial developments

• May 19, 2015

  The Way Home: Reading the Economic Signs

  Remarks Stephen S. Poloz Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Governor Poloz discusses some key indicators the Bank is watching as the Canadian economy heads toward sustainable balanced growth.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Firm dynamics, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• May 14, 2015

  The Slowdown in Global Trade

  Bank of Canada Review - Spring 2015 Michael Francis, Louis Morel

  Global trade growth has been weak during the period following the 2007–09 financial crisis. This is an important development for Canada, given the Canadian economy's high degree of openness to trade. This article investigates some of the factors behind the slowdown in global trade and finds that the weakness of global demand and its changing composition, increased protectionism and diminishing incentives to expand trade have all played a role. Some of these factors are likely to have only a temporary effect on trade growth, but others could be more long-lasting.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): International topics, Recent economic and financial developments JEL Code(s): F, F1, F4, F6
• April 15, 2015

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy implementation, Recent economic and financial developments

• Sluggish Exports in Advanced Economies: How Much Is Due to Demand?

  Staff Discussion Paper 2015-3 Louis Morel

  Exports in advanced economies have been relatively sluggish since 2011, growing at a much slower pace than observed before the global financial crisis.

  Content Type(s): Staff research, Staff discussion papers Topic(s): International topics, Recent economic and financial developments JEL Code(s): F, F1, F4
• February 19, 2015

  Inflation, Expectations and Monetary Policy

  Remarks Agathe Côté Association québécoise des technologies Mont-Tremblant, Quebec

  Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credibility, Inflation and prices, Inflation targets, Monetary and financial indicators, Recent economic and financial developments

• Changing Labour Market Participation Since the Great Recession: A Regional Perspective

  Staff Discussion Paper 2015-2 Calista Cheung, Dmitry Granovsky, Gabriella Velasco

  This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Labour markets, Recent economic and financial developments, Regional economic developments JEL Code(s): E, E2, E24, E3, E32, J, J1, J2, J21, J6

• Does Financial Integration Increase Welfare? Evidence from International Household-Level Data

  Staff Working Paper 2015-4 Christian Friedrich

  Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for household heterogeneity and thus relaxes three restrictive assumptions that have featured prominently in the past.

  Content Type(s): Staff research, Staff working papers Topic(s): International financial markets, International topics, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E21, F, F3, I, I3, I31
• January 21, 2015

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Interest rates, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments
• January 13, 2015

  Drilling Down - Understanding Oil Prices and Their Economic Impact

  Remarks Timothy Lane Madison International Trade Association (MITA) Madison, Wisconsin

  Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, International topics, Monetary policy, Recent economic and financial developments, Trade integration