Posts

• January 21, 2016

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation.

  Content Type(s): Press, Market notices
• January 20, 2016

  Bank of Canada Announces Details of its Term Repo Operations

  The Bank of Canada announced today that it will conduct term repo operations.

  Content Type(s): Press, Market notices
• January 20, 2016

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  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 20, 2016

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases

• Extending the Labour Market Indicator to the Canadian Provinces

  Staff Discussion Paper 2016-2 Alexander Fritsche, Katherine Ragan

  Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, E27, J, J2, J21, J23
• January 20, 2016

  Monetary Policy Report – January 2016

  

  Growth in Canada’s economy is expected to reach 1.4 per cent this year and accelerate to 2.4 per cent in 2017.

  Content Type(s): Publications, Monetary Policy Report

• A New Measure of the Canadian Effective Exchange Rate

  Staff Discussion Paper 2016-1 Russell Barnett, Karyne B. Charbonneau, Guillaume Poulin-Bellisle

  Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, International topics JEL Code(s): F, F1, F3, F31

• The Complex Adjustment of the Canadian Economy to Lower Commodity Prices

  Staff Analytical Note 2016-1 Julien Champagne, Nikita Perevalov, Hope Pioro, Dany Brouillette, Andrew Agopsowicz

  In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Exchange rates, Labour markets, Potential output, Recent economic and financial developments JEL Code(s): E, E1, E17, E2, E27, E5, E52, J, J2, Q, Q0, Q00
• January 15, 2016

  Weekly Financial Statistics - 15 January 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• January 11, 2016

  Business Outlook Survey - Winter 2015-16

  Overall, responses to the winter Business Outlook Survey indicate that business sentiment has deteriorated as the negative effects of the commodity price shock continue to unfold and spread beyond the resource sector. However, exporters not directly affected by lower commodity prices continue to benefit from strong U.S. demand and the weak Canadian dollar.

  Content Type(s): Publications, Business Outlook Survey