Posts

• January 18, 2017

  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

• Global Real Activity for Canadian Exports: GRACE

  Staff Discussion Paper 2017-2 André Binette, Tony Chernis, Daniel de Munnik

  Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Econometric and statistical methods, Exchange rates JEL Code(s): F, F1, F10, F14, F4, F43
• January 18, 2017

  Monetary Policy Report – January 2017

  

  The Canadian economy is expected to expand by 2.1 per cent this year and in 2018.

  Content Type(s): Publications, Monetary Policy Report

• An Improved Equation for Predicting Canadian Non-Commodity Exports

  Staff Discussion Paper 2017-1 Patrick Alexander, Jean-Philippe Cayen, Alex Proulx

  We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Exchange rates, International topics JEL Code(s): F, F1, F10, F14, F17
• January 13, 2017

  Weekly Financial Statistics - 13 January 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• January 9, 2017

  Business Outlook Survey - Winter 2016-17

  The results of the winter Business Outlook Survey indicate that business prospects have improved following two years of overall modest activity. The responses reflect building domestic demand, a supportive export outlook and an expected recovery in energy-related activity.

  Content Type(s): Publications, Business Outlook Survey
• January 9, 2017

  Senior Loan Officer Survey - Fourth-Quarter 2016

  Survey results suggest that overall business-lending conditions were essentially unchanged during the fourth quarter of 2016.

  Content Type(s): Publications, Senior Loan Officer Survey
• January 6, 2017

  Weekly Financial Statistics - 6 January 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Terms-of-Trade and House Price Fluctuations: A Cross-Country Study

  Staff Working Paper 2017-1 Paul Corrigan

  Terms-of-trade shocks are known to be key drivers of business cycles in open economies. This paper argues that terms-of-trade shocks were also important for house price fluctuations in a panel of developed countries over the 1994–2015 period.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Housing, International topics JEL Code(s): C, C3, C32, E, E3, E32, E5, E51, F, F3, F36, F4, F41
• January 5, 2017

  Pilot – Government of Canada Cash Management Bond Buyback Program

  The Bank of Canada and the Department of Finance are announcing today a pilot for the Government of Canada Cash Management Bond Buyback program that will increase flexibility in the maximum repurchase amount at each operation.

  Content Type(s): Press, Market notices