Recent economic and financial developments

• October 16, 2018

  Navigating digital disruption and the economy

  

  Eric Santor

  Technology can enhance efficiency and help create new jobs, but challenges like automation's impact on employment also need careful consideration and proactive solutions.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Central bank research, Digital currencies and fintech, Digitalization, Economic models, Labour markets, Market structure and pricing, Productivity, Recent economic and financial developments, Service sector

• Disaggregating Household Sensitivity to Monetary Policy by Expenditure Category

  Staff Analytical Note 2018-32 Tony Chernis, Corinne Luu

  Because the Bank of Canada has started withdrawing monetary stimulus, monitoring the transmission of these changes to monetary policy will be important. Subcomponents of consumption and housing will likely respond differently to a monetary policy tightening, both in terms of the aggregate effect and timing.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Domestic demand and components, Econometric and statistical methods, Housing, Interest rates, Monetary policy transmission, Recent economic and financial developments JEL Code(s): C, C3, C32, E, E2, E21, E22, E4, E43, E47, E5, E52
• September 28, 2018

  The benefits of freer trade

  

  Stephen Murchison, Alex Chernoff

  Freer trade lowers prices and boosts economies, yet not everyone benefits equally. Fair policies are essential for balanced growth and widespread prosperity.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Balance of payments and components, Development economics, International topics, Recent economic and financial developments, Trade integration
• September 28, 2018

  Welcome to The Economy, Plain and Simple

  

  Donald Coletti

  The economy starts with you.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Credibility, Monetary policy communications, Recent economic and financial developments
• September 6, 2018

  An Update on Canada’s Economic Resilience

  Remarks Carolyn A. Wilkins Saskatchewan Trade & Export Partnership Regina, Saskatchewan

  Senior Deputy Governor Wilkins discusses economic developments since the July Monetary Policy Report and Governing Council’s deliberations leading to yesterday’s policy rate decision.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Economic models, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration

• Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios

  Staff Analytical Note 2018-29 Karyne B. Charbonneau, Anthony Landry

  We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Recent economic and financial developments, Trade integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68

• Weakness in Non-Commodity Exports: Demand versus Supply Factors

  Staff Analytical Note 2018-28 José Dorich, Vadym Lepetyuk, Jonathan Swarbrick

  We use the Terms-of-Trade Economic Model (ToTEM) to conduct demand- and supply-driven simulations, both of which deliver weakness in Canadian non-commodity exports relative to foreign activity in line with recent data.

  Content Type(s): Staff research, Staff analytical notes Topic(s): International topics, Monetary policy, Recent economic and financial developments, Trade integration JEL Code(s): E, E5, E52, F, F1, F10, F14, F17

• What Is Restraining Non-Energy Export Growth?

  Staff Analytical Note 2018-25 Dany Brouillette, José Dorich, Chris D'Souza, Adrienne Gagnon, Claudia Godbout

  This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses.

  Content Type(s): Staff research, Staff analytical notes Topic(s): International topics, Monetary policy, Recent economic and financial developments, Trade integration JEL Code(s): E, E5, E52, F, F1, F10, F14, F17
• June 27, 2018

  Let Me Be Clear: From Transparency to Trust and Understanding

  Remarks Stephen S. Poloz Greater Victoria Chamber of Commerce Victoria, British Columbia

  Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Financial markets, Inflation targets, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• June 7, 2018

  The Bank of Canada’s Financial System Survey

  Financial System Review - June 2018 Guillaume Bédard-Pagé, Ian Christensen, Scott Kinnear, Maxime Leboeuf

  This report presents the details of a new semi-annual survey that will improve the Bank of Canada’s surveillance across the financial system and deepen efforts to engage with financial system participants. The survey collects expert opinions on the risks to and resilience of the Canadian financial system as well as on emerging trends and financial innovations. The report presents an overview of the survey and provides high-level results from the spring 2018 survey.

  Content Type(s): Publications, Financial System Review articles Topic(s): Financial institutions, Financial markets, Financial services, Financial stability, Financial system regulation and policies, Recent economic and financial developments JEL Code(s): C, C8, C83, G, G1, G11, G18, G2, G28, G3, G32