Posts

• March 26, 2018

  Annual Report 2017

  

  The Annual Report outlines the Bank’s activities and achievements in 2017. It includes the financial statements and a message from Governor Stephen S. Poloz.

  Content Type(s): Publications, Annual Report
• March 26, 2018

  CARR Meeting (March 26, 2018)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• March 26, 2018

  The Bank of Canada releases its Annual Report for 2017

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2017 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• March 23, 2018

  Bank of Canada announces recipients of 2018 Fellowship and Governor’s awards

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce that Stephen D. Williamson of Western University and Peter F. Christoffersen of the University of Toronto are the 2018 recipients of the Bank’s Fellowship Award.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 22, 2018

  Financial system safer, but job not done, says Senior Deputy Governor Wilkins

  Media Relations Toronto, Ontario

  While much has been accomplished to make the financial system more resilient, the job is not done, Senior Deputy Governor Carolyn A. Wilkins told the audience today at a conference on lessons from the crisis at the University of Toronto’s Rotman School of Management. “We have accomplished much over the past decade, and we are […]

  Content Type(s): Press, Press releases
• March 22, 2018

  Financial Stability: Taking Care of Unfinished Business

  Remarks Carolyn A. Wilkins Rotman School of Management conference Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses three areas in which work remains to be done to improve financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credit and credit aggregates, Digital currencies and fintech, Financial stability, Financial system regulation and policies, Monetary policy framework, Recent economic and financial developments
• March 22, 2018

  Bank of Canada Announces Lower Target for Settlement Balances to Reinforce the Target for the Overnight Rate

  Effective Thursday, 22 March 2018, the Bank is reducing the target for the minimum daily level of settlement balances to $250 million, from its current level of $500 million.

  Content Type(s): Press, Market notices
• March 21, 2018

  Bank of Canada announces creation of working group to develop new term risk-free interest rate benchmark

  The Bank of Canada today announced the creation of the Canadian Alternative Reference Rate Working Group (CARR), sponsored by the Canadian Fixed-Income Forum (CFIF), to identify and seek to develop a new term risk-free Canadian dollar interest rate benchmark.

  Content Type(s): Press, Market notices

• State Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models

  Staff Working Paper 2018-14 Luis Uzeda

  Implications for signal extraction from specifying unobserved components (UC) models with correlated or orthogonal innovations have been well investigated. In contrast, the forecasting implications of specifying UC models with different state correlation structures are less well understood.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C11, C15, C5, C51, C53

• Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey

  Staff Working Paper 2018-13 Patrick Alexander, Louis Poirier

  The impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014–2015 negative oil price shock using representative survey data from the Consumer Expenditure Survey.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Domestic demand and components, Recent economic and financial developments JEL Code(s): D, D1, D12, E, E2, E21, Q, Q4, Q43