Posts

• March 8, 2018

  Unveiling of New $10 Note

  Remarks Stephen S. Poloz Halifax, Nova Scotia

  Governor Stephen S. Poloz joins Minister Morneau and Wanda Robson at the unveiling of Canada’s new $10 note.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• March 7, 2018

  Bank of Canada maintains overnight rate target at 1 1/4 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases

• Is the Excess Bond Premium a Leading Indicator of Canadian Economic Activity?

  Staff Analytical Note 2018-4 Maxime Leboeuf, Daniel Hyun

  This note investigates whether Canadian corporate spreads and the excess bond premium (EBP) lead Canadian economic activity. Indeed, we find that corporate spreads precede changes in real gross domestic product (GDP) in Canada over the subsequent year. The EBP accounts for most of this property. Further, an unanticipated increase in the Canadian EBP forecasts a deterioration of domestic macroeconomic conditions: a 10-basis-point increase results in a fall in both GDP and consumer price index (CPI) of 0.4 per cent and 0.1 per cent, respectively, over three years.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Financial markets JEL Code(s): E, E3, E32, E4, E44, G, G1, G12
• March 5, 2018

  Inaugural recipients of Master’s Scholarship Award for Women in Economics and Finance announced

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the first ever recipients of its Master’s Scholarship Award for Women in Economics and Finance.

  Content Type(s): Press, Press releases
• March 1, 2018

  Central Bank of the Year Award

  Remarks Stephen S. Poloz Central Banking Awards 2018 London, United Kingdom

  Governor Stephen S. Poloz accepts the Central Bank of the Year award from Central Banking.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 28, 2018

  Research Update - February 2018

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• February 27, 2018

  Summary of Comments – 2018–19 Debt Management Strategy Consultations

  Today, the 2018–19 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Debt Management Strategy for 2018–19.

  Content Type(s): Press, Market notices
• February 27, 2018

  Background information on the bank note legal tender initiative in Budget 2018

  Media Relations Ottawa, Ontario

  The Bank of Canada today published additional information on the federal government’s 2018 budget initiative to seek the authority to remove legal tender status from Canadian bank notes.

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

  Banking and Financial Statistics - February 2018

  Content Type(s): Publications, Historical: Banking and Financial Statistics

• The “Too Big to Fail” Subsidy in Canada: Some Estimates

  Staff Working Paper 2018-9 Patricia Palhau Mora

  Implicit government guarantees of banking-sector liabilities reduce market discipline by private sector stakeholders and temper the risk sensitivity of funding costs. This potentially increases the likelihood of bailouts from taxpayers, especially in the absence of effective resolution frameworks.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G13, G2, G21, G28