Posts

• April 15, 2019

  Business Outlook Survey—Spring 2019

  Results from the spring Business Outlook Survey point to a moderation from previously high levels of domestic and foreign demand for firms in most regions. Investment and employment intentions remain positive.

  Content Type(s): Publications, Business Outlook Survey
• April 15, 2019

  Senior Loan Officer Survey—First Quarter of 2019

  Overall household lending conditions were once again unchanged this quarter. Although business lending conditions were unchanged overall, some marginal price easing was driven by corporate lending conditions.

  Content Type(s): Publications, Senior Loan Officer Survey

• Could Canadian Bond Funds Add Stress to the Financial System?

  Staff Analytical Note 2019-9 Rohan Arora, Guillaume Bédard-Pagé, Guillaume Ouellet Leblanc, Ryan Shotlander

  We create a hypothetical scenario to study the role bond funds play in intensifying shocks to the financial system. Using data from 2018 and 2007, we find that bond funds play a larger role now than they did in the past.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Financial markets, Financial stability JEL Code(s): G, G1, G2, G20, G23

• Labor Mobility in a Monetary Union

  Staff Working Paper 2019-15 Daniela Hauser, Martin Seneca

  The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Labour markets, Monetary policy framework, Regional economic developments JEL Code(s): E, E3, E32, E5, E52, F, F4

• Bond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach

  Technical Report No. 115 Rohan Arora, Guillaume Bédard-Pagé, Guillaume Ouellet Leblanc, Ryan Shotlander

  This report provides a detailed technical description of a stress test model for investment funds called Ceto.

  Content Type(s): Staff research, Technical reports Topic(s): Economic models, Financial institutions, Financial markets, Financial stability JEL Code(s): G, G1, G12, G14, G2, G20, G23

• Firm-level Investment Under Imperfect Capital Markets in Ukraine

  Staff Working Paper 2019-14 Oleksandr Shcherbakov

  This paper develops and estimates a model of firm-level fixed capital investment when firms face borrowing constraints.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Economic models, Firm dynamics JEL Code(s): C, C6, C61, C63, D, D2, D24, G, G3, G31
• April 9, 2019

  CFIF Meeting (April 9, 2019)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• April 8, 2019

  Why Do Central Banks Care About Market Power?

  Presentation Carolyn A. Wilkins G7 conference hosted by Banque de France Paris, France

  Senior Deputy Governor Carolyn A. Wilkins discusses how the competitive landscape and digitalization affect monetary policy and why central banks care about market power.

  Content Type(s): Press, Speeches and appearances, Presentations Topic(s): Firm dynamics, Inflation and prices, Labour markets, Market structure and pricing, Monetary policy transmission, Potential output, Productivity, Service sector
• April 4, 2019

  The Bank of Canada releases its Annual Report for 2018

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2018 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• April 4, 2019

  Annual Report 2018

  

  The Annual Report outlines the Bank’s activities and achievements in 2018. It includes the financial statements and a message from Governor Stephen S. Poloz.

  Content Type(s): Publications, Annual Report