January 31, 2017
Staff research, Publications
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Repo Market Functioning when the Interest Rate Is Low or Negative
This paper investigates how a low or negative overnight interest rate might affect the Canadian repo markets. The main conclusion is that the repo market for general collateral will continue to function effectively. -
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Global Real Activity for Canadian Exports: GRACE
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. -
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. -
An Improved Equation for Predicting Canadian Non-Commodity Exports
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. -
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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.