Posts

• April 13, 2011

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 13, 2011

  Monetary Policy Report – April 2011

  

  This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 8 April 2011.

  Content Type(s): Publications, Monetary Policy Report
• April 12, 2011

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases

• Mixed Frequency Forecasts for Chinese GDP

  Staff Working Paper 2011-11 Philipp Maier

  We evaluate different approaches for using monthly indicators to predict Chinese GDP for the current and the next quarter (‘nowcasts’ and ‘forecasts’, respectively). We use three types of mixed-frequency models, one based on an economic activity indicator (Liu et al., 2007), one based on averaging over indicator models (Stock and Watson, 2004), and a static factor model (Stock and Watson, 2002).

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C50, C53, E, E3, E37, E4, E47
• April 4, 2011

  Senior Loan Officer Survey - First-Quarter 2011

  The survey results point to an overall net easing in business-lending conditions. Both the price and non-price aspects of business lending eased during the first quarter. Note that the balance of opinion indicates only the direction of the change in lending conditions; it does not provide information on the magnitude of the change.

  Content Type(s): Publications, Senior Loan Officer Survey
• April 4, 2011

  Business Outlook Survey - Spring 2011

  Businesses remain positive about the economic outlook, although some forward-looking indicators have eased from the levels recorded in recent surveys, and the strength in commodity prices has raised expectations for costs and inflation.

  Erratum: Please note that the legend for Chart 9 (French version only) should read as follows: au-dessus de 3 % , rather than au-dessous de 3 %

  Content Type(s): Publications, Business Outlook Survey