Posts

• May 31, 2018

  Banking and Financial Statistics - May 2018

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• May 31, 2018

  A Progress Report on the Economy

  Remarks Sylvain Leduc Association des économistes québécois and CFA Québec Québec, Québec

  Deputy Governor Sylvain Leduc discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their May 30 decision.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• May 31, 2018

  Research Update - May 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

• Noisy Monetary Policy

  Staff Working Paper 2018-23 Tatjana Dahlhaus, Luca Gambetti

  We introduce limited information in monetary policy. Agents receive signals from the central bank revealing new information (“news") about the future evolution of the policy rate before changes in the rate actually take place. However, the signal is disturbed by noise.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Financial markets, Monetary policy implementation, Monetary policy transmission JEL Code(s): C, C1, C18, C3, C32, E, E0, E02, E4, E43, E5, E52

• Applying the Wage-Common to Canadian Provinces

  Staff Analytical Note 2018-16 Jonathan Lachaine

  As at the national level, available sources of hourly wage data for Canadian provinces sometimes send conflicting signals about wage growth. This note has two objectives. First, we develop a common measure of provincial wages (the provincial wage-common) to better capture the underlying wage pressures, reflecting the overall trend across all data sources.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Labour markets, Recent economic and financial developments JEL Code(s): C, C3, C38, J, J3

• Bending the Curves: Wages and Inflation

  Staff Analytical Note 2018-15 Dany Brouillette, Madigan Dockrill, Helen Lao, Laurence Savoie-Chabot

  As economic slack continues to be absorbed and the labour market tightens, wage growth and inflation could increase faster than expected, which would suggest convexity in their Phillips curves. This note investigates whether there is convexity in the Phillips curves for Canadian wage growth and inflation by testing different empirical approaches over the post-inflation-targeting period.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Inflation and prices, Labour markets JEL Code(s): E, E2, E24, E3, E31, J, J3
• May 30, 2018

  Quarterly Financial Report - First Quarter 2018

  Quarterly Financial Report - First Quarter 2018 - For the period ended March 31, 2018

  Content Type(s): Publications, Quarterly Financial Report
• May 30, 2018

  Bank of Canada maintains overnight rate target at 1¼ per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent.

  Content Type(s): Press, Press releases
• May 28, 2018

  CARR Meeting (May 28, 2018)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• May 28, 2018

  Bank of Canada to participate in Doors Open Ottawa 2018

  On Saturday, June 2, we invite the public to join us at the Bank of Canada’s headquarters on Wellington Street for Doors Open Ottawa 2018.

  Content Type(s): Press, Announcements