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January 18, 2017
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
January 18, 2017
Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. -
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. -
January 9, 2017
Senior Loan Officer Survey - Fourth-Quarter 2016
Survey results suggest that overall business-lending conditions were essentially unchanged during the fourth quarter of 2016. -