Uncategorized

• January 21, 2015

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Inflation and prices, Interest rates, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments
• January 21, 2015

  Bank of Canada lowers overnight rate target to 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

  Content Type(s): Press, Press releases
• January 21, 2015

  Monetary Policy Report – January 2015

  

  Economic growth in Canada is expected to average 2.1 per cent in 2015 and 2.4 per cent in 2016, with a return to full capacity around the end of 2016.

  Content Type(s): Publications, Monetary Policy Report

• Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework

  Staff Discussion Paper 2015-1 Lise Pichette, Pierre St-Amant, Ben Tomlin, Karine Anoma

  Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Economic models, Inflation and prices, Labour markets, Productivity JEL Code(s): E, E0, E3, E31, E5, E52
• January 16, 2015

  Weekly Financial Statistics - 16 January 2015

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• January 13, 2015

  Drilling Down - Understanding Oil Prices and Their Economic Impact

  Remarks Timothy Lane Madison International Trade Association (MITA) Madison, Wisconsin

  Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Inflation and prices, International topics, Monetary policy, Recent economic and financial developments, Trade integration
• January 12, 2015

  Business Outlook Survey - Winter 2014-15

  The winter Business Outlook Survey continues to provide signs of strengthening demand, especially among export-oriented firms and manufacturers. However, the outlook for businesses that are linked directly or indirectly to the energy sector has deteriorated.

  Content Type(s): Publications, Business Outlook Survey
• January 12, 2015

  Senior Loan Officer Survey - Fourth-Quarter 2014

  The survey results point to nearly unchanged business-lending conditions during the fourth quarter of 2014.

  Content Type(s): Publications, Senior Loan Officer Survey
• January 9, 2015

  Weekly Financial Statistics - 9 January 2015

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Immigrants and Mortgage Delinquency in the United States

  Staff Working Paper 2015-1 Zhenguo Lin, Yingchun Liu, Jia Xie

  We investigate the relationship between immigrant status and mortgage delinquency in the United States.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Debt management, Financial stability JEL Code(s): G, G2, G21, J, J1, J15