Uncategorized

• October 24, 2014

  Notice: Senate Committee Appearance Rescheduled

  Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins will appear before the Senate Standing Committee on Banking, Trade and Commerce on Wednesday, 29 October 2014 at 16:15 (ET).

  Content Type(s): Press, Announcements
• October 24, 2014

  Weekly Financial Statistics - 24 October 2014

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

• Are There Gains from Pooling Real-Time Oil Price Forecasts?

  Staff Working Paper 2014-46 Christiane Baumeister, Lutz Kilian, Thomas K. Lee

  The answer as to whether there are gains from pooling real-time oil price forecasts depends on the objective. The approach of combining five of the leading forecasting models with equal weights dominates the strategy of selecting one model and using it for all horizons up to two years.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, Q, Q4, Q43

• On the Importance of Sales for Aggregate Price Flexibility

  Staff Working Paper 2014-45 Oleksiy Kryvtsov, Nicolas Vincent

  Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Inflation and prices, Market structure and pricing, Monetary policy transmission JEL Code(s): E, E3, E31, E32, E5, E52, L, L1, L11, L2, L25, L8, L81, M, M3, M31
• October 22, 2014

  Notice: Senate committee appearance cancelled

  Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins will not appear on Thursday before the Senate Committee on Banking, Trade and Commerce, as previously scheduled.

  Content Type(s): Press, Announcements
• October 22, 2014

  Notice: Parliamentary Appearance Cancelled

  Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins will not appear today before the House of Commons Standing Committee on Finance, as previously scheduled.

  Content Type(s): Press, Announcements
• October 22, 2014

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Opening statement of Press conference that was to follow the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 22, 2014

  Notice: Press Conference Cancelled

  In light of this morning’s incident in downtown Ottawa, the Bank of Canada is cancelling its press conference on the October Monetary Policy Report. The Governor’s Opening Statement will be published on the Bank’s website at 11:15 AM today. We will provide more details as soon as they become available.

  Content Type(s): Press, Announcements
• October 22, 2014

  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
• October 22, 2014

  Monetary Policy Report – October 2014

  

  Real GDP growth is projected to average around 2 1/2 per cent over the next year before slowing to around 2 per cent in 2016.

  Content Type(s): Publications, Monetary Policy Report