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ToTEM II: An Updated Version of the Bank of Canada’s Quarterly Projection Model
This report provides a detailed technical description of an updated version of the Terms-of-Trade Economic Model (ToTEM II), which replaced ToTEM (Murchison and Rennison 2006) in June 2011 as the Bank of Canada’s quarterly projection model for Canada. -
October 23, 2013
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
October 23, 2013
Bank of Canada maintains overnight rate target at 1 per cent
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. -
October 23, 2013
Monetary Policy Report – October 2013
The Canadian economy is expected to grow by 1.6 per cent in 2013, 2.3 per cent in 2014 and 2.6 per cent in 2015, and to reach full production capacity around the end of 2015.
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October 9, 2013
Bank of Canada Statement on the Nomination of Janet Yellen as Chairwoman of the Board of Governors of the United States Federal Reserve System
The Bank of Canada welcomes the nomination of Janet Yellen as the new Chairwoman of the Board of Governors of the Federal Reserve System. -
Public/Private Transitions and Firm Financing
A large body of empirical literature investigates differences in financing structures across firms. Private firms’ financing receives little attention due to the lack of data. -
October 1, 2013
Global Growth and the Prospects for Canada’s Exports
Senior Deputy Governor Tiff Macklem discusses global growth and the prospects for Canada’s exports. -
The Safety of Government Debt
We examine the safety of government bonds in the presence of Knightian uncertainty amongst financial market participants. In our model, the information insensitivity of government bonds is driven by strategic complementarities across counterparties and the structure of trading relationships. -
September 30, 2013
Research Update - September 2013
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.