November 3, 2011
Financial Intermediation and Market Dynamics
Conference held on 3 and 4 November 2011 (papers in unedited, electronic format only)
Uncategorized
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November 2, 2011
Opening Statement before the Senate Standing Committee on National Finance
Good evening. Tiff and I are pleased to be here with you today to discuss retail price differentials between Canada and the United States. The mandate of the Bank of Canada is to enhance the well-being of Canadians by contributing to sustained economic growth. The single, most direct contribution that monetary policy can make to […] -
November 2, 2011
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Good afternoon. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published last week. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July MPR have been realized. Volatility has increased and there has been […] -
November 1, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of David T. Beers as Special Adviser to the Governor. Mr. Beers, who is currently Global Head, Sovereign and International Public Finance Ratings at Standard & Poor’s, will serve for an 18-month term, beginning on 1 February 2012. -
November 1, 2011
Opening Statement before the House of Commons Standing Committee on Finance
Good morning. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published last week. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July MPR have been realized. Volatility has increased and there has been […] -
How Do You Pay? The Role of Incentives at the Point-of-Sale
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale. -
October 26, 2011
Monetary Policy Report – October 2011
The Bank projects that the economy will expand by 2.1 per cent in 2011, 1.9 per cent in 2012 and 2.9 per cent in 2013. Total CPI inflation is expected to trough around 1 per cent by the middle of 2012. -
October 26, 2011
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
October 25, 2011
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 19, 2011
Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions
In managing its balance sheet, the Bank of Canada acquires Government of Canada securities to offset its liabilities, which consist mainly of bank notes in circulation and deposits.