News

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.

Stephen S. Poloz, Governor of the Bank of Canada, has authored a discussion paper entitled “Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective.” The paper explains how central bankers are supplementing economic models and adopting a risk-management approach to integrate uncertainty in their policy decisions.

The autumn Business Outlook Survey shows that businesses, mainly exporters, see signs of modestly firmer demand. However, this has not led to a notable strengthening in investment intentions for the next 12 months.

The survey results point to a further easing in business-lending conditions during the third quarter of 2014. The net easing was seen in the price conditions of business lending, while overall non-price conditions were almost unchanged.

The Bank of Canada announced that it is inviting Canadians to comment on the principles that guide the design of the country’s bank notes.