Posts
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October 18, 2021
Business Outlook Survey―Third Quarter of 2021
Firms anticipate stronger demand as pandemic conditions improve, according to results from the Business Outlook Survey in the third quarter of 2021. However, many businesses face supply constraints that will limit their sales and put upward pressure on their costs. Together, these demand pressures and supply challenges are driving widespread plans to invest, hire staff and increase prices. -
October 18, 2021
Canadian Survey of Consumer Expectations—Third Quarter of 2021
This survey took place in the third quarter of 2021, after most Canadians had been fully vaccinated against COVID-19 and as the Delta variant was beginning to spread more broadly in Canada. Results suggest that consumers plan to increase their spending significantly but remain cautious because of the Delta variant. Canadians think inflation will be higher in the near term due to supply disruptions, but they do not expect this situation to last. Although expectations for labour market conditions improved again, visible minorities, Indigenous people and people with disabilities are showing signs of vulnerabilities. Canadians are not expecting significant wage gains despite recent improvements in the labour market and perceptions of higher inflation. -
October 18, 2021
RPAC Meeting (October 18 and 20, 2021)
Topics: Registration process, record keeping, annual reporting and information requests -
The impact of the Bank of Canada’s Government Bond Purchase Program
We assess the response of Government of Canada bond yields to the Bank of Canada’s initial announcement of the Government Bond Purchase Program (GBPP) as well as to the Bank’s later GBPP purchase operations. -
October 13, 2021
Climate change and the Bank of Canada
We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. -
Systemic Risk and Portfolio Diversification: Evidence from the Futures Market
This paper explores how the Canadian futures market contributed to banks’ systemic risk during the 2008 financial crisis. It finds that core banks as a whole traded against the periphery, in this way increasing their risk of simultaneous losses. -
Job Applications and Labour Market Flows
Although the number of job applications has risen, job-finding rates remain relatively unchanged while job-separation rates have significantly declined. Rather than raising the probability of finding a job, we find that a rise in applications raises the probability of finding a good match, as evidenced by the decline in separation rates. -
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October 7, 2021
The long and short of it: A balanced vision for the international monetary and financial system
Governor Tiff Macklem advocates for global coordination to strengthen the international monetary and financial system.