Posts

• July 10, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.

  Content Type(s): Press, Press releases
• July 10, 2019

  Monetary Policy Report – July 2019

  

  The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.

  Content Type(s): Publications, Monetary Policy Report

• The Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios

  Staff Analytical Note 2019-20 Karyne B. Charbonneau

  This note uses Charbonneau and Landry’s (2018) framework to assess the direct impact of the current trade tensions on the Canadian and global economies, as well as possible implications if the conflict escalates further. Overall, my findings show that the estimated impact of current tariffs on real gross domestic product (GDP) remains relatively small, which is in line with the literature on gains from trade, but the impact on trade is much larger.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Recent economic and financial developments, Trade integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68
• June 30, 2019

  Research Update - June 2019

  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.

  Content Type(s): Staff research, Research newsletters
• June 28, 2019

  Business Outlook Survey—Summer 2019

  Results from the summer Business Outlook Survey point to a slight improvement in business sentiment after a moderation in the previous survey. Investment and hiring intentions continue to be healthy.

  Content Type(s): Publications, Business Outlook Survey
• June 28, 2019

  Senior Loan Officer Survey—Second Quarter of 2019

  For household lending, mortgage conditions eased, while non-mortgage lending conditions remained unchanged. Overall business lending conditions eased slightly, driven mainly by small and commercial businesses outside the Prairies as well as corporates.

  Content Type(s): Publications, Senior Loan Officer Survey
• June 27, 2019

  Bank of Canada announces partnership to improve resilience in financial sector

  Media Relations Ottawa, Ontario

  The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021.

  Content Type(s): Press, Press releases Source(s): Canadian Financial Sector Resiliency Group
• June 25, 2019

  The Tenth International Workshop on Theoretical and Experimental Macroeconomics

  Macroeconomic theories have traditionally been tested using non‐experimental data from the field. However, modern, micro‐based macroeconomic models can also be tested in the laboratory, which affords better causal inference, and researchers have begun to pursue such experimental tests.

  Content Type(s): Conferences and workshops
• June 24, 2019

  CARR Meeting (June 24, 2019)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Systemic Risk and Collateral Adequacy

  Staff Working Paper 2019-23 Radoslav Raykov

  Many derivatives markets use collateral requirements calculated with industry-standard but dated methods that are not designed with systemic risk in mind. This paper explores whether the conservative nature of conventional collateral requirements outweighs their lack of consideration of systemic risk.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets JEL Code(s): G, G1, G10, G2, G20