Posts

• June 30, 2017

  Senior Loan Officer Survey - Second Quarter of 2017

  Survey results for 2017Q2 suggest that overall business-lending conditions were essentially unchanged for the fourth consecutive quarter.

  Content Type(s): Publications, Senior Loan Officer Survey
• June 29, 2017

  Banking and Financial Statistics - June 2017

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• June 28, 2017

  Markets Calling: Intelligence Gathering at the Bank of Canada

  Remarks Lynn Patterson CFA Society Calgary Calgary, Alberta

  Deputy Governor Lynn Patterson discusses how the Bank gathers financial market intelligence and what it is learning.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Credit and credit aggregates, Financial markets, Financial system regulation and policies, Monetary and financial indicators, Recent economic and financial developments
• June 27, 2017

  FSB issues a report on the financial stability implications from FinTech

  This FSB press release announces that a working group chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins published a report analyzing the potential financial stability implications of fintech.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• June 27, 2017

  CFIF Meeting (June 27, 2017)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum

• Understanding Monetary Policy and its Effects: Evidence from Canadian Firms Using the Business Outlook Survey

  Staff Working Paper 2017-24 Matthieu Verstraete, Lena Suchanek

  This paper shows (i) that business sentiment, as captured by survey data, matters for monetary policy decisions in Canada, and (ii) how business perspectives are affected by monetary policy shocks. Measures of business sentiment (soft data) are shown to have systematic explanatory power for monetary policy decisions over and above typical Taylor rule variables.

  Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Interest rates, Monetary policy transmission JEL Code(s): D, D2, D22, E, E4, E44, E5, E52
• June 23, 2017

  Weekly Financial Statistics - 23 June 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• June 20, 2017

  Governor Poloz unveils new Bank of Canada Museum ahead of public opening on July 1, 2017

  Media Relations Ottawa, Ontario

  Governor Stephen S. Poloz today welcomed special guests from the government, business and the tourism sectors for a preview of the Bank of Canada Museum, which is opening soon.

  Content Type(s): Press, Press releases

• Understanding the Cross‐Country Effects of US Technology Shocks

  Staff Working Paper 2017-23 Thuy Lan Nguyen, Wataru Miyamoto

  Business cycles are substantially correlated across countries. Yet most existing models are not able to generate substantial transmission through international trade. We show that the nature of such transmission depends fundamentally on the features determining the responsiveness of labor supply and labor demand to international relative prices.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, International topics JEL Code(s): E, E3, E30, F, F4, F41, F44, F6, F62

• Detecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic Fundamentals

  Staff Working Paper 2017-22 Lorenzo Pozzi, Barbara Sadaba

  This paper presents a new testing method for the scapegoat model of exchange rates that aims to tighten the link between the theory on scapegoats and its empirical implementation. This new testing method consists of a number of steps.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates, International financial markets JEL Code(s): C, C3, C32, F, F3, F31, G, G1, G15