Posts
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January 26, 2017
Bank of Canada Directors - Appointment Opportunities
The Government of Canada is currently seeking applications from Canadians interested in the position of Director, Bank of Canada. For more information, please see the Governor in Council Appointments website.
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Repo Market Functioning when the Interest Rate Is Low or Negative
This paper investigates how a low or negative overnight interest rate might affect the Canadian repo markets. The main conclusion is that the repo market for general collateral will continue to function effectively. -
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January 18, 2017
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
January 18, 2017
Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. -
Global Real Activity for Canadian Exports: GRACE
Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative. -
January 18, 2017
Monetary Policy Report – January 2017
The Canadian economy is expected to expand by 2.1 per cent this year and in 2018. -
An Improved Equation for Predicting Canadian Non-Commodity Exports
We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada.