Posts
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January 20, 2016
Monetary Policy Report – January 2016
Growth in Canada’s economy is expected to reach 1.4 per cent this year and accelerate to 2.4 per cent in 2017. -
A New Measure of the Canadian Effective Exchange Rate
Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness. -
The Complex Adjustment of the Canadian Economy to Lower Commodity Prices
In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade. -
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January 11, 2016
Business Outlook Survey - Winter 2015-16
Overall, responses to the winter Business Outlook Survey indicate that business sentiment has deteriorated as the negative effects of the commodity price shock continue to unfold and spread beyond the resource sector. However, exporters not directly affected by lower commodity prices continue to benefit from strong U.S. demand and the weak Canadian dollar. -
January 11, 2016
Senior Loan Officer Survey - Fourth-Quarter 2015
The survey results suggest that overall business-lending conditions tightened slightly during the fourth quarter of 2015. -
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January 8, 2016
Governor Stephen S. Poloz appointed Chair of the BIS Consultative Council for the Americas
The Board of Directors of the Bank for International Settlements (BIS) has appointed , Governor of the Bank of Canada, as Chair of the BIS Consultative Council for the Americas (CCA). The appointment is for a term of two years, effective 9 January 2016. The announcement is available on the BIS website. For more information, […] -
January 7, 2016
Life After Liftoff: Divergence and U.S. Monetary Policy Normalization
Governor Poloz talks about the global commodity price shock and how it is leading to economic and financial divergence.