Posts
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Is There a Quality Bias in the Canadian CPI? Evidence from Micro Data
Rising consumer prices may reflect shifts by consumers to new higher-priced products, mostly for durable and semi-durable goods. I apply Bils’ (2009) methodology to newly available Canadian consumer price data for non-shelter goods and services to estimate how price increases can be divided between quality growth and price inflation. -
July 23, 2013
Bank of Canada Publishes 2014 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases
The Bank of Canada today published its 2014 schedule of key policy interest rate announcements and quarterly Monetary Policy Report (MPR) releases, and re-confirmed the scheduled announcement dates for the remainder of this year. -
July 22, 2013
Addition of One Primary Dealer for Government of Canada Treasury Bills
The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new primary dealer for Government of Canada treasury bills. -
July 19, 2013
Bank of Canada announces higher target for settlement balances to reinforce the target for the overnight rate
Effective Monday, 22 July 2013, the Bank is increasing the target for the minimum daily level of settlement balances to $250 million, from its current level of $25 million. This measure will remain in effect until further notice. -
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A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market
We examine the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existence of alternative oil-recovery technologies and persistently elevated oil prices that make these technologies commercially viable. -
July 17, 2013
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
July 17, 2013
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.