February 7, 2024
Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date.
1406
result(s)
February 5, 2024
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.
Market Participants Survey—Fourth Quarter of 2023
Content Type(s):
Publications,
Market Participants Survey
January 24, 2024
Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving persistent. The Bank projects that inflation will stay around 3% through the first half of 2024, returning to target in 2025.
Monetary Policy Report – January 2024
Content Type(s):
Publications,
Monetary Policy Report
January 15, 2024
Mapping out the implications of climate transition risk for the financial system
We develop a new analytical framework to understand the system-wide implications of climate transition risk. When applying this framework to Canadian data, we find that interconnections within the financial sector could amplify the direct effects of climate transition risk on financial entities.
Content Type(s):
Publications,
Financial System Hub articles
Topic(s):
Climate change,
Economic models,
Financial institutions,
Financial markets,
Financial stability
JEL Code(s):
C,
C6,
C63,
G,
G0,
G01,
G1,
G10,
G2,
G20,
Q,
Q5,
Q54
January 15, 2024
Flood risk and residential lending
Craig Johnston,
Geneviève Vallée,
Hossein Hosseini,
Miguel Molico,
Marie-Christine Tremblay,
Aidan Witts
We present key findings of a recent study that evaluates the credit risk that flooding poses to the residential lending activities of Canadian banks and credit unions. Results show that such risk currently appears modest but could become larger with climate change.
Content Type(s):
Publications,
Financial System Hub articles
Topic(s):
Central bank research,
Climate change,
Credit risk management,
Econometric and statistical methods,
Financial institutions,
Financial stability
JEL Code(s):
C,
C8,
C81,
G,
G2,
G21,
Q,
Q5,
Q54
January 15, 2024
Results from the Business Outlook Survey and the Business Leaders’ Pulse show that with high interest rates and soft demand, firms’ sales growth has slowed over the past 12 months. Firms are less optimistic about current business conditions than they were last quarter, but they expect their sales growth to stabilize in the coming year. With competition returning and demand remaining soft, businesses’ pricing behaviour is slowly returning to normal.
Business Outlook Survey—Fourth Quarter of 2023
Content Type(s):
Publications,
Business Outlook Survey
January 15, 2024
Consumers believe inflation has fallen, but their expectations for inflation in the near term are showing little progress in returning to pre-pandemic levels. Slow progress may be due to persistently high inflation expectations for services such as rent. In addition, consumers increasingly think domestic factors, such as high government spending, are supporting high inflation, and they believe these factors will take longer to resolve than global factors. Consumers have adjusted their behaviour in response to prolonged high inflation—more people are paying attention to inflation and changing their spending habits. However, actions that may support inflation, such as seeking wage increases to offset it, are dissipating. The negative effects of high interest rates are broadening, and indicators of household financial stress are deteriorating. Consumers remain uncertain about the economic outlook, and this uncertainty is weighing on their spending plans. Workers think the labour market has weakened slightly. However, expectations for wage growth remain high, supported by cost-of-living adjustments in some workers’ wage contracts.
Canadian Survey of Consumer Expectations—Fourth Quarter of 2023
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
December 21, 2023
When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.
How higher interest rates affect inflation
Content Type(s):
Publications,
The Economy, Plain and Simple
Topic(s):
Inflation and prices,
Inflation targets,
Interest rates,
Monetary policy,
Monetary policy framework,
Monetary policy transmission
December 20, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 6, 2023.
Summary of Governing Council deliberations: Fixed announcement date of December 6, 2023
Content Type(s):
Publications,
Summary of deliberations
November 17, 2023
Quarterly Financial Report - Third Quarter 2023 - For the period ended September 30, 2023
Quarterly Financial Report - Third Quarter 2023
Content Type(s):
Publications,
Quarterly Financial Report