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9113 Results

October 9, 2015

Business Outlook Survey - Autumn 2015

The autumn Business Outlook Survey shows that firms’ expectations continue to diverge as they gradually adjust to an environment of weaker commodity prices and a lower Canadian dollar. The overall sales and investment outlook improved, owing in part to continued support from U.S. demand. However, business sentiment remains weak for firms directly and indirectly tied to the resource sector.

Sylvain Chalut

Sylvain Chalut was appointed Managing Director and Chief Information Officer of the Bank’s Information Technology Services (ITS) Department in September 2011. He is responsible for leading the Bank’s IT strategy and positioning its architecture and systems to respond to evolving business needs.

The Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues

Staff Discussion Paper 2015-8 Oleksiy Kryvtsov, Rhys R. Mendes
Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that the benefits associated with a target below 2 per cent were insufficient to justify the increased risk of being constrained by the zero lower bound (ZLB) on nominal interest rates.
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