July 12, 2023 Monetary Policy Report – July 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. Content Type(s): Publications, Monetary Policy Report
July 12, 2023 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, July 12, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories
June 30, 2023 Exploring global value and supply chains Patrick Alexander, Chris D'Souza, Yuko Imura, Lena Suchanek The things we buy come out of complex production chains that span the globe. Understanding these connections is crucial for today's economies. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Trade integration
June 30, 2023 Canada’s regional economies David Amirault, Matthieu Verstraete, Sarah Miller Strength from diversity Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Labour markets, Regional economic developments, Trade integration
June 30, 2023 Quarterly Research Update – 2023 Q2 This newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
June 30, 2023 CARR releases its recommendations for legacy securities tied to CDOR Today, the Canadian Alternative Reference Rate working group (CARR) published its paper on legacy securities linked to CDOR (i.e. securities referencing CDOR that mature after CDOR’s cessation). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
Global Demand and Supply Sentiment: Evidence from Earnings Calls Staff Working Paper 2023-37 Temel Taskin, Franz Ulrich Ruch This paper quantifies global demand, supply and uncertainty shocks and compares two major global recessions: the 2008–09 Great Recession and the COVID-19 pandemic. We use two alternate approaches to decompose economic shocks: text mining techniques on earnings calls transcripts and a structural Bayesian vector autoregression model. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Econometric and statistical methods, Inflation and prices, International topics JEL Code(s): C, C1, C11, C3, C32, E, E3, E32, G, G1, G10
June 30, 2023 The Bank of Canada releases the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations On Friday, June 30, 2023, the Bank of Canada will release the second quarter issue of the Business Outlook Survey and the Canadian Survey of Consumer Expectations. Content Type(s): Press, Media advisories