April 18, 2017 Embrace automation and manage its side effects, says Senior Deputy Governor Wilkins Media Relations Toronto, Ontario Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today. Content Type(s): Press, Press releases
April 18, 2017 Blame It on the Machines? Remarks Carolyn A. Wilkins Toronto Region Board of Trade Toronto, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses how automation could affect productivity and the Bank’s monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): International topics, Labour markets, Market structure and pricing, Monetary policy transmission, Potential output, Productivity
April 17, 2017 Weekly Financial Statistics - 17 April 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
April 13, 2017 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published yesterday. At the time of our last appearance in October, I spoke about the factors that caused us to downgrade our outlook for […] Content Type(s): Press, Speeches and appearances, Opening statements
April 12, 2017 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published earlier today. When we were last here in October, I spoke about the factors that caused us to downgrade our outlook for the Canadian […] Content Type(s): Press, Speeches and appearances, Opening statements
April 12, 2017 Monetary Policy Report Press Conference Opening Statement Opening statement Carolyn A. Wilkins Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Domestic demand and components, Housing, Monetary policy, Monetary policy and uncertainty, Potential output, Recent economic and financial developments
April 2017 Annual Reassessment of Potential Output Growth in Canada Staff Analytical Note 2017-5 Andrew Agopsowicz, Bassirou Gueye, Natalia Kyui, Youngmin Park, Mohanad Salameh, Ben Tomlin This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020. Content Type(s): Staff research, Staff analytical notes Topic(s): Labour markets, Potential output, Productivity JEL Code(s): E, E0, E00, E2, E22, E23, E24, E3, E37, E6
A Canada-US Comparison of Labour Market Conditions Staff Analytical Note 2017-4 Dany Brouillette, Katerina Gribbin, Justin-Damien Guénette, James Ketcheson, Olena Kostyshyna, Jonathan Lachaine, Colin Scarffe In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment. Content Type(s): Staff research, Staff analytical notes Topic(s): Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, J, J2, J21, J22, J23