January 23, 2013 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
January 23, 2013 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario 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. Content Type(s): Press, Press releases
January 23, 2013 Monetary Policy Report – January 2013 Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report. Content Type(s): Publications, Monetary Policy Report
January 18, 2013 Weekly Financial Statistics - 18 January 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
January 17, 2013 Bank of Canada Announces Change in Receiver General Cash Balances Auction Timeline The Bank of Canada announced today that as a result of the change in the publication time of policy interest rate announcements to 10:00 ET , that effective 23 January 2013, the Government of Canada bidding deadline for Receiver General Cash Balance auctions will be 10:15 ET on policy rate announcement dates. Content Type(s): Press, Market notices
January 14, 2013 Senior Loan Officer Survey - Fourth-Quarter 2012 The survey results indicate that there was virtually no change in overall business-lending conditions during the fourth quarter of 2012, following several consecutive quarters of easing in credit conditions. Content Type(s): Publications, Senior Loan Officer Survey
January 14, 2013 Business Outlook Survey - Winter 2012-13 While some forward-looking indicators have moved up, many firms cited concerns about demand over next year and pressures from increased competition. Content Type(s): Publications, Business Outlook Survey
January 11, 2013 Weekly Financial Statistics - 11 January 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
January 10, 2013 Regearing Our Economic Growth Remarks Tiff Macklem Queen’s University - W. Edmund Clark Distinguished Lecture Kingston, Ontario Senior Deputy Governor Tiff Macklem discusses regearing the Canadian economy for sustained growth. Content Type(s): Press, Speeches and appearances, Remarks
Real-financial Linkages through Loan Default and Bank Capital Staff Working Paper 2013-3 Tamon Takamura Many studies in macroeconomics argue that financial frictions do not amplify the impacts of real shocks. This finding is based on models without endogenous default on loans and bank capital. Using a model featuring endogenous interactions between firm default and bank capital, this paper revisits the propagation mechanisms of real and financial shocks. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies, Interest rates JEL Code(s): E, E3, E32, E4, E44, E6, E69