January 28, 2016 Banking and Financial Statistics - January 2016 Content Type(s): Publications, Historical: Banking and Financial Statistics
January 28, 2016 Change to the Standard Terms for Auctions of Government of Canada Marketable Bonds and Terms and Conditions Governing the Morning Auction of Receiver General Cash Balances The Department of Finance and the Bank of Canada have updated the rule for determining the coupon rates of Government of Canada nominal bonds. Content Type(s): Press, Market notices
A New Measure of the Canadian Effective Exchange Rate Staff Discussion Paper 2016-1 Russell Barnett, Karyne B. Charbonneau, Guillaume Poulin-Bellisle Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness. Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, International topics JEL Code(s): F, F1, F3, F31
January 20, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
October 21, 2015 Monetary Policy Report – October 2015 Canada’s economy is expected to grow by 1.1 per cent this year before accelerating to 2.0 per cent in 2016 and 2.5 per cent in 2017. Content Type(s): Publications, Monetary Policy Report
October 13, 2015 Results of the 28-day 13 October 2015 Term Repo Operation Results of today's term repo operation. Content Type(s): Press, Market notices
October 10, 2015 Bank of Canada Working to Integrate Financial Stability into Monetary Policy, says Governor Poloz Media Relations Lima, Peru The Bank of Canada is taking a risk-management approach to integrating financial stability concerns into monetary policy, Governor Stephen S. Poloz said today. In a speech to the meeting of the Institute of International Finance in Lima, Peru, the Governor said financial stability issues add a new dimension of risk to the many uncertainties that […] Content Type(s): Press, Press releases
September 30, 2015 Preliminary Quarterly Term Repo Schedule As announced today, the Bank of Canada is introducing 1- and 3-month Term Repo operations that will be built up to a target portfolio size of $7 billion to $10 billion over a 6 month implementation period. Below is the preliminary schedule and amounts for the October to December quarter. Content Type(s): Press, Market notices
On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research Staff Discussion Paper 2015-7 Oleksiy Kryvtsov, Miguel Molico, Ben Tomlin Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to use monetary policy to lean against financial risks need to be more fully specified (Côté 2014). Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Monetary policy framework JEL Code(s): E, E0, E4, E44, E5, E52, E58, G, G1, G18
August 31, 2015 Research Update - August 2015 This monthly 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