July 11, 2018 Monetary Policy Report Press Conference Opening Statement Opening statement Stephen S. Poloz, Carolyn A. Wilkins Ottawa, Ontario Governor Stephen S. Poloz 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
The Neutral Rate in Canada: 2018 Estimates Staff Analytical Note 2018-22 Xin Scott Chen, José Dorich The neutral nominal policy rate serves as a benchmark for assessing the degree of monetary stimulus and provides a medium- to long-run anchor for the policy rate. Since quantitative measures of the neutral rate are subject to considerable uncertainty, Bank staff rely on four different approaches to estimate the Canadian neutral rate. Content Type(s): Staff research, Staff analytical notes Topic(s): Economic models, Interest rates, Monetary policy JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41
Readability and the Bank of Canada Staff Analytical Note 2018-20 Alexandre Deslongchamps In this note, I assess the readability of Bank of Canada publications using a formula commonly used for this type of evaluation. I find that Bank publications are more difficult to read than the media articles and other content our target audiences likely consume. This suggests that more simple writing can help the Bank better meet its communication objectives. Content Type(s): Staff research, Staff analytical notes Topic(s): Credibility, Monetary policy communications JEL Code(s): D, D8, D83
June 25, 2018 CARR Meeting (June 25, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
December 21, 2018 Senior Loan Officer Survey—Fourth Quarter of 2018 Overall household lending conditions were unchanged this quarter, although mortgage approval rates were lower. More widespread easing of business lending conditions continues to be driven by competition for corporate borrowers. Content Type(s): Publications, Senior Loan Officer Survey
Fundamental Drivers of Existing Home Sales in Canada Staff Discussion Paper 2018-16 Taylor Webley Existing home sales’ share of Canada’s economic pie has been rising in recent years, and variation around this trend has resulted in outsized contributions to changes in real gross domestic product (GDP). In this context, we use a cointegration framework to estimate the level of resale activity across the Canadian provinces that is supported by fundamentals—namely, full-time employment, housing affordability and migration flows—to help look through the volatility. Content Type(s): Staff research, Staff discussion papers Topic(s): Econometric and statistical methods, Economic models, Housing JEL Code(s): C, C2, C22, C23, E, E2, E27, R, R2, R21
December 4, 2018 Bank of Canada Announces Deputy Governor Appointment Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada today announced the appointment of Paul Beaudry as Deputy Governor, effective February 18, 2019. Content Type(s): Press, Press releases
November 29, 2018 New exhibition on Viola Desmond opens at Bank of Canada Museum Media Relations Ottawa, Ontario The Bank of Canada Museum is inviting Canadians of all ages to visit the new exhibition A Noteworthy Woman, which depicts the life of Viola Desmond, an icon of the human rights and social justice movement in Canada and the first Canadian woman to appear on a regular bank note. Content Type(s): Press, Press releases
November 26, 2018 Bank of Canada announces finalists for the fourth annual Governor’s Challenge Media Relations Ottawa, Ontario The Bank of Canada today announced the five finalist teams in the 2018–19 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
November 19, 2018 New vertical $10 bank note featuring iconic Canadian Viola Desmond now in circulation Media Relations Winnipeg, Manitoba The Bank of Canada today issued the new vertical $10 bank note featuring the portrait of social justice icon Viola Desmond, during a ceremony at the Canadian Museum for Human Rights (CMHR) in Winnipeg. Content Type(s): Press, Press releases Topic(s): Bank notes