June 10, 2021 Going digital has helped the economy through COVID-19 Speech summary Timothy Lane Western Canadian Chapters of Advocis Edmonton, Alberta, Vancouver, British Columbia, Winnipeg, Manitoba Deputy Governor Timothy Lane talks about the Bank’s decision yesterday to leave the policy rate unchanged. He also discusses how adopting digital technologies supported resilience during the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Inflation and prices, Interest rates, Labour markets, Monetary policy, Potential output, Productivity, Recent economic and financial developments
June 10, 2021 CFEC Meeting (June 10, 2021) Conference Call Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
May 31, 2021 Research Update - May 2021 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
May 17, 2021 4th Bank of Canada FSRC Macro-Finance Conference Conference held on May 17 and 18, 2021. Content Type(s): Conferences and workshops
Shaping the future: Policy shocks and the GDP growth distribution Staff Working Paper 2021-24 Francois-Michel Boire, Thibaut Duprey, Alexander Ueberfeldt Can central bank and government policies impact the risks around the outlook for GDP growth? We find that fiscal stimulus makes strong GDP growth more likely—even more so when monetary policy is constrained—rather than weak GDP growth less likely. Thus, fiscal stimulus should accelerate the recovery phase of the COVID-19 pandemic. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Econometric and statistical methods, Financial stability, Fiscal policy, Monetary policy JEL Code(s): C, C3, C32, C5, C53, E, E5, E52, E6, E62
May 21, 2021 Quarterly Financial Report - First Quarter 2021 Quarterly Financial Report - First Quarter 2021 - For the period ended March 31, 2021 Content Type(s): Publications, Quarterly Financial Report
May 25, 2021 CARR Meeting (May 25, 2021) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
May 13, 2021 Including everyone helps all of us Speech summary Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output
COVID-19’s impact on the financial health of Canadian businesses: An initial assessment Staff Analytical Note 2021-8 Timothy Grieder, Mikael Khan, Juan Ortega, Callie Symmers Despite COVID-19 challenges, bold policy measures in Canada have helped businesses manage cash flow pressures and kept insolvency filings low. But the impact of the pandemic has been uneven, and the financial health of some firms may further deteriorate over the next year. Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Credit and credit aggregates, Financial stability, Firm dynamics, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G3, G31, G32, G33, G38
September 1, 2021 Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada’s Balance Sheet The Statement of Policy establishes the policy governing the acquisition and management of financial assets for the Bank’s balance sheet. It does not apply to the assets of the Bank’s pension trust fund or supplementary trust fund.