April 12, 2017 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
What Explains the Recent Increase in Canadian Corporate Bond Spreads Staff Analytical Note 2017-2 Maxime Leboeuf, James Pinnington The spread between the yield of a corporate bond and the yield of a similar Government of Canada bond reflects compensation for possible default by the issuing firm and compensation for additional risks beyond default. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial markets JEL Code(s): G, G1, G12
October 29, 2017 Government of Canada direct securities and loans: Classified by remaining term to maturity and type of asset (formerly G6) Month-end data on unmatured direct securities (excluding non-marketable securities) and non-marketable securities by the type of assets and by their remaining term to maturity. Content Type(s): Banking and financial statistics
October 25, 2017 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
Alternative Scenario to the October 2017 MPR Base-Case Projection: Higher Potential Growth Staff Analytical Note 2017-18 Jing Yang, Ben Tomlin, Olivier Gervais We construct an alternative scenario in which trend labour input and business investment are stronger than that expected in the Bank of Canada’s base-case projection in the October 2017 Monetary Policy Report. Content Type(s): Staff research, Staff analytical notes Topic(s): Inflation and prices, Monetary policy, Potential output JEL Code(s): E, E2, E22, E24, E27, E5
Low Inflation in Advanced Economies: Facts and Drivers Staff Analytical Note 2017-16 Sanjana Bhatnagar, Anne-Katherine Cormier, Patrisha de Leon-Manlagnit, Elise Martin, Vikram Rai, Renaud St-Cyr, Subrata Sarker, Kristina Hess Since the global financial crisis, core inflation has been persistently below target in most advanced economies. Recently, it has weakened further in several advanced economies despite gradually diminishing slack. This note reviews recent developments in core inflation across advanced economies and identifies distinctive patterns across regions. Content Type(s): Staff research, Staff analytical notes Topic(s): Inflation and prices, International topics JEL Code(s): E, E0, E3, E31, F, F0
October 16, 2017 Senior Loan Officer Survey - Third Quarter of 2017 Survey results point to nearly unchanged overall business-lending conditions in the third quarter. This is the fifth consecutive quarter of unchanged overall conditions. Content Type(s): Publications, Senior Loan Officer Survey
October 12, 2017 Historical strip bond trading and repos by type of security (formerly F14) Inactive: As of the end of 2017, the Bank of Canada no longer publishes this table. Starting from May 2018, a new version of the data is being published by the Investment Industry Regulatory Organization of Canada. Content Type(s): Banking and financial statistics
September 29, 2017 Weekly Financial Statistics - 29 September 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
September 27, 2017 The Meaning of “Data Dependence”: An Economic Progress Report Remarks Stephen S. Poloz St. John’s Board of Trade St. John's, Newfoundland and Labrador Governor Stephen S. Poloz discusses how unknowns in Canada’s inflation outlook have made the Bank’s monetary policy particularly data dependent. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments