October 24, 2018 Bank of Canada increases overnight rate target to 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
October 12, 2018 Fiscal agent for the Government of Canada We are the fiscal agent for the Government. We provide treasury-management services and manage Canada’s public debt programs and foreign exchange reserves.
October 15, 2018 Business Outlook Survey—Autumn 2018 Responses to the autumn Business Outlook Survey indicate that near-term business prospects continue to be robust. Strong demand and elevated capacity pressures support firms’ investment and employment intentions. Content Type(s): Publications, Business Outlook Survey
October 16, 2018 Keeping the financial system healthy Joshua Slive, Donald Coletti We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Credit risk management, Financial stability, Financial system regulation and policies, International topics, Sectoral balance sheet
December 17, 2018 CARR Meeting (December 17, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
December 6, 2018 Year-End Economic Progress Report: Financial Vulnerabilities in Focus Remarks Stephen S. Poloz CFA Toronto Toronto, Ontario Governor Poloz talks about how household debt levels and housing markets played a role in the latest interest-rate decision. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Financial stability, Housing, Monetary policy, Recent economic and financial developments
The Impact of Surprising Monetary Policy Announcements on Exchange Rate Volatility Staff Analytical Note 2018-39 Adam Albogatchiev, Jean-Sébastien Fontaine, Jabir Sandhu, Reginald Xie We identify a few Bank of Canada press releases that had the largest immediate impact on the exchange rate market. We find that volatility increases after these releases, but the effect is short-lived and mostly dissipates after the first hour, on average. Beyond the first hour, the size of the effect is similar to what we observe for other economic releases, such as those for inflation or economic growth data. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Exchange rates, Financial markets, Monetary policy JEL Code(s): E, E4, E44, F, F3, F31, G, G1, G10, G12, G14, G15
December 6, 2018 Governor Poloz speaks on financial vulnerabilities and risks to the economy Speech summary Stephen S. Poloz CFA - Toronto Toronto, Ontario In his final speech of 2018, Governor Stephen S. Poloz discusses the vulnerabilities and risks in Canada’s financial system as well as Canadian and global economic developments. He explains how all this was taken into account in the December interest rate decision. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Financial stability, Housing, Monetary policy, Recent economic and financial developments