January 13, 2014 Senior Loan Officer Survey - Fourth-Quarter 2013 The survey, conducted between 9 and 16 December, pointed to a continued slight easing in overall business-lending conditions during the fourth quarter of 2013. Content Type(s): Publications, Senior Loan Officer Survey
December 30, 2013 Weekly Financial Statistics - 30 December 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
Do Oil Price Increases Cause Higher Food Prices? Staff Working Paper 2013-52 Christiane Baumeister, Lutz Kilian U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers have been more substantial and can be linked in part to increases in the real price of oil. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, International topics JEL Code(s): E, E3, E31, Q, Q1, Q11, Q4, Q42, Q43
December 23, 2013 Banking and Financial Statistics - December 2013 Content Type(s): Publications, Historical: Banking and Financial Statistics
December 18, 2013 Results of the 18 December 2013 Term Repo Operation for Balance Sheet Management Purposes The results of today's term repo for balance sheet management purposes operation. Content Type(s): Press, Market notices
December 17, 2013 Bank of Canada Announces Details of a Term Repo for Balance Sheet Management Purposes Operation The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation. Content Type(s): Press, Market notices
November 28, 2013 Banking and Financial Statistics - November 2013 Content Type(s): Publications, Historical: Banking and Financial Statistics
Expectations and Monetary Policy: Experimental Evidence Staff Working Paper 2013-44 Oleksiy Kryvtsov, Luba Petersen The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a standard New Keynesian business-cycle model with rational expectations, systematic monetary policy reduces the variance of inflation and the output gap by at least two-thirds. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Monetary policy implementation, Monetary policy transmission JEL Code(s): C, C9, D, D8, D84, E, E3, E5, E52
High-Frequency Real Economic Activity Indicator for Canada Staff Working Paper 2013-42 Gitanjali Kumar I construct a weekly measure of real economic activity in Canada. Based on the work of Aruoba et al. (2009), the indicator is extracted as an unobserved component underlying the co-movement of four monthly observed real macroeconomic variables - employment, manufacturing sales, retail sales and GDP. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C3, C38, E, E3, E32
November 20, 2013 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Thank you for the opportunity for Tiff and me to be with you today to discuss the October Monetary Policy Report, which the Bank published recently. The Bank aims to communicate our objectives openly and effectively and to stand accountable for our actions before Canadians. One of the best ways to do this is through […] Content Type(s): Press, Speeches and appearances, Opening statements