March 31, 2020 Bank of Canada welcomes use of new liquidity facility by financial institutions The Bank of Canada today welcomed the move by a number of Canadian banks, including the six largest, to draw on its new Standing Term Liquidity Facility (STLF). Content Type(s): Press, Press releases Source(s): Standing Term Liquidity Facility
March 31, 2020 Results of today’s Canada Mortgage Bond purchase operation Today the Bank of Canada purchased $ 235,000,000 of Canada Mortgage Bonds in the secondary market. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program
March 27, 2020 Operational details for the secondary market purchases of Government of Canada securities As announced on March 27 2020, the Bank of Canada is launching a program to purchase Government of Canada securities in the secondary market. Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
Assessing global potential output growth and the US neutral rate: April 2021 Staff Analytical Note 2021-5 Thomas J. Carter, Xin Scott Chen, Ali Jaffery, Christopher Hajzler, Jonathan Lachaine, Peter Shannon, Subrata Sarker, Graeme Westwood, Beiling Yan We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 assessment. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Interest rates, Monetary policy, Potential output, Productivity JEL Code(s): E, E1, E2, E4, E5, F, F0, O, O4
April 21, 2021 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem 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
April 27, 2021 CORRA Advisory Group Meeting (April 27, 2021) Content Type(s): Meetings Source(s): CORRA Advisory Group
April 21, 2021 Monetary Policy Report – April 2021 As the economy recovers from the COVID-19 pandemic, the Bank is forecasting growth of around 6 ½ percent this year, slowing to about 3 ¾ percent in 2022 and 3 ¼ percent in 2023. Content Type(s): Publications, Monetary Policy Report
Examining the Impact of Home Purchase Restrictions on China’s Housing Market Staff Working Paper 2021-18 Zhentong Lu, Sisi Zhang, Jian Hong How do “cooling measures” in the housing market—policies aimed to stabilize prices—affect the market? We use a structural model of housing demand and price competition among developers to evaluate China’s home purchase restriction policies implemented in 2010–11. Content Type(s): Staff research, Staff working papers Research Topic(s): Housing, Market structure and pricing JEL Code(s): O, O1, O18, R, R3, R31, R38
Trade and Market Power in Product and Labor Markets Staff Working Paper 2021-17 Gaelan MacKenzie Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade. Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Labour markets, Market structure and pricing, Productivity, Trade integration JEL Code(s): D, D4, D43, F, F1, F12, F6, J, L, L1, L13