October 26, 2011 Monetary Policy Report – October 2011 The Bank projects that the economy will expand by 2.1 per cent in 2011, 1.9 per cent in 2012 and 2.9 per cent in 2013. Total CPI inflation is expected to trough around 1 per cent by the middle of 2012. Content Type(s): Publications, Monetary Policy Report
October 19, 2011 Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions In managing its balance sheet, the Bank of Canada acquires Government of Canada securities to offset its liabilities, which consist mainly of bank notes in circulation and deposits. Content Type(s): Press, Market notices
September 27, 2011 Managing Risks in the New Global Economic Landscape Remarks Tiff Macklem National Insurance Conference of Canada Vancouver, British Columbia Senior Deputy Governor Tiff Macklem discusses some of the challenges facing the private and public sectors as they manage risk in the new global economic landscape. Content Type(s): Press, Speeches and appearances, Remarks
September 25, 2011 Financial System Reform Initiatives Mark Real Progress, Says Mark Carney, Governor of the Bank of Canada Media Relations Washington, D.C. Content Type(s): Press, Press releases
September 13, 2011 Bank of Canada Calls for Nominations for the 2012 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada calls for nominations for the 2012 Fellowship and Governor’s Awards. Content Type(s): Press, Press releases Source(s): Fellowship Program
August 24, 2011 The Role of the G-20 in Sustaining the Recovery and Protecting Financial Stability Remarks Tiff Macklem Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) Mumbai, India In his speech, Senior Deputy Governor Tiff Macklem discusses the G-20 reform agenda to achieve durable financial stability and sustainable and balanced economic growth. Content Type(s): Press, Speeches and appearances, Remarks
August 19, 2011 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Thank you for this opportunity to appear here today. Recent Economic and Financial Developments In recent weeks, several downside risks to the Bank’s July Monetary Policy Report (MPR) projection have been realised. The European sovereign crisis has intensified, the U.S. credit rating has been downgraded, and a broad range of data has signalled slower global […] Content Type(s): Press, Speeches and appearances, Opening statements
August 18, 2011 Bank Balance Sheets, Deleveraging and the Transmission Mechanism Bank of Canada Review - Summer 2011 Césaire Meh The author investigates the influence of bank capital on economic activity, using a macroeconomic model that incorporates an explicit role for financial intermediation. The analysis focuses on the role of a “bank-capital channel” in propagating and amplifying monetary policy actions and other shocks. The question of whether weaker bank balance sheets make the economy more vulnerable to adverse shocks is examined, together with the impact of initiatives, such as countercyclical capital buffers, on the transmission of monetary policy and other shocks to the real economy. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Economic models, Financial institutions, Financial system regulation and policies, Monetary policy transmission
November 19, 2010 Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature Bank of Canada Review - Autumn 2010 Jeannine Bailliu, Wei Dong, John Murray Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Economic models, Exchange rates, Inflation and prices, Monetary policy framework
October 19, 2010 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases