November 6, 2006 Prospering in Today's Global Economy: Challenges for Open Economies such as Australia and Canada Remarks David Dodge Sydney Institute and the Canadian Australian Chamber of Commerce Sydney, Australia As major producers of commodities, both Canada and Australia rely heavily on international trade for our economic expansion, and we each rely extensively on global capital markets. So, what I would like to talk about first is how we see the global and Canadian economies unfolding and what we might expect to see in the future. Following that, I'll also talk about some of the policies that can best help countries like ours to deal with the challenges of today's global economy, looking at this from both a domestic and an international perspective. Content Type(s): Press, Speeches and appearances, Remarks
November 8, 2011 Global Liquidity Remarks Mark Carney Canada-United Kingdom Chamber of Commerce London, United Kingdom Governor Mark Carney discusses how global liquidity cycles affect financial stability and economic growth, and what policy can do about it. Content Type(s): Press, Speeches and appearances, Remarks
Relative Price Movements and Labour Productivity in Canada: A VAR Analysis Staff Discussion Paper 2010-5 Michael Dolega, David Dupuis, Lise Pichette In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors and regions. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Labour markets, Productivity, Recent economic and financial developments JEL Code(s): E, E2, E23, E24, O, O4, O47
July 23, 2009 Monetary Policy Report – July 2009 The global economy has suffered an intense, synchronous recession and considerable excess supply has opened up. Content Type(s): Publications, Monetary Policy Report
January 20, 2021 Monetary Policy Report – January 2021 While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022. Content Type(s): Publications, Monetary Policy Report
The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN Staff Discussion Paper 2010-16 Carlos De Resende, Ali Dib, Nikita Perevalov The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Economic models, Financial institutions, Financial stability, International topics JEL Code(s): E, E3, E32, E4, E44, E5, G, G1, G2
International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada Staff Working Paper 2014-43 Tatjana Dahlhaus, Abeer Reza, Kristina Hess The U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In order to provide further monetary stimulus, they subsequently conducted large-scale asset purchases, quadrupling their balance sheet in the process. Content Type(s): Staff research, Staff working papers Research Topic(s): International topics, Monetary policy framework, Monetary policy transmission JEL Code(s): C, C3, C32, E, E5, E52, E58, F, F4, F42, F44
August 21, 2002 Monetary Policy and Uncertainty Bank of Canada Review - Summer 2002 Paul Jenkins, David Longworth Central banks must cope with considerable uncertainty about what will happen in the economy when formulating monetary policy. This article describes the different types of uncertainty that arise and looks at examples of uncertainty that the Bank has recently encountered. It then reviews the strategies employed by the Bank to deal with this problem. The other articles in this special issue focus on three of these major strategies. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Monetary policy and uncertainty, Monetary policy framework
Assessing Global Potential Output Growth: April 2019 Staff Analytical Note 2019-13 Fares Bounajm, Jean-Philippe Cayen, Michael Francis, Christopher Hajzler, Kristina Hess, Guillaume Poulin-Bellisle, Peter Selcuk This note presents the updated estimates of potential output growth for the global economy through 2021. Global potential output is expected to grow by 3.3 per cent per year over the projection horizon. Content Type(s): Staff research, Staff analytical notes Research Topic(s): International topics, Potential output, Productivity JEL Code(s): E, E1, E10, E2, E20, O, O4
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