March 26, 2018 Annual Report 2017 The Annual Report outlines the Bank’s activities and achievements in 2017. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
June 25, 2015 Building Trust, Not Walls: The Case for Cross-Border Financial Integration Remarks Lawrence L. Schembri Windsor–Essex Regional Chamber of Commerce Windsor, Ontario Deputy Governor Lawrence Schembri discusses the need to address cross-border obstacles to greater financial integration. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 1994 The Bank of Canada's new Quarterly Projection Model (QPM): An introduction Bank of Canada Review - Autumn 1994 Stephen S. Poloz, David Rose, Robert Tetlow This article provides an overview of the Bank of Canada's new economic model, the Quarterly Projection Model (QPM), which has been under development at the Bank since 1989. The model has two roles. It is used to make economic projections, which are conducted quarterly and form an important basis for discussions of monetary policy between staff and senior management. QPM is also a research tool: it was developed to analyse important changes to the economy or macroeconomic policies which require a deeper understanding of long-term economic forces. The model pays particular attention to factors shaping long-term equilibrium, such as stocks of wealth, capital, government debt and net foreign assets. Various sources of dynamics, including the adjustment of forward-looking expectations, operate to determine the transition path to equilibrium and the consistency of expectations. The article discusses the history of QPM and earlier economic models at the Bank, and provides a simple overview of how the model works. Content Type(s): Publications, Bank of Canada Review articles
January 19, 2011 Monetary Policy Report – January 2011 This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 14 January 2011. Content Type(s): Publications, Monetary Policy Report
May 24, 2017 Collaboration on the regulatory agenda We help manage the benefits and risks of fintech and digital currencies at the international level through our work with the Financial Stability Board, the International Monetary Fund and the Bank for International Settlements.
March 23, 2017 Annual Report 2016 The Annual Report outlines the Bank’s activities and achievements in 2016. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Calibration for Single-Location Retailers Technical report No. 109 Heng Chen, Rallye Shen Calibrated weights are created to (a) reduce the nonresponse bias; (b) reduce the coverage error; and (c) make the weighted estimates from the sample consistent with the target population in terms of certain key variables. Content Type(s): Staff research, Technical reports JEL Code(s): C, C8, C81, C83 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Retail payments
December 10, 1996 The maturity structure of household financial assets and liabilities Bank of Canada Review - Winter 1996-1997 Marie-Claude Montplaisir In this article, the author examines the maturity structure of the household sector's balance sheet and the degree of interest rate variability of household loans and financial assets. The bulk of households' interest-bearing assets and financial liabilities consists of medium- and long-term, fixed-rate instruments. The pattern of personal consumption is therefore influenced more by the wealth effects of interest rate changes than by their income effects, and the full impact of a permnent shift in interest rates on consumption will become apparent only after a lag. Content Type(s): Publications, Bank of Canada Review articles
February 10, 2020 Research paper awards At the Bank of Canada, we’re pleased to offer awards for research papers by students and by staff.
December 15, 2021 Our monetary policy framework: Continuity, clarity and commitment Remarks (delivered virtually) Tiff Macklem Empire Club of Canada Toronto, Ontario Governor Tiff Macklem discusses the Bank of Canada’s renewed monetary policy framework. He reviews Canada’s experience with flexible inflation targeting and explains why the Bank and the Government of Canada agreed to renew the 2 percent inflation target. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework