Synthesizing Signals from the Canadian Survey of Consumer Expectations Staff discussion paper 2025-11 Jacob Dolinar, Patrick Sabourin, Matt West We introduce the Canadian Survey of Consumer Expectations indicator. This indicator provides a summary measure of consumer opinions that we can track over time. We construct three underlying sub-indexes—financial health, labour market and consumer spending—that capture different factors influencing consumers’ daily lives. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D1, D12, D8, D84, E, E2, E21, E3, E32, E7, E71 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, Demographics and labour supply
December 23, 2005 70 Years of Central Banking in Canada Bank of Canada Review - Winter 2005-2006 David Dodge Remarks by David Dodge, Governor of the Bank of Canada, to the Canadian Economics Association Content Type(s): Publications, Bank of Canada Review articles
Announcing the Bankers’ Acceptance Purchase Facility: a COVID‑19 event study Staff analytical note 2020-23 Rohan Arora, Sermin Gungor, Kaetlynd McRae, Jonathan Witmer The Bank of Canada launched the Bankers’ Acceptance Purchase Facility (BAPF) to ensure that the bankers’ acceptance (BA) market could continue to function well during the financial crisis induced by the COVID‑19 pandemic. We review the impact that the announcement of this facility had on BA yields in the secondary market. We find that BA yield spreads declined by 15 basis points on the day of the announcement and by up to 70 basis points over a longer period. Using an econometric framework, we quantify the effect of the announcement and confirm early assertions presented in the Bank’s 2020 Financial System Review. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G2, G20, G23 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
May 30, 2017 Fellowship Award nominations Find out the eligibility and process for Fellowship Award nominations.
April 3, 2023 Canadian Survey of Consumer Expectations—First Quarter of 2023 Results in the first quarter of 2023 show that consumer expectations for inflation one to two years ahead fell but remain elevated, particularly for services. Consumers, especially indebted households and equity-deserving groups, are facing financial pressures and limits on their spending due to high inflation and increasing interest rates. Consumers expect to spend less on discretionary services, such as travelling and eating out. Canadians continue to anticipate a recession in the next 12 months. Many are uncertain about where the economy and job markets are going. Despite this, workers still see the labour market as strong and expect wage growth to increase. Content Type(s): Publications, Canadian Survey of Consumer Expectations
November 8, 2012 Some Current Issues in Financial Reform Remarks Mark Carney Canadian Club of Montréal Montréal, Quebec Governor Mark Carney discusses financial system reform in a speech to the Canadian Club of Montréal. Content Type(s): Press, Speeches and appearances, Remarks
The Contingent Term Repo Facility: Lessons learned and an update Staff analytical note 2025-12 Jessie Ziqing Chen, Parnell Chu, Scott Kinnear In 2024, the Bank of Canada reviewed and updated its Contingent Term Repo Facility policy, incorporating lessons learned from the COVID-19 pandemic and other global market developments, such as the UK gilt crisis in September 2022. This paper accompanies the March 17, 2025, Contingent Term Repo Facility market notice and provides background information and further details about the design of the revised policy. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E58, F, F6, F68, G, G0, G01, G2, G23 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
March 30, 2005 Canada's Competitiveness: The Importance of Investing in Skills Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy. Content Type(s): Press, Speeches and appearances, Remarks
March 26, 2015 Central Bank Credibility and Policy Normalization Remarks Stephen S. Poloz Canada-United Kingdom Chamber of Commerce London, United Kingdom Governor Poloz discusses the recent rise in financial market volatility and low long-term borrowing costs, and what they both mean for central bank credibility. Content Type(s): Press, Speeches and appearances, Remarks
The Ecology of Automated Market Makers Staff discussion paper 2024-12 Annetta Ho, Cosmin Cazan, Andrew Schrumm This paper describes the ecology of automated market makers, which are the most popular decentralized exchange model for the pricing and trading of crypto assets within decentralized finance. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G2 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Money and payments, Digital assets and fintech