January 30, 2004 Annual Report 2003 At the Bank of Canada, we have worked hard over the past several years to define our goals and our methods for achieving them. We have continued to strengthen our monetary policy framework, and we have established priorities in all areas of our operations to help us meet our strategic objectives. In 2002, the Bank set out a medium-term plan for the period 2003–05. The plan’s clearly defined policy frameworks and priorities were critical in guiding our analysis and our decisions in 2003, a year in which Canadians across the country were affected by a number of severe and unanticipated events. Content Type(s): Publications, Annual Report
October 29, 2014 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. I am pleased to introduce you to Carolyn Wilkins, who assumed the post of Senior Deputy Governor of the Bank of Canada on 2 May of this year. Before we take your questions, let me give you some of the highlights of the economic outlook. I’ll draw mainly […] Content Type(s): Press, Speeches and appearances, Opening statements
December 8, 2015 Prudent Preparation: The Evolution of Unconventional Monetary Policies Remarks Stephen S. Poloz The Empire Club of Canada Toronto, Ontario Governor Poloz speaks about the Bank’s updated framework for unconventional monetary policies. Content Type(s): Press, Speeches and appearances, Remarks
September 22, 2014 Monetary Policy and the Underwhelming Recovery Remarks Carolyn A. Wilkins CFA Society Toronto Toronto, Ontario Senior Deputy Governor Carolyn Wilkins discusses the structural and cyclical factors underlying the underwhelming economic recovery and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
Extending the Labour Market Indicator to the Canadian Provinces Staff discussion paper 2016-2 Alexander Fritsche, Katherine Ragan Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E24, E27, J, J2, J21, J23 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
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
Cryptoasset Ownership and Use in Canada: An Update for 2022 Staff discussion paper 2023-14 Daniela Balutel, Christopher Henry, Doina Rusu We find that Bitcoin ownership declined from 13% in 2021 to 10% in 2022. This drop occurred against a background of steep price declines and an increasingly tight regulatory atmosphere. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C8, C81, E, E4, O, O5, O51 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech
June 20, 2011 Canada’s New Polymer Bank Notes – Celebrating Canada’s Achievements at the Frontiers of Innovation Remarks Mark Carney Ottawa, Ontario Governor Mark Carney, with Minister of Finance James Flaherty and RCMP Commissioner William Elliott, unveils a new polymer bank note series. Content Type(s): Press, Speeches and appearances, Remarks
June 6, 2013 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence. Content Type(s): Press, Speeches and appearances, Opening statements
September 15, 2008 The Effects of Recent Relative Price Movements on the Canadian Economy Bank of Canada Review - Autumn 2008 David Dupuis, Philippe Marcil Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows. Content Type(s): Publications, Bank of Canada Review articles