March 27, 2020 Press Conference Opening Statement – March 27, 2020 Opening statement Stephen S. Poloz Ottawa, Ontario This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
March 26, 2012 Bank Note Launch Remarks Mark Carney Québec, Québec Governor Mark Carney announces the launch of the new $50 bank note. Content Type(s): Press, Speeches and appearances, Remarks
A Primer on the Canadian Bankers’ Acceptance Market Staff discussion paper 2018-6 Kaetlynd McRae, Danny Auger This paper discusses how the bankers’ acceptance (BA) market in Canada is organized and its essential link to the Canadian Dollar Offered Rate (CDOR). Globally, BAs are a niche product used only in a limited number of jurisdictions. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G18, G2, G21, G23 Research Theme(s): Financial markets and funds management, Market functioning, Market structure
June 22, 2020 Monetary policy in the context of COVID-19 Remarks (delivered virtually) Tiff Macklem Canadian clubs and cercles canadiens Ottawa, Ontario Governor Tiff Macklem talks about the conduct of monetary policy in the context of COVID-19. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
Summaries of Central Bank Policy Deliberations: A Canadian Context Staff discussion paper 2023-2 Monica Jain, Walter Muiruri, Jonathan Witmer, Sharon Kozicki, Jeremy Harrison This paper provides the context, rationale and key considerations that informed the Bank of Canada’s decision to publish a summary of monetary policy deliberations. It includes an analysis of how other central banks disclose minutes and summaries of their monetary policy deliberations. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D8, D83, E, E5, E58 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
November 19, 2015 Measuring Durable Goods and Housing Prices in the CPI: An Empirical Assessment Bank of Canada Review - Autumn 2015 Patrick Sabourin, Pierre Duguay While the CPI is the most commonly used measure to track inflation, it is not fully consistent with a true cost-of-living index (COLI). Although the official treatment of durable goods and housing in the CPI represents an acceptable compromise in the current environment of low and stable inflation, Sabourin and Duguay suggest that it would be worthwhile to consider treating housing and durables in the same way and bringing the actual CPI closer to a COLI. This could be accomplished by employing an enhanced user-cost approach to calculate the imputed cost of the services provided by the use of durable goods or housing. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E3, E31, E5, E52
Finding the balance—measuring risks to inflation and to GDP growth Staff analytical note 2023-18 Bruno Feunou, James Kyeong Using our new quantitative tool, we show how the risks to the inflation and growth outlooks have evolved over the course of 2023. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C3, C32, C5, C58, E, E4, E44, G, G1, G17 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting
May 11, 2000 Monetary Policy Report – May 2000 The global economy has shown greater strength than was anticipated at the time of the November Report. Content Type(s): Publications, Monetary Policy Report
July 27, 2023 CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone Today, the Canadian Alternative Reference Rate working group (CARR) published a set of documents that will help support the transition of the Canadian loan market from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
December 14, 2009 Reform of Securitization Financial System Review - December 2009 Jack Selody, Elizabeth Woodman Content Type(s): Publications, Financial System Review articles