September 10, 2010 Restoring Faith in the International Monetary System Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead. Content Type(s): Press, Speeches and appearances, Remarks
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
August 9, 1995 Uncertainty and the transmission of monetary policy in Canada (HERMES-Glendon Lecture) Bank of Canada Review - Summer 1995 Gordon Thiessen Gordon Thiessen, Governor of the Bank of Canada, delivered the HERMES-Glendon Lecture at York University, Toronto, in March 1995. The speech focussed on the interrelationships of uncertainty and the transmission of monetary policy to the economy. It looked at how the various types of uncertainty influence the behaviour of economic actors, and at how uncertainty affects the transmission of monetary policy through the economy. The first part of the lecture outlines the Bank of Canada's view of the transmission mechanism, with considerable attention paid to the role of uncertainty. In the second part, the various ways in which the Bank has tried to reduce uncertainty are discussed. The various kinds of uncertainty that impinge on the economy and on the policy process are addressed. Content Type(s): Publications, Bank of Canada Review articles
December 14, 2009 Reform of Securitization Financial System Review - December 2009 Jack Selody, Elizabeth Woodman Content Type(s): Publications, Financial System Review articles
January 25, 2012 Reforming the Credit-Rating Process Financial System Review - December 2007 Mark Zelmer Content Type(s): Publications, Financial System Review articles
Inflation Expectations in Action: Exploring Agents’ Behaviour in a Period of High Inflation Staff discussion paper 2025-18 Naveen Rai, Hayley Touchburn, Matt West Inflation expectations are important to monetary policy decision-makers. Using survey evidence, we examine how firms and consumers react to their inflation expectations during the post-pandemic period of high inflation. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C8, C83, D, D8, D84, E, E3, E31 Research Theme(s): Monetary policy, Inflation dynamics and pressures
The neutral rate in Canada: 2020 update Staff analytical note 2020-24 Dmitry Matveev, Julien McDonald-Guimond, Rodrigo Sekkel The neutral rate of interest is important for central banks because it helps measure the stance of monetary policy. We present updated estimates of the neutral rate in Canada using the most recent data. We expect the COVID-19 pandemic to significantly affect the fundamental drivers of the Canadian neutral rate. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
August 12, 1999 Recent Developments in Global Commodity Prices: Implications for Canada Bank of Canada Review - Summer 1999 Farid Novin, Gerald Stuber The authors examine the recent evolution of commodity prices. They discuss the factors behind the price declines that occurred between the summer of 1997 and the end of 1998, including the key supply factors and the drop in Asian demand caused by that region's concurrent financial and economic crisis. They then review the effects of the reduction in world commodity prices on economic activity in Canada. They point out that the depreciation of the Canadian dollar against the U.S. dollar, together with the continued strength of the U.S. economy, has partly offset the negative effects on Canadian aggregate demand. Content Type(s): Publications, Bank of Canada Review articles
November 7, 2013 Bank of Canada Issues $5 and $10 Polymer Bank Notes Media Relations Ottawa, Ontario The Bank of Canada has announced the entry into circulation of the new $5 and $10 polymer bank notes. Starting today, these final two notes in the new polymer Frontiers series will be available at financial institutions across Canada. Content Type(s): Press, Press releases
January 30, 2013 Bank notes: Resources for the blind and partially sighted This section includes information and products that explain how blind and partially-sighted Canadians can determine the denominations of bank notes.