November 7, 2001 Monetary Policy Report – November 2001 Two major issues dominate the analysis and policy discussion in this Monetary Policy Report: the nature and extent of the global economic slowdown that began late last year and the consequences of the terrorist attacks in the United States. Content Type(s): Publications, Monetary Policy Report
March 23, 2021 Market stress relief: The role of the Bank of Canada’s balance sheet Remarks (delivered virtually) Toni Gravelle CFA Society Toronto Toronto, Ontario Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economic models
July 28, 1997 Bank of Canada Releases Interim Report on Wartime Gold Transactions Media Relations The Bank of Canada today released an interim report on the results of a search for records relating to wartime gold transactions. Content Type(s): Press, Press releases
December 12, 2019 Big Issues Ahead: The Bank’s 2020 Vision Remarks Stephen S. Poloz Empire Club of Canada Toronto, Ontario Governor Stephen S. Poloz discusses how long-term global economic forces will drive the Bank of Canada’s work agenda in 2020 and beyond. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework
January 14, 1997 Annual Report 1996 In 1996 inflation remained within the Bank’s target range but was subject to downward pressure. The low rate of inflation contributed to a major easing in monetary conditions, and interest rates reached their lowest level in 30 years. Content Type(s): Publications, Annual Report
Core inflation over the COVID-19 pandemic Staff analytical note 2022-17 Mikael Khan, Elyse Sullivan We assess the usefulness of various measures of core inflation over the COVID-19 pandemic. We find that Cpi-trim and CPI-median provided the best signal of underlying inflation. The favourable performance of these measures stems from their lack of reliance on historical experience, an especially valuable feature in unprecedented times. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C1, C18, E, E3, E31 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
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 17, 2018 CARR Meeting (December 17, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Exploring the drivers of the real term premium in Canada Staff analytical note 2025-3 Zabi Tarshi, Gitanjali Kumar Changes in the term premium can reflect uncertainty about inflation, growth and monetary policy. Understanding the key factors that influence the term premium is important when central banks make decisions about monetary policy. In this paper, we derive the real term premium from the nominal term premium in Canada. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C5, C58, E, E4, E43, E47, G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy framework and transmission
October 23, 2002 Monetary Policy Report – October 2002 Over the past year, Canada’s economy has outperformed the economies of virtually all the other major industrial countries. Content Type(s): Publications, Monetary Policy Report