November 8, 1995 The role of monetary conditions and the monetary conditions index in the conduct of policy Bank of Canada Review - Autumn 1995 Charles Freedman In these excerpts from a presentation to a conference in Toronto, Deputy Governor Charles Freedman analyses the way in which the monetary conditions index (MCI) enters into the Bank's thinking and actions. He describes how the Bank works in the context of a forward-looking assessment of economic developments and inflationary pressures to decide upon a desired path for the MCI that will result in a rate of inflation, six to eight quarters ahead, that is within the Bank's target band. Mr. Freedman also uses specific examples to explain how various shocks to the economy can change the Bank's desired path for monetary conditions. He describes the role that tactical considerations relating to market circumstances play regarding the timing of Bank actions to bring monetary conditions onto the desired path and emphasizes the need to give precedence to steadying nervous markets. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Monetary conditions index
June 27, 2014 A Dual Vision for the Canadian Payments System Remarks Lawrence L. Schembri Canadian Payments Association Charlottetown, Prince Edward Island Deputy Governor Lawrence Schembri calls for a collaborative approach to achieving a payments system that is innovative, safe, and efficient. Content Type(s): Press, Speeches and appearances, Remarks
What Is Restraining Non-Energy Export Growth? Staff Analytical Note 2018-25 Dany Brouillette, José Dorich, Chris D'Souza, Adrienne Gagnon, Claudia Godbout This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses. Content Type(s): Staff research, Staff analytical notes Research Topic(s): International topics, Monetary policy, Recent economic and financial developments, Trade integration JEL Code(s): E, E5, E52, F, F1, F10, F14, F17
Introducing the Bank of Canada’s Market Participants Survey Staff Analytical Note 2023-1 Annick Demers, Tamara Gomes, Stephane Gignac The Market Participants Survey (MPS) gathers financial market participants’ expectations for key macroeconomic and financial variables and for monetary policy. This staff analytical note describes the MPS’s objectives and main features, its process and design, and how Bank of Canada staff use the results. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial markets, Monetary policy and uncertainty, Recent economic and financial developments JEL Code(s): C, C8, C83, E, E4, E44, E5, E52, E58, G, G1, G12, G14
May 30, 2017 Governor’s Award nominations Find out the eligibility and process for Governor’s Award nominations.
March 11, 2010 Principles for Interesting Times Remarks Mark Carney Carleton University Ottawa, Ontario I would like to thank students from universities across Canada for joining me on this special day, the 75th anniversary of the Bank of Canada Content Type(s): Press, Speeches and appearances, Remarks
December 23, 2004 Bank of Canada Lender-of-Last-Resort Policies Financial System Review - December 2004 The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations. Content Type(s): Publications, Financial System Review articles Research Topic(s): Financial stability, Lender of last resort, Payment clearing and settlement systems
Identifying Financially Remote First Nations Reserves Staff Discussion Paper 2022-11 Heng Chen, Walter Engert, Kim Huynh, Daneal O’Habib Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an automated banking machine (ABM) or financial institution (FI) branch and more than half are within 5 km. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes, Digital currencies and fintech, Financial institutions, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5, G, G2, G21
The NAIRU in Canada: Concepts, Determinants and Estimates Technical Report No. 50 David Rose An important question that faces macroeconomic policy makers is whether the economy can absorb increases in aggregate demand without generating inflationary pressures. Many economists have found it useful to approach this issue by asking whether the economy is operating at a rate of unemployment consistent with inflation neither accelerating nor decelerating, all else being equal. […] Content Type(s): Staff research, Technical reports Research Topic(s): Labour markets JEL Code(s): E, E2, E24
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