Using new loan data to better understand mortgage holders Staff Analytical Note 2025-1 Odae Al Aboud, Saarah Sheikh, Adam Su, Yang Xu The Bank of Canada is using an enhanced dataset that tracks the stock of outstanding mortgages and home equity lines of credit held by federally regulated lenders. This paper highlights some of the new details in the dataset and how they impact the Bank’s understanding of the mortgage market. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Credit and credit aggregates, Financial institutions, Interest rates, Recent economic and financial developments JEL Code(s): D, D1, D12, D14, G, G2, G21, G28
April 12, 2017 Monetary Policy Report – April 2017 Canada’s economy is expected to grow by 2 1/2 per cent this year and just below 2 per cent in 2018 and 2019. Content Type(s): Publications, Monetary Policy Report
October 30, 2019 Monetary Policy Report – October 2019 The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021. Content Type(s): Publications, Monetary Policy Report
July 11, 2018 Monetary Policy Report – July 2018 Real GDP in Canada is expected to grow by 2.0 per cent in 2018, 2.2 per cent in 2019 and 1.9 per cent in 2020. Content Type(s): Publications, Monetary Policy Report
November 12, 1997 Clearing and settlement systems and the Bank of Canada Bank of Canada Review - Autumn 1997 Clyde Goodlet Clearing and settlement systems are essential to the smooth functioning of a modern market-based economy such as Canada's. During the past decade, there have been significant efforts in Canada and abroad to improve electronic clearing and settlement systems that handle payments obligations, either uniquely or in conjunction with transactions related to the purchase and sale of a broad range of financial instruments such as debt, equity, foreign exchange, or derivatives. This article examines some of the risks faced by participants and end-users of these systems and reviews the Bank of Canada's role in relation to these systems. For a number of years, the Bank has been involved informally with major clearing and settlement systems with a view to ensuring that systemic risk is adequately controlled. In July 1996, the Payment Clearing and Settlement Act was proclaimed. This Act formalized the role of the Bank in the oversight of clearing and settlement systems for the purpose of controlling systemic risk. The article provides an overview of the Bank's responsibilities. It also describes certain new powers that the Act made available to the Bank that could be exercised in its dealings with clearing and settlement systems. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Payment clearing and settlement systems
August 20, 2002 Information and Analysis for Monetary Policy: Coming to a Decision Bank of Canada Review - Summer 2002 Tiff Macklem This article outlines one of the Bank's key approaches to dealing with the uncertainty that surrounds decisions on monetary policy: the consideration of a wide range of information from a variety of sources. More specifically, it describes the information and analysis that the monetary policy decision-makers—the Governing Council of the Bank of Canada—receive in the two or three weeks leading up to a decision on the setting of the policy rate—the target overnight interest rate. The article also describes how the Governing Council reaches this decision. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Monetary and financial indicators, Monetary policy framework, Monetary policy implementation
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse Technical Report No. 107 Stan Hatko Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey. Content Type(s): Staff research, Technical reports Research Topic(s): Central bank research JEL Code(s): C, C8, C81, C83
June 23, 2005 Bank Failures and Bank Fundamentals: A Comparative Analysis for Latin America and East Asia during the 1990s Financial System Review - June 2005 Marco Arena Content Type(s): Publications, Financial System Review articles
March 30, 2009 What Are Banks Really For? Remarks Mark Carney University of Alberta School of Business Edmonton, Alberta Across the world's major economies, addressing the failures of banking ranks among the highest policy priorities. In the harsh glare of the current financial turmoil, it is clear that many banks outside of Canada were either not doing their jobs or were doing them in ways that created enormous risks. Content Type(s): Press, Speeches and appearances, Remarks
October 25, 2023 Monetary Policy Report – October 2023 Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank projects that inflation will stay around 3½% until the middle of 2024, returning to target in 2025. Content Type(s): Publications, Monetary Policy Report