Assessing Global Potential Output Growth: October 2020 Staff Discussion Paper 2020-10 Xin Scott Chen, Ali Jaffery, Guillaume Nolin, Karim Salhab, Peter Shannon, Subrata Sarker This paper presents updated estimates of potential output growth for the global economy through 2022. Global potential output growth is expected to decline sharply in the aftermath of the COVID-19 pandemic and recover partially by the end of the projection horizon of the October 2020 Monetary Policy Report. Content Type(s): Staff research, Staff discussion papers Topic(s): Potential output, Productivity JEL Code(s): E, E1, E10, E2, E20, O, O4
November 9, 2020 Return to the Government of Canada Treasury Bill Standard Terms for Auctions The Bank of Canada today announced a return to normal standard terms for auctions of Government of Canada Treasury Bills. Content Type(s): Press, Market notices
November 9, 2020 Bank of Canada announces amendments to targeted facilities and programs that support liquidity and short-term funding markets Reflecting the continued improvement in the functioning of short-term funding markets and financial markets more generally, the Bank of Canada (the Bank) is announcing amendments to the Provincial Money Market Purchase (PMMP) program and to the amount of Government of Canada treasury bills acquired at auction. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program, Standing Term Liquidity Facility
November 9, 2020 Bank of Canada announces short list for next $5 bank note Media Relations Ottawa, Ontario The Bank of Canada today announced that the independent Advisory Council has selected a short list of eight iconic Canadians who could be featured on the next $5 bank note. Content Type(s): Press, Press releases Topic(s): Bank notes
November 9, 2020 Quarterly Financial Report - Third Quarter 2020 Quarterly Financial Report - Third Quarter 2020 - For the period ended September 30, 2020 Content Type(s): Publications, Quarterly Financial Report
How Should Unemployment Insurance Vary over the Business Cycle? Staff Working Paper 2020-47 Serdar Birinci, Kurt See Should unemployment benefits be more generous during economic downturns? The optimal amount and duration of benefit payments ultimately depend on the demographic and wealth characteristics of benefit recipients. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Fiscal policy, Labour markets JEL Code(s): E, E2, E24, E3, E32, J, J6, J64, J65
November 5, 2020 Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December Media Relations Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020. Content Type(s): Press, Press releases