The Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios Staff Analytical Note 2019-20 Karyne B. Charbonneau This note uses Charbonneau and Landry’s (2018) framework to assess the direct impact of the current trade tensions on the Canadian and global economies, as well as possible implications if the conflict escalates further. Overall, my findings show that the estimated impact of current tariffs on real gross domestic product (GDP) remains relatively small, which is in line with the literature on gains from trade, but the impact on trade is much larger. Content Type(s): Staff research, Staff analytical notes Topic(s): Recent economic and financial developments, Trade integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68
July 2, 2019 Interest rates posted for selected products by the major chartered banks Weekly posted interest rates covering prime rate, conventional mortgages, guaranteed investment certificates, personal, daily interest savings, and non-chequable savings deposits, offered by chartered banks. Rates presented are the most typical of those offered by the six major chartered banks.
June 30, 2019 Research Update - June 2019 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
June 28, 2019 Business Outlook Survey—Summer 2019 Results from the summer Business Outlook Survey point to a slight improvement in business sentiment after a moderation in the previous survey. Investment and hiring intentions continue to be healthy. Content Type(s): Publications, Business Outlook Survey
June 28, 2019 Senior Loan Officer Survey—Second Quarter of 2019 For household lending, mortgage conditions eased, while non-mortgage lending conditions remained unchanged. Overall business lending conditions eased slightly, driven mainly by small and commercial businesses outside the Prairies as well as corporates. Content Type(s): Publications, Senior Loan Officer Survey
June 27, 2019 Bank of Canada announces partnership to improve resilience in financial sector Media Relations Ottawa, Ontario The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021. Content Type(s): Press, Press releases Source(s): Canadian Financial Sector Resiliency Group
June 25, 2019 The Tenth International Workshop on Theoretical and Experimental Macroeconomics Macroeconomic theories have traditionally been tested using non‐experimental data from the field. However, modern, micro‐based macroeconomic models can also be tested in the laboratory, which affords better causal inference, and researchers have begun to pursue such experimental tests. Content Type(s): Conferences and workshops
June 24, 2019 CARR Meeting (June 24, 2019) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
June 21, 2019 Resolution regime for Canada’s financial market infrastructures The Bank of Canada is the resolution authority for Canadian financial market infrastructures (FMIs) that have been designated by the Governor under the Payment Clearing and Settlement Act (PCSA).
Systemic Risk and Collateral Adequacy Staff Working Paper 2019-23 Radoslav Raykov Many derivatives markets use collateral requirements calculated with industry-standard but dated methods that are not designed with systemic risk in mind. This paper explores whether the conservative nature of conventional collateral requirements outweighs their lack of consideration of systemic risk. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets JEL Code(s): G, G1, G10, G2, G20