October 24, 2018 Bank of Canada increases overnight rate target to 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
October 24, 2018 Monetary Policy Report – October 2018 The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020. Content Type(s): Publications, Monetary Policy Report
October 22, 2018 Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 publish report about the feasibility of equity settlement through Distributed Ledger Technology This joint press release describes a new report on the findings of the third phase of the Project Jasper research initiative. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
Introducing a Systematic Measure of Idiosyncratic Prices Staff Analytical Note 2018-33 Madigan Dockrill, Laurence Savoie-Chabot There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors. Content Type(s): Staff research, Staff analytical notes Topic(s): Inflation and prices, Recent economic and financial developments JEL Code(s): E, E3, E31
October 16, 2018 Keeping the financial system healthy Joshua Slive, Donald Coletti We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Credit risk management, Financial stability, Financial system regulation and policies, International topics, Sectoral balance sheet
October 16, 2018 Navigating digital disruption and the economy Eric Santor Technology can enhance efficiency and help create new jobs, but challenges like automation's impact on employment also need careful consideration and proactive solutions. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Central bank research, Digital currencies and fintech, Digitalization, Economic models, Labour markets, Market structure and pricing, Productivity, Recent economic and financial developments, Service sector
Is a Cashless Society Problematic? Staff Discussion Paper 2018-12 Walter Engert, Ben Fung, Scott Hendry The use of bank notes in Canada for payments has declined consistently for some time, and similar trends are evident in other countries. This has led some observers to predict a cashless society in the future. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5
October 15, 2018 Business Outlook Survey—Autumn 2018 Responses to the autumn Business Outlook Survey indicate that near-term business prospects continue to be robust. Strong demand and elevated capacity pressures support firms’ investment and employment intentions. Content Type(s): Publications, Business Outlook Survey
October 15, 2018 Senior Loan Officer Survey—Third Quarter of 2018 Household lending conditions were almost unchanged this quarter, while competition for corporate borrowers continues to drive an easing in business lending conditions. Content Type(s): Publications, Senior Loan Officer Survey
October 15, 2018 CARR Meeting (October 15, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group