A New Measure of the Canadian Effective Exchange Rate Staff Discussion Paper 2016-1 Russell Barnett, Karyne B. Charbonneau, Guillaume Poulin-Bellisle Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness. Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, International topics JEL Code(s): F, F1, F3, F31
The Complex Adjustment of the Canadian Economy to Lower Commodity Prices Staff Analytical Note 2016-1 Julien Champagne, Nikita Perevalov, Hope Pioro, Dany Brouillette, Andrew Agopsowicz In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade. Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Exchange rates, Labour markets, Potential output, Recent economic and financial developments JEL Code(s): E, E1, E17, E2, E27, E5, E52, J, J2, Q, Q0, Q00
January 15, 2016 Weekly Financial Statistics - 15 January 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics
January 11, 2016 Business Outlook Survey - Winter 2015-16 Overall, responses to the winter Business Outlook Survey indicate that business sentiment has deteriorated as the negative effects of the commodity price shock continue to unfold and spread beyond the resource sector. However, exporters not directly affected by lower commodity prices continue to benefit from strong U.S. demand and the weak Canadian dollar. Content Type(s): Publications, Business Outlook Survey
January 11, 2016 Senior Loan Officer Survey - Fourth-Quarter 2015 The survey results suggest that overall business-lending conditions tightened slightly during the fourth quarter of 2015. Content Type(s): Publications, Senior Loan Officer Survey