July 28, 2005 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario Mr. Little, who will join the Bank in September, is a recently retired journalist from the Globe and Mail, where he spent most of the past two decades writing about economics and public finance. Content Type(s): Press, Press releases
July 14, 2005 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its July Monetary Policy Report Update, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
July 14, 2005 Release of the Monetary Policy Report Update Opening statement David Dodge Global and Canadian economic developments have been unfolding broadly as expected, and the Bank's outlook for output and inflation in Canada through to the end of 2006 is little changed from the scenario outlined in the April Report. Strong growth in final domestic demand in Canada continues to offset the drag from net exports. Content Type(s): Press, Speeches and appearances, Opening statements
July 14, 2005 Monetary Policy Report Update – July 2005 The update on global and Canadian economic developments presented in this Report highlights three issues. Content Type(s): Publications, Monetary Policy Report
July 12, 2005 Bank of Canada keeps target for the overnight rate at 2 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent. Content Type(s): Press, Press releases
July 4, 2005 Business Outlook Survey - Summer 2005 Businesses remain optimistic about the economic outlook. Indeed, the results of this survey are broadly similar to those of the spring 2005 survey. Content Type(s): Publications, Business Outlook Survey
The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar Staff Working Paper 2005-21 Rasmus Fatum, Michael R. King The Bank of Canada is one of very few central banks that has made records of the intraday timing of its intervention operations available to researchers. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets JEL Code(s): E, E5, E58, F, F3, F31, G, G1, G14, G15
La fonction de production et les données canadiennes Staff Working Paper 2005-20 Patrick Perrier This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model. Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D2, D24, E, E2, E23, O, O4, O40
Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data Staff Working Paper 2005-19 Marco Arena The author develops the first comparative empirical study of bank failures during the nineties between East Asia and Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries? Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G2, N, N2
June 28, 2005 Governor Dodge Discusses Policies to Help Resolve Global Imbalances Media Relations London, United Kingdom Bank of Canada Governor David Dodge today spoke about the policies that governments around the world need to adopt in order to bring about an orderly resolution to global economic imbalances. Content Type(s): Press, Press releases