April 22, 2010
Staff research, Publications
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Prospects for Global Current Account Rebalancing
The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial crisis. -
Le pouvoir de prévision des indices PMI
The forecast of world economic growth plays a key role in the conduct of Canadian monetary policy. In this context, the authors study the usefulness of the monthly Purchasing Managers’ Indexes (PMIs) in predicting short-term real GDP growth in the euro area, Japan, the United Kingdom, and China, as well as in the world economy. -
April 16, 2010
Senior Loan Officer Survey - First-Quarter 2010
The survey results point to an overall easing in business-lending conditions during the first quarter of 2010, following a stabilization of lending conditions in the last quarter of 2009. Both the price and non-price aspects of business lending eased during the first quarter. -
April 12, 2010
Business Outlook Survey - Spring 2010
On balance, firms expect sales growth to pick up over the next 12 months, and plan to increase investment spending and employment. Their investment plans are increasingly being targeted at expansion and at improving efficiency to promote future growth.