Recent economic and financial developments

• November 28, 2016

  From Hewers of Wood to Hewers of Code: Canada’s Expanding Service Economy

  Remarks Stephen S. Poloz C.D. Howe Institute Toronto, Ontario

  Governor Stephen S. Poloz discusses how growth in Canada’s service sector is leading to high-paying jobs and helping complete the economic recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Economic models, Firm dynamics, Productivity, Recent economic and financial developments, Service sector
• October 19, 2016

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz, Carolyn A. Wilkins Ottawa, Ontario

  Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Housing, Inflation and prices, Interest rates, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• October 6, 2016

  Economic Trends and Monetary Policy

  Remarks Carolyn A. Wilkins Université du Québec à Trois-Rivières Trois-Rivières, Quebec

  Senior Deputy Governor Carolyn Wilkins talks about the major trends of the Canadian economy and how they affect monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Domestic demand and components, Inflation and prices, Monetary policy, Recent economic and financial developments, Regional economic developments

• The Global Benefits of Low Oil Prices: More Than Meets the Eye

  Staff Analytical Note 2016-13 Robert Fay, Justin-Damien Guénette, Louis Morel

  Between mid-2014 and early 2016, oil prices fell by roughly 65 per cent. This note documents the channels through which this oil price decline is expected to affect the global economy. One important and immediate channel is through higher expenditures, especially in net oil-importing countries.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, International topics, Recent economic and financial developments JEL Code(s): E, E3, E32, E37, F, F0, F01, Q, Q4, Q43

• Low for Longer? Why the Global Oil Market in 2014 Is Not Like 1986

  Staff Analytical Note 2016-11 Bahattin Buyuksahin, Reinhard Ellwanger, Kun Mo, Konrad Zmitrowicz

  In the second half of 2014, oil prices experienced a sharp decline, falling more than 50 per cent between June 2014 and January 2015. A cursory glance at this oil price crash suggests similarities to developments in 1986, when the price of oil declined by more than 50 per cent, initiating an episode of relatively low oil prices that lasted for more than a decade.

  Content Type(s): Staff research, Staff analytical notes Topic(s): International topics, Recent economic and financial developments JEL Code(s): E, E3, Q, Q4, Q41, Q43

• The US Labour Market: How Much Slack Remains?

  Staff Analytical Note 2016-9 Robert Fay, James Ketcheson

  Despite the US unemployment rate being close to estimates of the non-accelerating-inflation rate of unemployment (NAIRU), measures of underemployment remain elevated, which could be an indication of remaining labour market slack. The shares of involuntary part-time workers and long-term unemployment are high relative to the current stage of the business cycle, suggesting available labour inputs are being underutilized.

  Content Type(s): Staff research, Staff analytical notes Topic(s): International topics, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, J, J2, J21, J23
• July 13, 2016

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Carolyn A. Wilkins, Stephen S. Poloz Ottawa, Ontario

  Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Exchange rates, Inflation and prices, Interest rates, Monetary policy, Recent economic and financial developments, Regional economic developments
• June 15, 2016

  The Canadian Economy: A Progress Report

  Remarks Stephen S. Poloz Yukon Chamber of Commerce Whitehorse, Yukon

  Governor Stephen S. Poloz talks about the outlook for Canada’s economy and the adjustment to lower resource prices.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Domestic demand and components, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments
• April 26, 2016

  A New Balance Point: Global Trade, Productivity and Economic Growth

  Remarks Stephen S. Poloz Investment Industry Association of Canada and Securities Industry and Financial Markets Association New York, New York

  Governor Stephen S. Poloz talks about slowing international trade growth and the implications for productivity and the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Productivity, Recent economic and financial developments, Trade integration
• April 13, 2016

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz, Carolyn A. Wilkins Ottawa, Ontario

  Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy implementation, Recent economic and financial developments