18 January 2017 Monetary Policy Report - January 2017The Canadian economy is expected to expand by 2.1 per cent this year and in 2018.
9 January 2017 Business Outlook Survey - Winter 2016-17The results of the winter Business Outlook Survey indicate that business prospects have improved following two years of overall modest activity. The responses reflect building domestic demand, a supportive export outlook and an expected recovery in energy-related activity.
9 January 2017 Senior Loan Officer Survey - Fourth-Quarter 2016Survey results suggest that overall business-lending conditions were essentially unchanged during the fourth quarter of 2016.
The Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities, by Don Coletti, Marc-André Gosselin and Cameron MacDonald, examines the increased importance of mortgage finance companies (MFCs) in the Canadian mortgage market. The authors discuss the MFC business model, highlighting MFCs’ relationship with mortgage brokers and banks, as well as the benefits they bring to Canadian borrowers. The authors conclude with a discussion of the impact of MFCs on financial system vulnerabilities.
15 December 2016 Monitoring Shadow Banking in Canada: A Hybrid Approach
In Monitoring Shadow Banking in Canada: A Hybrid Approach, Bo Young Chang, Michael Januska, Gitanjali Kumar and André Usche discuss how lending that occurs outside the traditional banking system provides benefits to the economy but must be monitored carefully for potential financial sector vulnerabilities. They describe how the Bank defines and measures shadow banking and how it assesses vulnerabilities in the sector, using an approach that examines both markets and entities.