May 30, 2019
Recent economic and financial developments
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May 30, 2019
Economic progress depends on business investment
Senior Deputy Governor Carolyn A. Wilkins talks about the importance of business investment to the Canadian economy and reviews the latest interest rate decision. -
Measuring Non-Financial Corporate Sector Vulnerabilities in Canada
The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada. -
Reassessing the Growth of HELOCs in Canada Using New Regulatory Data
Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs). -
May 6, 2019
Risk Sharing, Flexibility and the Future of Mortgages
Governor Poloz talks about Canada’s housing market and how the mortgage market could evolve to give Canadians more choice, make the economy more flexible and lower the level of financial system risk. -
May 6, 2019
Poloz talks mortgages: Innovation could improve flexibility
Stephen S. Poloz, Governor of the Bank of Canada, speaks before the Canadian Credit Union Association and the Winnipeg Chamber of Commerce. -
May 1, 2019
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce. -
April 30, 2019
Opening Statement before the House of Commons Standing Committee on Finance
Good morning, Mr. Chairman and committee members. Once again, Senior Deputy Governor Wilkins and I are pleased to be with you to talk about the Bank’s Monetary Policy Report (MPR), which we published last week. Six months ago, when we last appeared before this committee, we talked about some very positive developments. The Canadian economy […] -
Disentangling the Factors Driving Housing Resales
We use a recently developed model and loan-level microdata to decompose movements in housing resales since 2015. We find that fundamental factors, namely housing affordability and full-time employment, have had offsetting effects on resales over our study period. -
March 7, 2019
Economic Progress Report: Sensible Shifts in Household Spending
Deputy Governor Lynn Patterson discusses updates on the economy and reviews the latest interest rate decision.