October 26, 2009 Recent indicators point to the start of a global recovery from a deep, synchronous recession.
July 23, 2009 The global economy has suffered an intense, synchronous recession and considerable excess supply has opened up.
June 17, 2009 The Bank's Monetary Policy Report (MPR) has been published since May 1995. Currently, there are about 1,400 subscribers to the MPR. Some 6,100 readers are notified of its publication through Bank Messenger, an email alert service. Earlier this year, the Bank decided to seek formally, for the first time, readers' views on the MPR (its […]
April 22, 2009
In an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank’s January Monetary Policy Report Update, with weaker-than-expected activity in all major economies.
Errata: The source for Chart 1 (on page 3) is Global Insight, not the Bank of Canada. As well, in chart 15 (on page18), the base year for the exchange rate index CERI excluding the U.S. dollar should read 1992=100, not 1997=100.
January 22, 2009
The outlook for the global economy has deteriorated significantly since the October Monetary Policy Report. The financial crisis intensified last autumn and spilled over into an already weak global economy, which, in turn, put further strains on the financial system.
Erratum: In Table 1 Interest Rates, the column "Estimated variable mortgage rate" should read 5.65 per cent for 4 December 2007 not 5.25.