March 8, 2018
Posts
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March 7, 2018
Bank of Canada maintains overnight rate target at 1 1/4 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. -
March 7, 2018
Bank of Canada Interest Rate Announcement
On Wednesday, March 7, 2018, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. -
Is the Excess Bond Premium a Leading Indicator of Canadian Economic Activity?
This note investigates whether Canadian corporate spreads and the excess bond premium (EBP) lead Canadian economic activity. Indeed, we find that corporate spreads precede changes in real gross domestic product (GDP) in Canada over the subsequent year. The EBP accounts for most of this property. Further, an unanticipated increase in the Canadian EBP forecasts a deterioration of domestic macroeconomic conditions: a 10-basis-point increase results in a fall in both GDP and consumer price index (CPI) of 0.4 per cent and 0.1 per cent, respectively, over three years. -
March 5, 2018
Inaugural recipients of Master’s Scholarship Award for Women in Economics and Finance announced
The Bank of Canada is pleased to announce the first ever recipients of its Master’s Scholarship Award for Women in Economics and Finance. -
March 1, 2018
Central Bank of the Year Award
Governor Stephen S. Poloz accepts the Central Bank of the Year award from Central Banking.
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