Posts

• March 8, 2018

  Unveiling of New $10 Note

  Remarks Stephen S. Poloz Halifax, Nova Scotia

  Governor Stephen S. Poloz joins Minister Morneau and Wanda Robson at the unveiling of Canada’s new $10 note.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• March 7, 2018

  Bank of Canada maintains overnight rate target at 1 1/4 per cent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• 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.

  Content Type(s): Press, Media advisories

• Is the Excess Bond Premium a Leading Indicator of Canadian Economic Activity?

  Staff Analytical Note 2018-4 Maxime Leboeuf, Daniel Hyun

  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.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Financial markets JEL Code(s): E, E3, E32, E4, E44, G, G1, G12
• March 5, 2018

  Inaugural recipients of Master’s Scholarship Award for Women in Economics and Finance announced

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the first ever recipients of its Master’s Scholarship Award for Women in Economics and Finance.

  Content Type(s): Press, Press releases
• March 1, 2018

  Central Bank of the Year Award

  Remarks Stephen S. Poloz Central Banking Awards 2018 London, United Kingdom

  Governor Stephen S. Poloz accepts the Central Bank of the Year award from Central Banking.

  Content Type(s): Press, Speeches and appearances, Remarks