Posts

• March 22, 2018

  Financial Stability: Taking Care of Unfinished Business

  Remarks Carolyn A. Wilkins Rotman School of Management conference Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses three areas in which work remains to be done to improve financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Financial stability, Monetary policy, Economic models, Inflation targeting framework
• March 22, 2018

  Bank of Canada Announces Lower Target for Settlement Balances to Reinforce the Target for the Overnight Rate

  Effective Thursday, 22 March 2018, the Bank is reducing the target for the minimum daily level of settlement balances to $250 million, from its current level of $500 million.

  Content Type(s): Press, Market notices
• March 21, 2018

  Bank of Canada announces creation of working group to develop new term risk-free interest rate benchmark

  The Bank of Canada today announced the creation of the Canadian Alternative Reference Rate Working Group (CARR), sponsored by the Canadian Fixed-Income Forum (CFIF), to identify and seek to develop a new term risk-free Canadian dollar interest rate benchmark.

  Content Type(s): Press, Market notices
• March 20, 2018

  Chartered banks: Total liabilities booked worldwide vis-à-vis non-residents (formerly C10)

  Quarter-end data on chartered bank non-residents’ foreign and Canadian currency liabilities.

• State Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models

  Staff working paper 2018-14 Luis Uzeda

  Implications for signal extraction from specifying unobserved components (UC) models with correlated or orthogonal innovations have been well investigated. In contrast, the forecasting implications of specifying UC models with different state correlation structures are less well understood.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, C15, C5, C51, C53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting

• Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey

  Staff working paper 2018-13 Patrick Alexander, Louis Poirier

  The impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014–2015 negative oil price shock using representative survey data from the Consumer Expenditure Survey.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D12, E, E2, E21, Q, Q4, Q43 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
• March 14, 2018

  Canadian Alternative Reference Rate Working Group

  CARR was created to ensure Canada’s interest rate benchmark regime is robust, relevant and effective in the years ahead. Following the successful completion of its mandate to transition the Canadian market from CDOR, CARR has been wound down.

• Asymmetric Risks to the Economic Outlook Arising from Financial System Vulnerabilities

  Staff analytical note 2018-6 Thibaut Duprey

  When financial system vulnerabilities are elevated, they can give rise to asymmetric risks to the economic outlook. To illustrate this, I consider the economic outlook presented in the Bank of Canada’s October 2017 Monetary Policy Report in the context of two key financial system vulnerabilities: high levels of household indebtedness and housing market imbalances.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C0, C01, C1, C11, C15, E, E1, E17, E3, E32, E37, E4, E44, E47, E5, E58, E6, E66, G, G0, G01, G1, G18 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit, Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
• March 13, 2018

  Government of Canada Direct Marketable Bonds: Details of unmatured outstanding issues

  Details of unmatured outstanding issues for global bonds and domestic marketable bonds, as at month-end.
• March 13, 2018

  Canadian economy carrying untapped potential, Bank of Canada Governor Poloz says

  Media Relations Kingston, Ontario

  The Canadian economy is carrying untapped potential that could prolong the expansion without causing inflation pressures, Governor Stephen S. Poloz said today. In a lecture at Queen’s University, Governor Poloz said that the Canadian economy is currently in the phase of the economic cycle where companies need to expand capacity to meet rising demand. “Growing […]

  Content Type(s): Press, Press releases