Uncategorized

• November 29, 2016

  Quarterly Financial Report - Third Quarter 2016

  Quarterly Financial Report - Third Quarter 2016 - For the period ended 30 September 2016

  Content Type(s): Publications, Quarterly Financial Report
• November 28, 2016

  Growth of the service sector is helping Canada’s economy return to full output, Governor Poloz says

  Media Relations Toronto, Ontario

  The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• November 28, 2016

  From Hewers of Wood to Hewers of Code: Canada’s Expanding Service Economy

  Remarks Stephen S. Poloz C.D. Howe Institute Toronto, Ontario

  Governor Stephen S. Poloz discusses how growth in Canada’s service sector is leading to high-paying jobs and helping complete the economic recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Economic models, Firm dynamics, Productivity, Recent economic and financial developments, Service sector
• November 25, 2016

  Weekly Financial Statistics - 25 November 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Capital Flows to Developing Countries: Is There an Allocation Puzzle?

  Staff Working Paper 2016-53 Josef Schroth

  Foreign direct investment inflows are positively related to growth across developing countries—but so are savings in excess of investment. I develop an explanation for this well-established puzzle by focusing on the limited availability of consumer credit in developing countries together with general equilibrium effects.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Foreign reserves management, Interest rates, International financial markets JEL Code(s): E, E1, E13, E2, E21, F, F4, F43

• Supervising Financial Regulators

  Staff Working Paper 2016-52 Josef Schroth

  How much discretion should local financial regulators in a banking union have in accommodating local credit demand? I analyze this question in an economy where local regulators privately observe expected output from high lending. They do not fully internalize default costs from high lending since deposit insurance cannot be priced fairly.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Regional economic developments JEL Code(s): E, E4, E44, G, G2, G28, H, H7
• November 25, 2016

  Bank of Canada announces finalists for the second annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  NOTE TO EDITORS: This press release has been revised to reflect the new date of the final round of The Governor’s Challenge, 4 February 2017.

  The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 24, 2016

  Banking and Financial Statistics - November 2016

  Content Type(s): Publications, Historical: Banking and Financial Statistics

• Central Bank Digital Currencies: A Framework for Assessing Why and How

  Staff Discussion Paper 2016-22 Ben Fung, Hanna Halaburda

  Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the economy, the financial system and central banks.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42
• November 24, 2016

  #bankNOTEable Canadian woman will be revealed on 8 December, Bank of Canada publishes short list of five

  Media Relations Ottawa, Ontario

  On Thursday, 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note, expected in 2018.

  Content Type(s): Press, Press releases