Uncategorized

• October 25, 2005

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge House of Commons Standing Committee on Finance

  Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Given these adjustments and the slow growth of productivity in recent years, the Bank has slightly reduced its estimate of potential output growth for 2005 and 2006.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 21, 2005

  Changes Regarding Noon Foreign Exchange Rates Effective 7 November 2005

  Beginning on 7 November 2005, the Bank of Canada will be implementing a number of changes directed towards achieving a more timely release of noon foreign exchange rates. These changes will be implemented on a six-month trial basis to allow the Bank to assess whether further refinements are required to ensure that these rates remain an accurate reflection of mid-day rates in wholesale markets.

  Content Type(s): Press, Market notices
• October 20, 2005

  Release of the Monetary Policy Report

  Opening statement David Dodge

  In the report, we said that the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 20, 2005

  Monetary Policy Report – October 2005

  

  The global economy has continued to grow at a robust pace since the July Monetary Policy Report Update.

  Content Type(s): Publications, Monetary Policy Report
• October 18, 2005

  Bank of Canada raises overnight rate target by 1/4 percentage point to 3 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 per cent.

  Content Type(s): Press, Press releases
• October 7, 2005

  Business Outlook Survey - Autumn 2005

  Firms overall remain positive about the economic outlook.

  Content Type(s): Publications, Business Outlook Survey

• Has Exchange Rate Pass-Through Really Declined in Canada?

  Staff Working Paper 2005-29 Hafedh Bouakez, Nooman Rebei

  Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Exchange rates, Inflation and prices, International topics JEL Code(s): F, F3, F4

• Inflation Dynamics and the New Keynesian Phillips Curve: An Identification-Robust Econometric Analysis

  Staff Working Paper 2005-27 Jean-Marie Dufour, Lynda Khalaf, Maral Kichian

  The authors use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips curve (NKPC) equation.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C5, C52, E, E3, E31

• Uninsured Idiosyncratic Production Risk with Borrowing Constraints

  Staff Working Paper 2005-26 Francisco Covas

  The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic production risk.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial institutions, Financial markets JEL Code(s): E, E2, E22, G, G1, G11, M, M1, M13
• September 22, 2005

  Financial System Efficiency: Getting the Regulatory Framework Right

  Remarks David Dodge Toronto CFA Society Toronto, Ontario

  The Bank of Canada has been contributing to the goal of an efficient financial system in a number of ways. The Bank's monetary policy aims to keep inflation low, stable, and predictable.

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