Posts

• Non-Resident Taxes and the Role of House Price Expectations

  Staff Analytical Note 2019-8 Mikael Khan, Matthieu Verstraete

  In recent years, the governments of Ontario and British Columbia have imposed taxes on purchases by non-Canadian residents of residential properties in certain jurisdictions.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial stability, Housing JEL Code(s): D, D8, D84, R, R2, R21
• March 14, 2019

  Global leverage makes financial system vulnerable, Senior Deputy Governor Wilkins says

  Media Relations Vancouver, British Columbia

  Global debt is now US$100 trillion higher than just before the financial crisis and more than three times global gross domestic product (GDP), presenting a headwind to growth and making the financial system vulnerable, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• March 14, 2019

  The Age of Leverage

  Remarks Carolyn A. Wilkins UBC Vancouver School of Economics and CFA Society Vancouver Vancouver, British Columbia

  Senior Deputy Governor Carolyn A. Wilkins discusses how high leverage is both a headwind to global growth and a vulnerability in the global financial system.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Balance of payments and components, Credit risk management, Financial institutions, Financial stability, Financial system regulation and policies, Fiscal policy
• March 12, 2019

  2019 Fellowship Program: Award recipients

  The Bank of Canada is pleased to announce the 2019 recipients of the Bank’s Fellowship Award and Governor’s Award.
• March 8, 2019

  Bank of Canada names winners of women’s scholarship award

  Media Relations Ottawa, Ontario

  The Bank of Canada marked International Women’s Day by announcing the 2018-2019 recipients of its Master’s Scholarship Award for Women in Economics and Finance.

  Content Type(s): Press, Press releases
• March 7, 2019

  Economic Progress Report: Sensible Shifts in Household Spending

  Remarks Lynn Patterson Hamilton Chamber of Commerce Hamilton, Ontario

  Deputy Governor Lynn Patterson discusses updates on the economy and reviews the latest interest rate decision.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Housing, Inflation and prices, Recent economic and financial developments
• March 7, 2019

  Spending shifts and consumer caution

  Speech summary Lynn Patterson Hamilton Chamber of Commerce Hamilton, Ontario

  Speaking a day after we decided to hold interest rates unchanged, Deputy Governor Lynn Patterson discussed the key points Governing Council considered in their decision.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Housing, Inflation and prices, Recent economic and financial developments

• Do Survey Expectations of Stock Returns Reflect Risk Adjustments?

  Staff Working Paper 2019-11 Klaus Adam, Dmitry Matveev, Stefan Nagel

  Motivated by the observation that survey expectations of stock returns are inconsistent with rational return expectations under real-world probabilities, we investigate whether alternative expectations hypotheses entertained in the literature on asset pricing are consistent with the survey evidence.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Economic models, Financial markets JEL Code(s): G, G1, G10, G12
• March 6, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

  Content Type(s): Press, Press releases
• February 28, 2019

  Research Update - February 2019

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters