Posts

• October 30, 2018

  Toward 2021: Outreach

  To seek input on the monetary policy framework, the Bank consulted thousands of Canadians and hosted and attended conferences.

• Assessing Vulnerabilities in Emerging-Market Economies

  Staff discussion paper 2018-13 Tatjana Dahlhaus, Alexander Lam

  This paper introduces a new tool to monitor economic and financial vulnerabilities in emerging-market economies. We obtain vulnerability indexes for several early warning indicators covering 26 emerging markets from 1990 to 2017 and use them to monitor the evolution of vulnerabilities before, during and after an economic or financial crisis.

  Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C8, C82, F, F3, F34, G, G0, G01, G1, G15 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Structural challenges, International trade, finance and competitiveness
• October 30, 2018

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be with you today to discuss the Bank’s Monetary Policy Report. At the time of our last appearance in April, our message was about the considerable economic progress that we had seen. We explained that after a lacklustre start […]

  Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework

• Characterizing the Canadian Financial Cycle with Frequency Filtering Approaches

  Staff analytical note 2018-34 Andrew Lee-Poy

  In this note, I use two multivariate frequency filtering approaches to characterize the Canadian financial cycle by capturing fluctuations in the underlying variables with respect to a long-term trend. The first approach is a dynamically weighted composite, and the second is a stochastic cycle model.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C0, C01, C1, C13, C14, C18, C3, C32, C5, C51, C52, E, E3, E32, E6, E66, G, G0, G01, G1, G18 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Econometric, statistical and computational methods, Economic models
• October 26, 2018

  Staff economic projections

  These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.

• Multibank Holding Companies and Bank Stability

  Staff working paper 2018-51 Radoslav Raykov, Consuelo Silva-Buston

  This paper studies the relationship between bank holding company affiliation and the individual and systemic risk of banks. Using the 2005 hurricane season in the US as an exogenous shock to bank balance sheets, we show that banks that are part of a holding parent company are more resilient than independent banks.

  Content Type(s): Staff research, Staff working papers JEL Code(s): G, G1, G2 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk
• October 25, 2018

  Money for Nothing? A Central Banker’s Take on Cryptoassets

  Presentation Carolyn A. Wilkins Princeton University Princeton, New Jersey

  Senior Deputy Governor Carolyn A. Wilkins discusses cryptoassets and the key questions they pose for central banks.

  Content Type(s): Press, Speeches and appearances, Presentations Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth
• October 24, 2018

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Carolyn A. Wilkins

  Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 24, 2018

  Bank of Canada increases overnight rate target to 1 ¾ per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 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
• October 24, 2018

  Monetary Policy Report – October 2018

  

  The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.

  Content Type(s): Publications, Monetary Policy Report