Posts

• March 12, 2012

  Indicators of capacity and inflation pressures for Canada

  These tables are updated one day after the Bank’s most recent announcement date for the target overnight rate, based on information available up to that date. Quarterly data, with graphs and definitions.
• March 9, 2012

  Weekly Financial Statistics - 9 March 2012

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• March 8, 2012

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• March 2, 2012

  Weekly Financial Statistics - 2 March 2012

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• February 24, 2012

  Weekly Financial Statistics - 24 February 2012

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• February 24, 2012

  A Monetary Policy Framework for All Seasons

  Remarks Mark Carney U.S. Monetary Policy Forum New York, New York

  Governor Mark Carney reviews the advantages of Canada’s flexible inflation-targeting regime.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 24, 2012

  Flexible Inflation Targeting Appropriate Framework for All Seasons, Says Bank of Canada Governor Mark Carney

  Media Relations New York, New York

  In a speech today to the U.S. Monetary Policy Forum, Bank of Canada Governor Mark Carney reviewed the advantages of Canada’s flexible inflation-targeting regime. Citing a “complex and continuously evolving world that no one can predict with certainty,” Governor Carney said that flexible inflation targeting “provides a robust framework for all seasons.” A flexible inflation-targeting […]

  Content Type(s): Press, Press releases
• February 24, 2012

  Banking and Financial Statistics - February 2012

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• February 23, 2012

  Bank of Canada Review - Winter 2011-2012

  

  This special issue, “Household Finances and Financial Stability,” examines recent Bank of Canada research into two interrelated facts: the steady increase in Canadian household indebtedness in recent decades, and the upward trend in real house prices in Canada since 2000. Rising house prices could lead to the accumulation of debt, and abrupt movements in either factor can influence the financial health of households, which are a central part of Canada’s economy.

  Content Type(s): Publications, Bank of Canada Review
• February 23, 2012

  What Explains Trends in Household Debt in Canada?

  Bank of Canada Review - Winter 2011-2012 Allan Crawford, Umar Faruqui

  Similar to the experiences in many other countries, household indebtedness in Canada has exhibited an upward trend over the past 30 years. Both mortgage and non-mortgage (consumer) credit have contributed to this development. In this article, the authors use microdata to highlight the main factors underlying the strong trend increase since the late 1990s. Favourable housing affordability, owing to factors such as income growth and low interest rates, has supported significant increases in home-ownership rates and mortgage debt. Much of the rise in consumer credit has been facilitated by higher housing values (used as collateral for loans) and financial innovation that makes it easier for households to access this credit.

  Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): D, D1, D12, D14, E, E5, E51