Posts

• Real-Time Forecasts of the Real Price of Oil

  Staff Working Paper 2011-16 Christiane Baumeister, Lutz Kilian

  We construct a monthly real-time data set consisting of vintages for 1991.1-2010.12 that is suitable for generating forecasts of the real price of oil from a variety of models.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, E, E3, E32, Q, Q4, Q43
• July 26, 2011

  Bank of Canada Releases 2012 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its 2012 schedule of eight dates for announcing decisions on its key policy interest rate and four dates for the release of its Monetary Policy Report. The Bank also confirmed the announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 22, 2011

  Global Financial Reform: Maintaining the Momentum

  Remarks Tiff Macklem G-20 Workshop on 7 July 2011 Paris, France

  In his remarks entitled Global Financial Reform: Maintaining the Momentum, delivered to the G-20 workshop organized by the Australian Treasury in Paris on 7 July 2011, Senior Deputy Governor Tiff Macklem reviews the achievements toward a more resilient financial system and the challenges related to oversight and regulation, and reducing contagion and harmful spillovers.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 20, 2011

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 20, 2011

  Monetary Policy Report – July 2011

  

  The Canadian economy is projected to expand by 2.8 per cent in 2011, 2.6 per cent in 2012, and 2.1 per cent in 2013, returning to capacity in the middle of 2012. Total CPI inflation is expected to return to the 2 per cent target by the middle of 2012.

  Content Type(s): Publications, Monetary Policy Report
• July 19, 2011

  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
• July 12, 2011

  Business Outlook Survey - References

  Access reference material to accompany the Business Outlook Survey (BOS).
• July 11, 2011

  Senior Loan Officer Survey - Second-Quarter 2011

  The survey results point to an overall net easing in business-lending conditions. The balance of opinion regarding both price and non-price lending conditions showed the greatest degree of consensus on easing since the survey began in 1999.

  Content Type(s): Publications, Senior Loan Officer Survey
• July 11, 2011

  Business Outlook Survey - Summer 2011

  Businesses remain positive about the outlook for the next 12 months, despite more modest expectations for U.S. economic growth. Indicators of future sales and investment are moderately higher, and intentions to hire have become more widespread.

  Content Type(s): Publications, Business Outlook Survey

• The Role of Financial Speculation in Driving the Price of Crude Oil

  Staff Discussion Paper 2011-6 Ron Alquist, Olivier Gervais

  Over the past 10 years, financial firms have increased the size of their positions in the oil futures market. At the same time, oil prices have increased dramatically.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): International topics JEL Code(s): G, G1, G12, Q, Q4, Q41