January 24, 2008
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its January Monetary Policy Report Update.
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January 24, 2008
Monetary Policy Report Update – January 2008
The Canadian economy grew broadly in line with the Bank’s expectations in the second half of 2007. -
January 24, 2008
Release of the Monetary Policy Report Update
The Canadian economy continues to operate above its production capacity, despite some slowing in growth and inflation in the fourth quarter of 2007. Financial conditions have deteriorated since October, leading to tighter credit conditions in industrialized countries. -
January 22, 2008
Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 per cent. -
A Wave of Protectionism? An Analysis of Economic and Political Considerations
In light of the U.S. current account deficit, pressure is high on Asian countries to revalue their currencies. The calls from some U.S. policymakers for tariffs on imports from China has sparked fears that this could trigger a world-wide surge in protectionism. -
The Carry Trade, Portfolio Diversification, and the Adjustment of the Japanese Yen
In this paper, the author considers whether fundamentals or other factors can explain the yen's ongoing weakness. In particular, the importance of capital outflows due to the carry trade and longer-term portfolio investment outflows, which may be delaying the adjustment of the yen, are investigated. A simple portfolio model is developed, composed of a speculative […] -
An Overview of Carbon Markets and Emissions Trading: Lessons for Canada
The author provides an overview of carbon markets and explains how emissions trading can be important in encouraging the reduction of CO2 emissions in an efficient manner. He describes the key steps in establishing a cap-and-trade system, and reviews the European experiences with emissions trading. He highlights the lessons learned from the EU Emissions Trading […] -
January 18, 2008
Changes in Minimum Bank of Canada Nominal Bond Purchases at Auctions
Section 5.1 of the Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada's Balance Sheet states that "The Bank's holdings of Government of Canada nominal bonds and treasury bills are structured to broadly reflect the composition of the federal government's stock of nominal domestic marketable debt." -
January 15, 2008
Bank of Canada Review - Winter 2007-2008
Cover page
Roman Antoninianus
The coins form part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter, Ottawa. -
January 14, 2008
Business Outlook Survey - Winter 2007-08
Overall, firms remain positive about the outlook, with the results of the winter survey showing little change from those of the autumn survey. Nonetheless, firms reported more uncertainty in light of recent developments, most notably the volatility in the value of the Canadian dollar.