Exports and the Exchange Rate: A General Equilibrium Perspective Staff working paper 2022-18 Patrick Alexander, Abeer Reza How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F3, F31, F32, F33, F4, F41 Research Theme(s): Financial markets and funds management, International markets and currencies, Models and tools, Economic models, Structural challenges, International trade, finance and competitiveness
June 26, 2001 Bank of Canada Governor says Canada's monetary policy approach works Media Relations Edmonton, Alberta The Governor stressed that the real value of a floating currency for Canada is that it helps absorb some of the impact of external shocks that affect Canada differently than the United States because of important differences in the economic structures of the two nations. Content Type(s): Press, Press releases
October 14, 2012 Statement by Bank of Canada Governor Mark Carney on the Passing of Former Governor James E. Coyne Media Relations Ottawa, Ontario The Bank of Canada mourns the passing of its former Governor, James Coyne, who died on 12 October. Content Type(s): Press, Press releases
December 23, 2013 Deputy Governor John Murray to Retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor John Murray will retire on 30 April 2014. Content Type(s): Press, Press releases
February 6, 2019 Taking Precautions: The Canadian Approach to Foreign Reserves Management Remarks Timothy Lane Peterson Institute for International Economics Washington, D.C. Deputy Governor Timothy Lane discusses how Canada manages its foreign exchange reserves. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Funds management
September 10, 2010 Restoring Faith in the International Monetary System Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead. Content Type(s): Press, Speeches and appearances, Remarks
Assessing Global Potential Output Growth Staff analytical note 2017-3 Patrick Alexander, Michael Francis, Christopher Hajzler, Patrick Kirby, Louis Poirier, Sri Thanabalasingam, Kristina Hess This note estimates potential output growth for the global economy through 2019. While there is considerable uncertainty surrounding our estimates, overall we expect global potential output growth to rise modestly, from 3.1 per cent in 2016 to 3.4 per cent in 2019. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E1, E10, E2, E20, O, O4 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
April 14, 2010 Core functions Learn all about the main areas of responsibility of the Bank of Canada.
March 1, 2005 Bank of Canada keeps target for the overnight rate at 2 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. Content Type(s): Press, Press releases
November 15, 2017 Uncertainty can affect monetary policy actions, says Senior Deputy Governor Wilkins Media Relations New York, New York Uncertainty is an important consideration for monetary policy decisions and, depending on the circumstances, it can prompt central banks to be more, or less, aggressive, Senior Deputy Governor Carolyn A. Wilkins told the Money Marketeers of New York University in a speech today. “Central bankers have well-established methods to deal with uncertainty in the conduct […] Content Type(s): Press, Press releases