November 17, 2011 Extracting Information from the Business Outlook Survey: A Principal-Component Approach Bank of Canada Review - Autumn 2011 Lise Pichette, Lori Rennison This article reviews recent work that uses principal-component analysis to extract information common to indicators from the Bank of Canada’s Business Outlook Survey (BOS). The authors use correlation analysis and an out-of-sample forecasting exercise to assess and compare the information content of the principal component with that of responses to key individual survey questions on growth in real gross domestic product and in real business investment. Results suggest that summarizing the common movements among BOS indicators may provide useful information for forecasting near-term growth in business investment. For growth in real gross domestic product, however, the survey’s balance of opinion on future sales growth appears to be more informative. Content Type(s): Publications, Bank of Canada Review articles
May 24, 2024 Quarterly Financial Report - First Quarter 2024 Quarterly Financial Report - First Quarter 2024 - For the period ended March 31, 2024 Content Type(s): Publications, Quarterly Financial Report
March 18, 2020 Bank of Canada Policy for Buying and Selling Securities Under Subsection 18.1(1) of the Bank of Canada Act This policy sets out the range of securities and instruments that the Bank will use for certain types of transactions.
March 29, 2001 Changes to certain Bank of Canada operational procedures relating to the Large Value Transfer System and the use of purchases and sales of bankers' acceptances in managing the Bank of Canada's balance sheet The Bank of Canada is changing two of its operational procedures relating to the Large Value Transfer System (LVTS), effective 2 April 2001. Content Type(s): Press, Announcements
September 4, 2024 Monetary Policy Decision Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision. Content Type(s): Press, Speeches and appearances, Opening statements
January 3, 2024 Bank of Canada conducts Overnight Repo operation The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy. Content Type(s): Press, Market notices Source(s): Overnight repo operations
March 23, 2018 Bank of Canada announces recipients of 2018 Fellowship and Governor’s awards Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce that Stephen D. Williamson of Western University and Peter F. Christoffersen of the University of Toronto are the 2018 recipients of the Bank’s Fellowship Award. Content Type(s): Press, Press releases Source(s): Fellowship Program
April 30, 2015 Research Update - April 2015 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
News-Driven International Credit Cycles Staff working paper 2021-66 Galip Kemal Ozhan This paper examines the implications of positive news about future asset values that turn out to be incorrect at a later date in an open economy model with banking. The model captures the patterns of bank credit and current account dynamics in Spain between 2000 and 2010. The model finds that the use of unconventional policies leads to a milder bust. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E44, F, F3, F32, F4, F41, G, G1, G15, G2, G21 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit, Models and tools, Economic models, Structural challenges, International trade, finance and competitiveness