Modelling the Macrofinancial Effects of a House Price Correction in Canada Staff analytical note 2018-36 Thibaut Duprey, Xuezhi Liu, Cameron MacDonald, Maarten van Oordt, Sofia Priazhkina, Xiangjin Shen, Joshua Slive We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E27, E3, E37, E4, E44, G, G2, G21 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Household and business credit, Models and tools, Economic models
Can the Business Outlook Survey Help Improve Estimates of the Canadian Output Gap? Staff discussion paper 2020-14 Calista Cheung, Luke Frymire, Lise Pichette We investigate whether questions in the Bank of Canada’s Business Outlook Survey can provide useful signals for the output gap. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E3 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
July 15, 2026 Monetary Policy Report—July 2026—Overview After a year of weakness, Canada’s economy is showing signs of improvement. Growth is expected to pick up, and inflation eases gradually from its recent peak. Uncertainty is still high.
October 24, 2024 Bank of Canada announces a change to Overnight Repo operations Effective Friday, October 25, 2024, the aggregate cash value amount offered in each Overnight Repo (OR) operation will change to a minimum of $8 billion. Content Type(s): Press, Market notices Source(s): Overnight repo operations
March 22, 2018 Bank of Canada Announces Lower Target for Settlement Balances to Reinforce the Target for the Overnight Rate Effective Thursday, 22 March 2018, the Bank is reducing the target for the minimum daily level of settlement balances to $250 million, from its current level of $500 million. Content Type(s): Press, Market notices
December 6, 2018 Governor Poloz speaks on financial vulnerabilities and risks to the economy Speech summary Stephen S. Poloz CFA - Toronto Toronto, Ontario In his final speech of 2018, Governor Stephen S. Poloz discusses the vulnerabilities and risks in Canada’s financial system as well as Canadian and global economic developments. He explains how all this was taken into account in the December interest rate decision. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
May 19, 2015 The Way Home: Reading the Economic Signs Remarks Stephen S. Poloz Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island Governor Poloz discusses some key indicators the Bank is watching as the Canadian economy heads toward sustainable balanced growth. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 1996 Canada and international financial institutions Bank of Canada Review - Autumn 1996 Robert Lafrance, James Powell International financial institutions, such as the International Monetary Fund, the World Bank and the Bank for International Settlements, are important players in the global financial system. This article provides an overview of the major international financial institutions to which Canada belongs. The paper highlights their activities and the nature of Canada's involvement, including that of the Bank of Canada. Recent initiatives coming out of the Halifax and Lyon Summits to improve the effectiveness of international financial institutions are also noted. Content Type(s): Publications, Bank of Canada Review articles