October 8, 2006 Modelling Financial Channels for Monetary Policy Analysis Bank of Canada Review - Autumn 2006 Ian Christensen, Ben Fung, Césaire Meh The Bank of Canada considers a wide range of information and analysis before making a monetary policy decision and uses carefully articulated models to produce economic projections and to examine alternative scenarios. This article describes an ongoing research agenda at the Bank to develop models in which financial variables play an active role in the transmission of monetary policy actions to economic activity. Such models can help to analyze information from the financial side of the economy and to provide an overall view of the implications of financial developments for the current economic outlook. The authors also explain how this research can help address other issues relevant to the objectives of monetary policy, including how asset-price movements should be taken into account in the monetary policy framework. Content Type(s): Publications, Bank of Canada Review articles
July 13, 2006 Monetary Policy Report Update – July 2006 Overall, the outlook for economic growth and inflation in Canada is largely unchanged from that set out in the April Monetary Policy Report. Content Type(s): Publications, Monetary Policy Report
January 22, 2009 Monetary Policy Report Update – January 2009 The outlook for the global economy has deteriorated significantly since the October Monetary Policy Report. The financial crisis intensified last autumn and spilled over into an already weak global economy, which, in turn, put further strains on the financial system. Erratum: In Table 1 Interest Rates, the column "Estimated variable mortgage rate" should read 5.65 per cent for 4 December 2007 not 5.25. Content Type(s): Publications, Monetary Policy Report
January 16, 2007 Monetary Policy Report Update – January 2007 The global economy has continued to expand robustly. However, U.S. economic growth slowed in 2006, with the weakness concentrated in the automotive and housing sectors. Content Type(s): Publications, Monetary Policy Report
November 14, 2013 Monetary Policy Decision Making at the Bank of Canada Bank of Canada Review - Autumn 2013 John Murray The process that the Bank of Canada follows to make its monetary policy decisions has evolved over time. This process is very information-intensive and collaborative, drawing on the expertise, judgment and analysis of many people. This article describes monetary policy decision making at the Bank, and discusses some common misconceptions about monetary policy and the process. Content Type(s): Publications, Bank of Canada Review articles
December 12, 2005 Our Approach to Monetary Policy: Inflation Targeting Remarks David Dodge Regina Chamber of Commerce Regina, Saskatchewan This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
June 26, 2001 Canada's Monetary Policy Approach: It Works for Canadians Remarks David Dodge Edmonton Chamber of Commerce Edmonton, Alberta The Bank of Canada's commitment is to contribute to the economic well-being of Canadians. This means conducting monetary policy so that it fosters sustained economic growth - by creating conditions that favour rising output, employment, and incomes, and a stable macroeconomic environment. Content Type(s): Press, Speeches and appearances, Remarks
October 21, 2004 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments. Content Type(s): Press, Press releases
September 14, 2000 The Outlook for the Canadian Economy and the Conduct of Monetary Policy Remarks Gordon Thiessen Calgary Chamber of Commerce Calgary, Alberta Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable. Content Type(s): Press, Speeches and appearances, Remarks
October 18, 2007 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases