April 12, 2011 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
October 23, 2024 Bank of Canada reduces policy rate by 50 basis points to 3¾% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. Content Type(s): Press, Press releases
October 24, 2001 Bank of Canada Governor focuses on current and future economic challenges for Canada Media Relations Moncton, New Brunswick As we all strive to come to terms with this tragedy and its implications, it is understandable that our immediate preoccupation is with near-term issues, he said. Nonetheless, it is "critically important that we maintain a sense of perspective - that we step back and look past current developments, focusing also on the longer-term trends in our economy and its potential." Content Type(s): Press, Press releases
December 13, 1998 Survey of the Canadian foreign exchange and derivatives markets Bank of Canada Review - Winter 1998-1999 Robert Ogrodnick, Judy DiMillo In April 1998, the Bank of Canada conducted its triennial survey of activity in the Canadian foreign exchange and derivatives markets. This was part of a coordinated international effort in which 43 countries carried out similar surveys. The foreign exchange market in Canada is the 11th largest in the world, and the Canadian dollar is the 7th most-traded currency globally. The average daily turnover of traditional foreign exchange transactions has grown by 23 per cent (to US$37 billion) since the last survey in 1995. Although this growth was substantial, the rate of increase has declined steadily since the survey began in 1983. The average daily turnover for single-currency interest rate derivatives during April 1998 was US$6.4 billion, an increase of 48 per cent over the previous survey. Content Type(s): Publications, Bank of Canada Review articles
April 22, 2008 Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. Content Type(s): Press, Press releases
Estimating the inflation risk premium Staff analytical note 2025-9 Bruno Feunou, Gitanjali Kumar Is there a risk of de-anchoring of inflation expectations in the near term? We estimate the inflation risk premium using traditional asset pricing models to answer this question. The risk of de-anchoring is elevated compared with the period before the COVID-19 pandemic and is higher in the United States than in Canada. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C2, C22, C5, C58, G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Models and tools, Econometric, statistical and computational methods, Economic models, Monetary policy, Inflation dynamics and pressures
January 21, 2010 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Paul and I are pleased to be here with you today to discuss the January Monetary Policy Report, which we published this morning. Content Type(s): Press, Speeches and appearances, Opening statements
December 6, 2012 The Canadian Approach to Central Clearing for Over-the-Counter Derivatives Financial System Review - December 2012 Nikil Chande, Jean-Philippe Dion, Darcey McVanel, Joshua Slive Content Type(s): Publications, Financial System Review articles
Understanding Inflation Dynamics: The Role of Government Expenditures Staff working paper 2023-30 Chang Liu, Yinxi Xie We study the impact government expenditure has on inflation. We find that changes in government expenditure account for a substantial portion of inflation variations. We also find that inflation and inflation expectations respond negatively to fiscal spending shocks, reaffirming the supply-side channel through which inflation responds to fiscal expansions. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E6, E62, E63 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures
A Financial Stability Analysis of Zombie Firms in Canada Staff analytical note 2020-3 Timothy Grieder, Juan Ortega We measure the prevalence of zombie firms in Canada and assess how they could potentially affect the financial system. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G3, G32 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit