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
2020 US Neutral Rate Assessment Staff discussion paper 2020-12 James Bootsma, Thomas J. Carter, Xin Scott Chen, Christopher Hajzler, Argyn Toktamyssov This paper presents Bank of Canada staff’s current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
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
September 16, 2019 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2019 Media Relations Ottawa, Ontario During the month of April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries. This worldwide effort was coordinated by the Bank for International Settlements (BIS) and is undertaken every three years. Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
June 15, 2016 Canadian economy making progress, Governor Poloz says Media Relations Whitehorse, Yukon The Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
January 19, 2011 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated. Private domestic demand in the United States has picked up and will be reinforced by recently announced monetary and fiscal stimulus. Content Type(s): Press, Speeches and appearances, Opening statements
October 25, 2006 The Global Economic Landscape and the Implications for Ontario Remarks David Dodge 2006 Ontario Economic Leadership Summit Niagara-on-the-Lake, Ontario How can we develop human capital to its fullest potential, and retain that capital? How can we foster research, innovation, and commercialization in this province? How can we improve Ontario's competitiveness in the global marketplace? Content Type(s): Press, Speeches and appearances, Remarks
April 13, 2022 Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. Content Type(s): Press, Press releases
October 25, 2023 Monetary Policy Report – October 2023 Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank projects that inflation will stay around 3½% until the middle of 2024, returning to target in 2025. Content Type(s): Publications, Monetary Policy Report
Competition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China Staff working paper 2023-43 Youming Liu This paper studies the music streaming industry and argues that having exclusive rights granted by copyright law drives firms to offer exclusive content to lock in customers. I employ theoretical and descriptive empirical analysis, along with a dynamic structural model, to support the argument and explore policies for improving competition. Content Type(s): Staff research, Staff working papers JEL Code(s): L, L1, L13, L4, L42, L5, L51 Research Theme(s): Financial markets and funds management, Market structure, Models and tools, Econometric, statistical and computational methods, Structural challenges, Digitalization and productivity