February 24, 2023 The lifespan of a bank note At the Bank of Canada, we assessed the life cycle of bank notes to confirm that polymer notes have a smaller environmental footprint than paper notes. Polymer notes have a longer life and then are recycled. Content Type(s): Explainers Subject(s): Currency, Bank notes
March 26, 2011 The Paradigm Shifts: Global Imbalances, Policy, and Latin America Remarks Mark Carney Inter-American Development Bank Calgary, Alberta Globalization is the opportunity and the challenge of our age. It has the potential to lift billions out of poverty, vastly expand economic prospects, and develop a more diverse and resilient global economy. Content Type(s): Press, Speeches and appearances, Remarks
August 25, 2023 Quarterly Financial Report - Second Quarter 2023 Quarterly Financial Report - Second Quarter 2023 - For the period ended June 30, 2023 Content Type(s): Publications, Quarterly Financial Report
April 27, 2010 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Content Type(s): Press, Speeches and appearances, Opening statements
Global Commodity Markets and Rebalancing in China: The Case of Copper Staff discussion paper 2019-3 Jeannine Bailliu, Doga Bilgin, Kun Mo, Kurt Niquidet, Benjamin Sawatzky Given that China accounts for about half of global copper consumption, it is reasonable to expect that any significant change in Chinese copper consumption will have an impact on the global market. Content Type(s): Staff research, Staff discussion papers JEL Code(s): O, O1, O13, O14, Q, Q0, Q02 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
May 4, 2007 The Importance of Appropriate Exchange Rate Regimes Remarks David Dodge ACI - The Financial Markets Association Montréal, Quebec Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed. Content Type(s): Press, Speeches and appearances, Remarks
January 22, 2001 Bank of Canada Governor says Canada's economy faces the future with sound foundations Media Relations Toronto, Ontario In a speech to the Canadian Club of Toronto, Bank of Canada Governor Gordon Thiessen reviewed Canada's economic performance during the 1990s, focusing on the changes that have taken place in our economy and what these changes mean for the future. Content Type(s): Press, Press releases
Understanding the Time Variation in Exchange Rate Pass-Through to Import Prices Staff discussion paper 2017-12 Rose Cunningham, Min Jae Kim, Christian Friedrich, Kristina Hess In this paper, we analyze the presence of time variation in the pass-through from the nominal effective exchange rate to import prices for 24 advanced economies over the period 1995–2015. In line with earlier studies in the literature, we find substantial heterogeneity in the level of exchange rate pass-through across countries. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E3, E31, F, F3, F31, F4, F41 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness
Exploring Wage Phillips Curves in Advanced Economies Staff discussion paper 2019-8 Rose Cunningham, Vikram Rai, Kristina Hess We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C3, C33, E, E3, E31, E32 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, Demographics and labour supply
May 30, 2013 Research Update - May 2013 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