September 14, 2000 Bank of Canada Governor reviews economic developments and outlines proposed new arrangements for announcing interest rate changes Media Relations Calgary, Alberta In a speech to the Calgary Chamber of Commerce today, Bank of Canada Governor Gordon Thiessen gave an update on the Bank's outlook for the Canadian economy. He also outlined plans to move to a system of pre-set dates for announcing changes in official interest rates as part of the Bank's ongoing efforts to improve […] Content Type(s): Press, Press releases
December 15, 2000 The Federal Government's Use of Interest Rate Swaps and Currency Swaps Bank of Canada Review - Winter 2000-2001 John Kiff, Uri Ron, Shafiq K. Ebrahim Interest rate swaps and currency swaps are contracts in which counterparties agree to exchange cash flows according to a pre-arranged formula over a period of time. Since 1985, the federal government has been using such swaps to manage its liabilities in a cost-effective and flexible manner. The authors outline the characteristics of swap agreements and the ways in which the government uses them. They show that the swap program has been cost-effective, estimating that past and projected savings exceed $500 million. The authors also discuss the methods that the government uses to monitor the counterparty credit risk associated with these transactions. Content Type(s): Publications, Bank of Canada Review articles
October 26, 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 We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. Content Type(s): Press, Speeches and appearances, Opening statements
October 5, 2010 Reflections on Monetary Policy After the Great Recession Remarks Tiff Macklem International Finance Club of Montréal Montréal, Quebec As a native Montrealer, I am particularly pleased to be coming home to deliver my first speech as Senior Deputy Governor of the Bank of Canada. Content Type(s): Press, Speeches and appearances, Remarks
October 3, 2023 Understanding the unusual: How firms set prices during periods of high inflation Remarks Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Deputy Governor Nicolas Vincent discusses how firms set their prices and how pricing behaviour changed in our recent environment of high inflation. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
September 30, 2017 Research Update - September 2017 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
March 26, 2013 Toward a Stronger Financial Market Infrastructure for Canada: Taking Stock Remarks Agathe Côté Association for Financial Professionals of Canada (Montreal Chapter) Montréal, Quebec Deputy Governor Agathe Côté discusses accomplishments and work still to do by public and private sector stakeholders to make financial market infrastructure more resilient. Content Type(s): Press, Speeches and appearances, Remarks
June 25, 2005 Changes in the Indicator Properties of Narrow Monetary Aggregates Bank of Canada Review - Summer 2005 Tracy Chan, Ramdane Djoudad, Jackson Loi Although many countries have abandoned monetary targeting in recent decades, monetary aggregates are still useful indicators of future economic activity. Past research has shown that, compared with other monetary aggregates and expressed in real terms, net M1 and gross M1 have traditionally provided superior leading information for output growth. Content Type(s): Publications, Bank of Canada Review articles
The Trend Unemployment Rate in Canada: Searching for the Unobservable Staff working paper 2019-13 Dany Brouillette, Marie-Noëlle Robitaille, Laurence Savoie-Chabot, Pierre St-Amant, Bassirou Gueye, Elise Nelson In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We also consider improvements and extensions to some existing methods. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C5, C52, C53, E, E2, E24, E27 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
August 19, 2011 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Thank you for this opportunity to appear here today. Recent Economic and Financial Developments In recent weeks, several downside risks to the Bank’s July Monetary Policy Report (MPR) projection have been realised. The European sovereign crisis has intensified, the U.S. credit rating has been downgraded, and a broad range of data has signalled slower global […] Content Type(s): Press, Speeches and appearances, Opening statements