October 18, 2021 Business Outlook Survey―Third Quarter of 2021 Firms anticipate stronger demand as pandemic conditions improve, according to results from the Business Outlook Survey in the third quarter of 2021. However, many businesses face supply constraints that will limit their sales and put upward pressure on their costs. Together, these demand pressures and supply challenges are driving widespread plans to invest, hire staff and increase prices. Content Type(s): Publications, Business Outlook Survey
June 15, 2015 Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – June 15, 2015 to July 22, 2018 The Bank of Canada, through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility
December 15, 2016 Financial System Review - December 2016 This issue of the Financial System Review reflects the Bank’s judgment that the overall level of risk to Canada’s financial system remains largely unchanged from six months ago. The Bank continues to highlight two key vulnerabilities related to Canadian households: high levels of indebtedness and housing market imbalances. A third ongoing vulnerability is the potential for fragility in fixed-income market liquidity. Content Type(s): Publications, Financial Stability Report
November 23, 2003 An Evaluation of Fixed Announcement Dates Bank of Canada Review - Autumn 2003 Nicolas Parent, Phoebe Munro, Ron Parker When it launched a new system for regularly announcing its decisions regarding the overnight rate of interest in December 2000, the Bank of Canada had a number of key objectives in mind. These included reduced uncertainty in financial markets, greater focus on the Canadian rather than the U.S. economic environment, more emphasis on the medium-term perspective of monetary policy, and increased transparency regarding the Bank's interest rate decisions. Evidence to date suggests that all four objectives have been met to a substantial degree. Fixed announcement dates have provided regular opportunities for the Bank to communicate its views on the state of the Canadian economy to the public. This has helped to improve understanding of the broad direction of monetary policy and of the rationale behind the Bank's policy decisions although the decisions themselves are not always fully anticipated. Content Type(s): Publications, Bank of Canada Review articles
July 19, 2010 Economic Research at the Bank of Canada, 1935-65 A retrospective of economic research at the Bank of Canada from 1935 to 1965. Content Type(s): Publications, Books and monographs
Recent Evidence on the Resiliency of Flexible Inflation Targeting Staff analytical paper 2026-23 Edoardo Briganti, Wei Dong, Olena Kostyshyna, Soyoung Lee, Florent Samson, Rodrigo Sekkel This paper assesses the resilience of flexible inflation targeting in the presence of large and persistent supply shocks. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E5, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission
January 9, 2020 Fireside Chat – Stephen S. Poloz, Governor Remarks Stephen S. Poloz Greater Vancouver Board of Trade Vancouver, British Columbia Governor Stephen S. Poloz talks about key issues for the Bank at the beginning of 2020. Content Type(s): Press, Speeches and appearances, Remarks
March 17, 2020 Summary of Deliberations of Governing Council, March 13, 2020 Governing Council’s decision to cut interest rates on Friday, 13 March, 2020 took place under unique circumstances. As such, Governing Council is offering this statement of its reasoning from the decision of March 13. Content Type(s): Press, Press releases
February 19, 2015 Inflation, Expectations and Monetary Policy Remarks Agathe Côté Association québécoise des technologies Mont-Tremblant, Quebec Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations. Content Type(s): Press, Speeches and appearances, Remarks
What we can learn by linking firms’ reported emissions with their financial data Staff analytical note 2023-4 Matthew Ackman, Timothy Grieder, Callie Symmers, Geneviève Vallée We analyze the financial statements and stock prices of publicly traded firms incorporated in Canada that report greenhouse gas emissions. We find that these firms primarily use equity financing. We also find that equity investors increasingly account for firms’ emissions when making investment decisions but the impact appears small. This suggests that assets exposed to climate change remain at risk of a sudden repricing. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G3, Q, Q5 Research Theme(s): Financial system, Financial stability and systemic risk, Structural challenges, Climate change