Implementing Cross-Border Interbank Lending in BoC-GEM-FIN Staff discussion paper 2016-19 Malik Shukayev, Argyn Toktamyssov BIS interbank lending data show that the Great Recession generated large and persistent changes in the international interbank lending positions of various countries. The main objective of this study is to understand the role of changes in international interbank credit flows in transmitting shocks across borders. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E27, E3, E37, F, F4, F47 Research Theme(s): Financial system, Financial institutions and intermediation, Models and tools, Economic models, Structural challenges, International trade, finance and competitiveness
September 6, 2006 Bank of Canada keeps target for the overnight rate at 4 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. Content Type(s): Press, Press releases
April 20, 2026 Canadian Survey of Consumer Expectations—First Quarter of 2026 Results of the first-quarter 2026 survey, conducted before the war in the Middle East, show that concerns about high prices and economic uncertainty continue to weigh on consumers’ spending plans. Even so, consumers, particularly those working in trade-sensitive sectors, became less negative about spending than in the previous quarter, and the CSCE indicator rose slightly reflecting this improvement in spending plans. Concerns about job losses remain elevated and increased among workers in sectors where artificial intelligence poses a greater risk of task replacement. Results of a special survey conducted after the war in the Middle East began suggest that most households expect the conflict to weaken the Canadian economy and raise prices. Content Type(s): Publications, Canadian Survey of Consumer Expectations
Understanding Firms’ Inflation Expectations Using the Bank of Canada’s Business Outlook Survey Staff working paper 2016-7 Simon Richards, Matthieu Verstraete Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada’s Business Outlook Survey, spanning the 2001 to 2015 period. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C2, C25, D, D2, D21, D8, D84, E, E3, E31, E5, E52, E58 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
May 28, 2026 Financial Stability Report—2026—Financial markets The war in the Middle East has led to periods of increased volatility and reduced liquidity in certain markets, particularly in energy. Nevertheless, markets have generally remained resilient. Equity valuations are still elevated, and credit spreads are compressed.
December 21, 2018 Business Outlook Survey—Winter 2018 Results from the winter Business Outlook Survey continue to indicate positive business sentiment and elevated capacity pressures in most regions. For firms in the Prairies, the outlook has weakened. Content Type(s): Publications, Business Outlook Survey
December 21, 2023 How higher interest rates affect inflation When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 29, 2016 Research Update - July 2016 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
April 12, 2023 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
November 3, 2014 The Legacy of the Financial Crisis: What we know, and what we don’t Remarks Stephen S. Poloz The Canadian Council for Public-Private Partnerships (CCPPP) Toronto, Ontario Bank of Canada Governor Stephen S. Poloz discusses the legacy of the financial crisis, what we know and what we don’t. Content Type(s): Press, Speeches and appearances, Remarks