What’s behind the slowdown in Toronto’s condo market Sparks at Bank article Benjamin Straus, Nishaad Rao Strong population growth, low interest rates and robust investor demand drove an expansion in Toronto’s condo market over the past decade. But times have changed. Toronto’s condos are no longer providing substantial returns for short-term investors because population growth has eased and interest rates have risen. This is challenging the business models of condo builders. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
November 14, 2005 Inflation Targeting in Canada: Design, Lessons, and Challenges Remarks David Dodge Conference on the occasion of the 80th anniversary of the Banco de Mexico Mexico City, Mexico Today, I want to share with all of you Canada's perspective on the design of an inflation-targeting system, some of the lessons we have learned over almost 15 years of experience with explicit inflation targets, and some of the challenges that remain. This topic is timely, because the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year, and I am pleased to note that, earlier today, the Government announced its intention to renew our agreement for another five years. Content Type(s): Press, Speeches and appearances, Remarks
March 4, 2020 Bank of Canada lowers overnight rate target to 1 ¼ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent. Content Type(s): Press, Press releases
October 24, 2019 How Canadians pay for things Kim Huynh From cash to contactless cards—what’s in our wallets? Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Currency, Bank notes, Digital currency, Financial system, Financial stability, Fintech
October 8, 2010 Senior Loan Officer Survey A quarterly survey of business-lending practices of major Canadian financial institutions.
The Share of Systematic Variations in the Canadian Dollar—Part II Staff analytical note 2017-1 Jean-Sébastien Fontaine, Guillaume Nolin This analytical note examines how much of the systematic variation in the Canadian dollar is attributable to its sensitivity to commodity prices. We introduce a new “oil” portfolio that captures systematic variations when the exchange rates of commodity exporters and commodity importers move in opposite directions. Content Type(s): Staff research, Staff analytical notes JEL Code(s): F, F3, F31 Research Theme(s): Financial markets and funds management, International markets and currencies
November 23, 2006 Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target Media Relations Ottawa, Ontario The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards. Content Type(s): Press, Press releases
Introducing Sparks at Bank Sparks at Bank article Sparks at Bank is a new platform for sharing insights, research and analysis from staff at the Bank of Canada. It’s designed for people who think deeply about the economy and policy but who also appreciate clarity and brevity. Content Type(s): Staff research, Sparks at Bank article
December 23, 2002 The CLS Bank: Managing Risk in Foreign Exchange Settlements Financial System Review - December 2002 Paul Miller, Carol Ann Northcott Content Type(s): Publications, Financial System Review articles
February 2, 2022 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements