October 30, 2019 Monetary Policy Report – October 2019 The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021. Content Type(s): Publications, Monetary Policy Report
May 19, 2011 Supplementary article: Paying with Polymer: Developing Canada’s New Bank Notes Bank of Canada Review - Spring 2011 Charles Spencer In this article, author Charles Spencer reviews the complex process of developing the new series, which represents a dramatic change for Canada. The leading-edge security features made possible by the new substrate, the cost savings of the move to a polymer base and the environmental advantages of the new notes are also examined. Content Type(s): Publications, Bank of Canada Review articles
December 12, 2022 Putting the resolute in resolutions: Looking ahead to lower inflation Remarks Tiff Macklem Business Council of British Columbia Vancouver, British Columbia Bank of Canada Governor Tiff Macklem discusses the important lessons from 2022 and explains what the Bank is doing to restore price stability for Canadians. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
June 23, 2005 Credit Default Swaps and the Canadian Context Financial System Review - June 2005 Christopher Reid Content Type(s): Publications, Financial System Review articles
August 19, 2002 Models in Policy-Making Bank of Canada Review - Summer 2002 Donald Coletti, Stephen Murchison This article examines another strategy in the Bank's approach to dealing with an uncertain world: the use of carefully articulated models to produce economic forecasts and to examine the implications of the various risks to those forecasts. Economic models are deliberate simplifications of a complex world that allow economists to make predictions that are reasonably accurate and that can be easily understood and communicated. By using several models, based on competing paradigms, the Bank minimizes policy errors that could result from relying on one view of the world and one philosophy of model design. The authors review some of the models currently used at the Bank, as well as the role of judgment in the projection process. Content Type(s): Publications, Bank of Canada Review articles
Vertical Bargaining and Obfuscation Staff working paper 2022-13 Edona Reshidi Is obscuring prices always bad for consumers? The answer depends on the market structure and on the negotiating power between manufacturers and retailers. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C7, C70, L, L1, L13, L4, L42 Research Theme(s): Financial markets and funds management, Market structure, Models and tools, Economic models
August 14, 2025 The difference between a trade surplus and a trade deficit A trade surplus and a trade deficit are both measures of a country’s balance of trade. They are a calculation of whether a country exports or imports more. Content Type(s): Explainers Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
Global Real Activity for Canadian Exports: GRACE Staff discussion paper 2017-2 André Binette, Tony Chernis, Daniel de Munnik Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative. Content Type(s): Staff research, Staff discussion papers JEL Code(s): F, F1, F10, F14, F4, F43 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
April 1, 2019 Turbulent Times for Trade Remarks Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut Governor Poloz talks about slowing international trade and how Canada’s rapidly growing services industries can help drive exports and growth. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
September 14, 2016 (S)low for Long and Financial Stability Remarks Carolyn A. Wilkins Official Monetary and Financial Institutions Forum City Lecture London, United Kingdom Senior Deputy Governor Carolyn Wilkins discusses the financial stability risks associated with slow growth and low interest rates, and explores strategies to mitigate them. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economic models, Economy/Economic growth