Potential output in Canada: 2020 reassessment Staff analytical note 2020-25 Dany Brouillette, Julien Champagne, Julien McDonald-Guimond After COVID-19, we expect potential output growth to stabilize around 1.2 percent. This is lower than the 2010–18 average growth of 1.8 percent. Relative to the April 2019 reassessment, the growth profile is revised down. Given the unknown course of the pandemic, uncertainty around these estimates is higher than in previous years. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E0, E00, E2, E23, E24, E3, E37, E6 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
2019 Cash Alternative Survey Results Staff discussion paper 2020-8 Kim Huynh, Gradon Nicholls, Mitchell Nicholson The role of cash in Canadians’ lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. We contribute to the Bank of Canada’s research on central bank digital currency by monitoring Canadians’ use of cash and their adoption of digital payment methods. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C1, C12, C9, E, E4, O, O5, O51 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech
September 30, 2015 Consultations on the Bank of Canada Emergency Lending Policies: Summary and Responses to Comments Received On 5 May 2015, the Bank of Canada published a consultation document entitled “Bank of Canada Emergency Lending Policies.” The consultation period ended on 4 July 2015. This page summarizes the comments received and the Bank of Canada’s responses to those comments.
January 14, 1997 Annual Report 1996 In 1996 inflation remained within the Bank’s target range but was subject to downward pressure. The low rate of inflation contributed to a major easing in monetary conditions, and interest rates reached their lowest level in 30 years. Content Type(s): Publications, Annual Report
A Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 Crisis Staff discussion paper 2023-9 Joshua Fernandes, Michael Mueller The COVID-19 pandemic placed unprecedented strain on the global financial system. We describe how the Bank of Canada responded to the rapidly deteriorating liquidity in core Canadian fixed-income markets. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E44, E5, E58, G, G0, G01 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
November 7, 2012 Release of the $20 Bank Note Remarks Mark Carney Canadian War Museum Ottawa, Ontario Governor Mark Carney announces the entry into circulation of the new $20 polymer bank notes. Content Type(s): Press, Speeches and appearances, Remarks
COVID-19, Containment and Consumption Staff discussion paper 2022-5 Tatjana Dahlhaus, Daniel Hyun, Antoine Poulin-Moore, Jaime Trujillo, Saarah Sheikh, Benjamin Straus We assess the impact of COVID-19 on consumption indicators by estimating the effects of government-mandated containment measures and of the willingness of individuals to voluntarily physically distance to prevent contagion. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C2, C23, D, D1, D12, E, E6, E65, I, I1, I18 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
March 6, 2010 By All Accounts By All Accounts is the fifth and final book in the Bank's souvenir history series. This volume presents a portrait of the Bank from the perspective of outside observers, showing how Canadians have perceived the performance of their central bank over the decades through the eyes of those who monitor its work on the public's behalf. Content Type(s): Publications, Books and monographs, Souvenir books
August 26, 2008 Work in Progress: The Bank of Canada's Response to the Financial Turbulence Remarks David Longworth Canadian Association for Business Economics Kingston, Ontario The financial turbulence over the past year has been costly and difficult for many individuals and financial institutions; it's been challenging for policy-makers; and it's had implications for the overall economy. Content Type(s): Press, Speeches and appearances, Remarks
May 27, 1999 Bank of Canada Announces Appointment of Senior Deputy Governor Media Relations The Board of Directors of the Bank of Canada announced today that, pursuant to Section 6 of the Bank of Canada Act, Malcolm Knight has been appointed Senior Deputy Governor of the Bank for a seven-year term, effective 5 July 1999. Content Type(s): Press, Press releases