June 27, 2018 Let Me Be Clear: From Transparency to Trust and Understanding Remarks Stephen S. Poloz Greater Victoria Chamber of Commerce Victoria, British Columbia Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Financial markets, Inflation targets, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
An Overview of the Indigenous Economy in Canada Staff Discussion Paper 2023-25 Alex Chernoff, Calista Cheung Several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades. Yet, institutional settings and gaps in infrastructure and financing continue to hinder their economic progress. Recent efforts have helped address some data gaps, and new institutions are helping Indigenous communities to overcome historic barriers to growth. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Central bank research, Development economics, Financial services, Labour markets, Monetary policy transmission, Regional economic developments JEL Code(s): E, E0, E01, E02, N, N4, N41, N42, O, O4, O43, P, P4, P48
Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence Staff Discussion Paper 2015-9 Laurence Savoie-Chabot, Mikael Khan In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Exchange rates, Inflation and prices JEL Code(s): E, E3, E31, E5, E52, F, F3, F31
June 1, 2004 The Evolving Financial System and Public Policy: Conference Highlights and Lessons Financial System Review - June 2004 Pierre St-Amant, Carolyn A. Wilkins Content Type(s): Publications, Financial System Review articles
December 10, 2007 Reflections on Developments in the Canadian Financial System Remarks David Dodge Canadian Club of Toronto and the Empire Club of Canada Toronto, Ontario It has become a tradition that I deliver a speech late in the year on issues related to the financial system. When I say "financial system," I mean financial institutions and markets, together with the clearing and settlement systems through which financial assets flow. Content Type(s): Press, Speeches and appearances, Remarks
September 15, 2008 The Effects of Recent Relative Price Movements on the Canadian Economy Bank of Canada Review - Autumn 2008 David Dupuis, Philippe Marcil Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Productivity, Recent economic and financial developments
State Space and ARMA Models: An Overview of the Equivalence Staff Working Paper 1993-00 Paul Gilbert In this paper known results about the equivalence of state space and autoregressive moving-average models with exogenous inputs (ARMAX) (including vector auto-regressive or VAR models) are reviewed. While most of these results are not new, no single reference appears to bring together several important related points. Content Type(s): Staff research, Staff working papers
October 29, 2014 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. I am pleased to introduce you to Carolyn Wilkins, who assumed the post of Senior Deputy Governor of the Bank of Canada on 2 May of this year. Before we take your questions, let me give you some of the highlights of the economic outlook. I’ll draw mainly […] Content Type(s): Press, Speeches and appearances, Opening statements
January 29, 2000 Annual Report 1999 The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards. Content Type(s): Publications, Annual Report
August 24, 2011 The Role of the G-20 in Sustaining the Recovery and Protecting Financial Stability Remarks Tiff Macklem Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) Mumbai, India In his speech, Senior Deputy Governor Tiff Macklem discusses the G-20 reform agenda to achieve durable financial stability and sustainable and balanced economic growth. Content Type(s): Press, Speeches and appearances, Remarks