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 Research Topic(s): Labour markets, Potential output, Productivity JEL Code(s): E, E0, E00, E2, E23, E24, E3, E37, E6
June 16, 2021 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 Research Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
September 29, 2004 Bank of Canada Issues New $20 Bank Notes Media Relations Ottawa, Ontario "The $20 bank note is the most widely used note," said Bank of Canada Governor David Dodge. "It accounts for almost half of all bank notes in circulation, which is why we encourage Canadians to become familiar with its design and security features. Content Type(s): Press, Press releases
November 19, 2008 Governor Carney says the global financial system needs continuously open markets Media Relations London, United Kingdom In order to achieve a full recovery, the global financial system must have continuously open markets at its core, Bank of Canada Governor Mark Carney argued today in a speech to the Canada – United Kingdom Chamber of Commerce. Content Type(s): Press, Press releases
December 14, 2009 Reform of Securitization Financial System Review - December 2009 Jack Selody, Elizabeth Woodman Content Type(s): Publications, Financial System Review articles
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 Research Topic(s): Coronavirus disease (COVID-19), Domestic demand and components JEL Code(s): C, C2, C23, D, D1, D12, E, E6, E65, I, I1, I18
Calculating Effective Degrees of Freedom for Forecast Combinations and Ensemble Models Staff Discussion Paper 2022-19 James Younker This paper derives a calculation for the effective degrees of freedom of a forecast combination under a set of general conditions for linear models. Computing effective degrees of freedom shows that the complexity cost of a forecast combination is driven by the parameters in the weighting scheme and the weighted average of parameters in the auxiliary models. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Econometric and statistical methods JEL Code(s): C, C0, C01, C02, C1, C13, C5, C50, C51, C52, C53
May 2, 2024 Bank of Canada Disclosure of Climate-Related Risks 2023 This report lays out elements of the Bank’s strategy related to climate change and details how the issue will be managed holistically across the organization, following the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures. Content Type(s): Publications, Disclosure of Climate-Related Risks
October 27, 2021 Labour market recovery from COVID‑19 COVID-19 has emphasized the complexity and diversity of the labour market – and the need to look at a broad range of measures to assess labour market health. View the indicators that track the recovery of the labour market from COVID-19.
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 Research Topic(s): Coronavirus disease (COVID-19), Financial markets, Market structure and pricing, Monetary policy and uncertainty JEL Code(s): E, E4, E44, E5, E58, G, G0, G01