June 30, 2017 Research Update - June 2017 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
June 30, 2017 Business Outlook Survey - Summer 2017 Responses to the summer Business Outlook Survey suggest that business activity is continuing to gain momentum, buoyed by indications that domestic demand will improve further. Positive business prospects are increasingly widespread across regions and sectors. Content Type(s): Publications, Business Outlook Survey
June 30, 2017 Senior Loan Officer Survey - Second Quarter of 2017 Survey results for 2017Q2 suggest that overall business-lending conditions were essentially unchanged for the fourth consecutive quarter. Content Type(s): Publications, Senior Loan Officer Survey
June 29, 2017 Banking and Financial Statistics - June 2017 Content Type(s): Publications, Historical: Banking and Financial Statistics
June 28, 2017 Markets Calling: Intelligence Gathering at the Bank of Canada Remarks Lynn Patterson CFA Society Calgary Calgary, Alberta Deputy Governor Lynn Patterson discusses how the Bank gathers financial market intelligence and what it is learning. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Asset pricing, Credit and credit aggregates, Financial markets, Financial system regulation and policies, Monetary and financial indicators, Recent economic and financial developments Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Inflation targeting framework
June 27, 2017 FSB issues a report on the financial stability implications from FinTech This FSB press release announces that a working group chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins published a report analyzing the potential financial stability implications of fintech. Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
June 27, 2017 CFIF Meeting (June 27, 2017) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
Understanding Monetary Policy and its Effects: Evidence from Canadian Firms Using the Business Outlook Survey Staff working paper 2017-24 Matthieu Verstraete, Lena Suchanek This paper shows (i) that business sentiment, as captured by survey data, matters for monetary policy decisions in Canada, and (ii) how business perspectives are affected by monetary policy shocks. Measures of business sentiment (soft data) are shown to have systematic explanatory power for monetary policy decisions over and above typical Taylor rule variables. Content Type(s): Staff research, Staff working papers Research Topic(s): Firm dynamics, Interest rates, Monetary policy transmission JEL Code(s): D, D2, D22, E, E4, E44, E5, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting