June 9, 2016 Release of the Financial System Review Opening statement Stephen S. Poloz Ottawa, Ontario Press conference following the release of the Financial System Review. Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Credit and credit aggregates, Financial markets, Financial stability, Financial system regulation and policies, Housing, Sectoral balance sheet
June 9, 2016 Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher Media Relations Ottawa, Ontario The Financial System Review (FSR) concludes that the overall level of risk to Canada’s financial system is largely unchanged from six months ago. While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Bank highlights three vulnerabilities in the financial system: the elevated level of household indebtedness, imbalances in some regional housing markets and the fragility of liquidity in fixed-income markets. Content Type(s): Press, Press releases
June 4, 2016 Monetary/fiscal policy mix has implications for debt and financial stability, Governor Poloz says Media Relations Ottawa, Ontario In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability. Content Type(s): Press, Press releases
June 4, 2016 Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message Lecture Stephen S. Poloz Canadian Economics Association Ottawa, Ontario Governor Stephen S. Poloz discusses how the mix of monetary and fiscal policies in an economy has important implications for debt levels and financial stability over the medium term. Content Type(s): Press, Speeches and appearances, Lectures Research Topic(s): Central bank research, Economic models, Fiscal policy, Inflation targets, Monetary policy, Monetary policy framework
May 26, 2016 Bank of Canada announces appointment of Advisor in New York Office Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office. Content Type(s): Press, Press releases
May 25, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases