Anticipated Technology Shocks: A Re‐Evaluation Using Cointegrated Technologies Staff working paper 2017-11 Joel Wagner Two approaches have been taken in the literature to evaluate the relative importance of news shocks as a source of business cycle volatility. The first is an empirical approach that performs a structural vector autoregression to assess the relative importance of news shocks, while the second is a structural-model-based approach. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E32 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, Digitalization and productivity
April 4, 2017 Release of the 2016 Bank of Canada FMI Oversight Activities Annual Report The Bank of Canada today published the 2016 annual report on its oversight of payment clearing and settlement systems, which are also known as financial market infrastructures or FMIs. Content Type(s): Press, Market notices
April 3, 2017 Public consultation results for the Canada 150 commemorative $10 note Highlights and comprehensive reports related to the consultation process for the $10 bank note commemorating the 150th anniversary of Confederation.
April 3, 2017 Business Outlook Survey - Spring 2017 The results of the spring Business Outlook Survey reflect signs of a further strengthening of domestic demand following overall subdued activity over the past two years. This outlook is supported by foreign demand and an expected rebound in activity in energy-producing regions. Content Type(s): Publications, Business Outlook Survey
Assessing the Business Outlook Survey Indicator Using Real-Time Data Staff discussion paper 2017-5 Lise Pichette, Marie-Noëlle Robitaille Every quarter, the Bank of Canada conducts quarterly consultations with businesses across Canada, referred to as the Business Outlook Survey (BOS). A principal-component analysis conducted by Pichette and Rennison (2011) led to the development of the BOS indicator, which summarizes survey results and is used by the Bank as a gauge of overall business sentiment. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C5, C53, C8, C82, E, E3, E37 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models, Monetary policy, Real economy and forecasting
April 3, 2017 Senior Loan Officer Survey - First Quarter of 2017 Survey results suggest that overall business-lending conditions were essentially unchanged during the first quarter of 2017. This is the third consecutive quarter of unchanged lending conditions. Content Type(s): Publications, Senior Loan Officer Survey
March 31, 2017 Research Update - March 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
March 31, 2017 Weekly Financial Statistics - 31 March 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
What Explains the Recent Increase in Canadian Corporate Bond Spreads Staff analytical note 2017-2 Maxime Leboeuf, James Pinnington The spread between the yield of a corporate bond and the yield of a similar Government of Canada bond reflects compensation for possible default by the issuing firm and compensation for additional risks beyond default. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Estimation of the Total Private Cost for Large Businesses Technical report No. 110 Valéry Dongmo Jiongo The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods faced low response rates and outliers in sample data for two of its retailer strata: chains and large independent businesses. This technical report investigates whether it is appropriate to combine these two strata to produce more accurate estimates of the total private cost to large businesses of the main payment methods. Content Type(s): Staff research, Technical reports JEL Code(s): C, C1, C12, C8, C83 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Retail payments