Regional economic developments
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A Three‐Frequency Dynamic Factor Model for Nowcasting Canadian Provincial GDP Growth
This paper estimates a three‐frequency dynamic factor model for nowcasting Canadian provincial gross domestic product (GDP). Canadian provincial GDP is released by Statistics Canada on an annual basis only, with a significant lag (11 months). -
June 12, 2017
Canadian Economic Update: Strength in Diversity
Senior Deputy Governor Carolyn A. Wilkins talks about encouraging signs that growth is broadening across Canada’s regions and sectors. -
June 8, 2017
Release of the Financial System Review
Press conference following the release of the Financial System Review. -
Assessing the Business Outlook Survey Indicator Using Real-Time Data
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. -
December 15, 2016
Release of the Financial System Review
Press conference following the release of the Financial System Review. -
Supervising Financial Regulators
How much discretion should local financial regulators in a banking union have in accommodating local credit demand? I analyze this question in an economy where local regulators privately observe expected output from high lending. They do not fully internalize default costs from high lending since deposit insurance cannot be priced fairly. -
October 6, 2016
Economic Trends and Monetary Policy
Senior Deputy Governor Carolyn Wilkins talks about the major trends of the Canadian economy and how they affect monetary policy. -
July 13, 2016
Monetary Policy Report Press Conference Opening Statement
Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
June 15, 2016
The Canadian Economy: A Progress Report
Governor Stephen S. Poloz talks about the outlook for Canada’s economy and the adjustment to lower resource prices.