The survey, conducted between 9 and 16 December, pointed to a continued slight easing in overall business-lending conditions during the fourth quarter of 2013.
The financial crisis and the considerable uncertainty that has ensued are leading to a progressive redefinition of central banking, Bank of Canada Governor Stephen S. Poloz said today in a speech to the Canadian Club of Montréal. “We assess how risks could interact with each other. We gauge their potential impact. And we use judgment […]
There have been positive developments in the global financial system since the June Financial System Review, in part reflecting some encouraging signs about the global economy. At the same time, significant vulnerabilities remain. The Governing Council judges that the overall risk to the stability of Canada’s financial system has decreased from “high” to “elevated” over the past six months.
Senior Deputy Governor Tiff Macklem has announced that he will resign from the Bank of Canada next spring to become Dean of University of Toronto’s Rotman School of Management.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Thank you for the opportunity for Tiff and me to be with you today to discuss the October Monetary Policy Report, which the Bank published recently. The Bank aims to communicate our objectives openly and effectively and to stand accountable for our actions before Canadians. One of the best ways to do this is through […]
In his speech, Price Puzzles and the Exchange Rate, Deputy Governor John Murray discusses the exchange rate pass-through and how it affects prices of goods and services in Canada.