Making sense of financial markets worth the effort, Governor Poloz says

Making sense of financial markets worth the effort, Governor Poloz says

It can be a challenge for central banks to reconcile their views of the economy with signals from financial markets, but the effort is worthwhile, Bank of Canada Governor Stephen S. Poloz said in a speech today. Differences between financial market action and a central bank economic forecast can often be reconciled with time, […]

Bank of Canada publishes staff economic projections for the first time

Bank of Canada publishes staff economic projections for the first time

Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. These projections serve as a key starting point for Governing Council’s quarterly Monetary Policy Report (MPR) forecasts and their policy interest rate decisions. “By making this data available, the Bank is taking […]

New to investing? Here’s how to get started

New to investing? Here’s how to get started

At dinner the other night, my 21-year-old grandson asked me for some financial advice. He has a job and is trying to save some money. He’d like to start investing, but he doesn’t know where to begin. Some of his friends had made money in marijuana stocks and he wondered if that might be worth […]

Money for Nothing? A Central Banker’s Take on Cryptoassets

Money for Nothing? A Central Banker’s Take on Cryptoassets

Senior Deputy Governor Carolyn A. Wilkins discusses cryptoassets and the key questions they pose for central banks, including their possible impact on monetary policy regimes and whether central banks should issue their own digital currencies.  She presented these slides while delivering a guest lecture at Princeton University on October 4, 2018. A video of the […]

Business Outlook Survey—Autumn 2018

Business Outlook Survey—Autumn 2018

Results of the Autumn 2018 Survey | Vol. 15.3 | October 15, 2018 Responses to the autumn Business Outlook Survey indicate that near-term business prospects continue to be robust. Strong demand and elevated capacity pressures support firms’ investment and employment intentions. Overview Building on an improvement in sales over the past 12 months, firms expect […]

Bank of Canada launches The Economy, Plain and Simple

Bank of Canada launches The Economy, Plain and Simple

Today, the Bank of Canada launched a new digital publication to help Canadians better understand the economy. The Economy, Plain and Simple will feature regular blog-like educational articles about current economic issues, using plain language and engaging visuals to explain concepts in simple terms. It will also cover topics related to the Bank of Canada’s […]

Bank of Canada launches new program to foster collaboration with innovators

Bank of Canada launches new program to foster collaboration with innovators

The Bank of Canada is looking for partners in the private sector and academia to experiment with digital tools and technology, such as artificial intelligence and machine learning. The Partnerships in Innovation and Technology (PIVOT) program is part of the Bank’s efforts to fast-track innovation in its economic analysis and research, as well as in […]

Decrypting “Crypto”

Decrypting “Crypto”

Introduction Good afternoon. Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products. Investors worldwide […]