Canada
Bank of Canada survey forecasts weaker sales growth this year
Bank of Canada Business Outlook Winter Survey shows outlook for sales growth in 2012 turns negative as demand continues to weigh on firms’ expectations
Bank of Canada appoints new special adviser for Carney
Evan Siddall to become senior representative for financial markets at the Toronto regional office; will also sit on Monetary Policy Review and Financial System Review committees
Debt tolerance has turned decisively, says Carney
Bank of Canada governor Mark Carney says deleveraging process is here to stay; warns if debt restructuring needs to happen, it should be done sooner rather than later
Bank of Canada launches first polymer banknote
Bank of Canada issues first new polymer C$100 banknote into circulation; governor Mark Carney says new bills are at the frontier of banknote technology
Canada announces renewed inflation target range
Canadian government and central bank announce renewal of the inflation-control target for the central bank; goal to remain the 2% mid-point of a 1-3% range
Carney takes aim at shadow banking activity
New Financial Stability Board chairman emphasises fight against shadow banking institutions; says global liquidity fluctuations are damaging financial stability
Bank of Canada paper evaluates degree of banking stress in high-income countries
Bank of Canada study shows high-income countries dominated capital flows and experienced largest banking sector stresses during crisis
FSB confirms Carney as next chair
Financial Stability Board announced Bank of Canada governor Mark Carney as next chairman; vast experience in banking will come in handy
Carney explains Canada-US price gap narrowing
Bank of Canada governor Mark Carney discusses drivers of price differentials between the Canadian dollar and US dollar
Canada hires S&P's Beers as special adviser
David Beers to move to Bank of Canada from Standard & Poors; will serve for 18 months as a special adviser to governor Mark Carney
Bank of Canada inflation target mandate set to stay
Governor Mark Carney appears before House of Commons Standing Committee on Finance to explain research done on topic; finance minister confirms inflation targeting to stay
Cash is still king in low-value transactions: Bank of Canada paper
Bank of Canada study shows cash is still used intensively for low-value transactions due to its speed, merchant acceptance and low costs
Bank of Canada paper captures hot potato effect of inflation
Bank of Canada study finds evidence of hot potato effect in buyers’ spending patterns in response to higher inflation
Canada to consider new policy goals for central bank
House of Commons will hold at least one meeting to discuss broadening monetary policy targets for the central bank; 2% inflation level has been the primary goal for 20 years
Labour distribution affected by firing costs: Bank of Canada paper
Bank of Canada study shows wage inequality rises as employers face higher firing costs
Bank of Canada paper measures systemic importance of banks
Bank of Canada study builds framework to identify systemically important financial institutions
Government debt no longer risk-free: Canada’s Macklem
Bank of Canada senior deputy governor Tiff Macklem says government debt in advanced countries is unlikely to regain its risk-free status
Carney to banks: stop blaming each other
Mark Carney, Bank of Canada governor tells banks to stop accusing others of bad behaviour; discusses Institute of International Finance's concerns about financial reform agenda
Canada banking regulator hires central bank official
Mark Zelmer will leave central bank; becomes assistant superintendent of the regulation sector at the Office of the Superintendent of Financial Institutions
G-20 reforms complex but necessary: Canada’s Lane
Bank of Canada deputy governor discusses merits and disadvantages of creating new Candian central counterparty in light of G-20 reforms to financial infrastructure
Canada’s Boivin evaluates merits of switching to price-level targeting
Bank of Canada deputy governor Jean Boivin says success of a price-level targeting regime would depend on how the public adjusts its inflation expectations
Canada’s Macklem encourages G-20 action to avoid another ‘calamity’
Bank of Canada senior deputy governor, Tiff Macklem, urges G-20 to pick up the pace of reform
Forecasting with multiple interest rates: Bank of Canada paper
Bank of Canada study builds augmented version of forecasting tool that includes multiple interest rates
Carney discusses handling of global debt crises
Testifying before the House of Commons Standing Committee on Finance, Carney discusses the handling of debt crises in both the US and the eurozone