Assessing whether monetary policy stimulus presently in place is still required.
Central bank estimates commodity exports could fall to roughly 40% of total exports by 2020.
Can impact economic models and decision-making processes, BoC governor says.
As stubbornly low interest rates persist, BoC governor thinks it’s time for Canadians to revisit their retirement plans.
Concern follows news that the economy contracted at an annual pace of 1.6% in Q2.
Central bank estimates the fires will cut 1.25 percentage points off real GDP growth in Q2.
Central bank suggests curbing debt and fiscal stimulus are tools that should be used alongside monetary policy.
Three-year plan will explore lessons learned since the financial crisis and brace for turbulence that may lie ahead.
Central bank governor admits lower rates put risks on household debt levels, but set the overall economy to recover more quickly.
Bank says it will propose several ways to enhance liquidity to avoid mistakes made in the last global economic crisis.
Low-paying jobs are becoming the norm and further interest rate cuts not likely the cure, the bank says.
Central bank expects bulk of oil slump’s negative effects to strike Canadian economy in the first half of this year.
Central bank says Canada’s exports require continued growth before companies increase investment and hiring.
The council says rates need to hold through early 2014 before raising to 1.25% by July 2014.
BoC governor says economy needs to move towards business investment and export growth.