Deputy Governor Lawrence Schembri discusses how the Canadian labour market has changed during the pandemic. He explains why better tools to measure the health of the...
Shift explains why Governor Tiff Macklem has been so wary of overreacting to the fastest inflation in decades The Bank of Canada has lost faith in the unemployment rate’s ability to predict the intensity of price pressures, an important shift that...
In FT editorial, Bank head acknowledges high level of uncertainty over inflation Bank of Canada Governor Tiff Macklem said his central bank is “getting closer” to raising interest rates as slack in the economy dissipates, in line with the forward g...
Kevin Carmichael: The labour market is far from healed from the epic recession caused by the COVID-19 lockdowns Canadian employers added roughly 31,000 jobs in October, a mediocre result that suggests the recovery from the COVID-19 recession could...
Addressing climate change is a global challenge. While the Government of Canada has the primary responsibility for climate change policy, the Bank of Canada recogniz...
September's pullback was led by drops in retail and manufacturing Canada’s economic growth unexpectedly faltered at the end of the third quarter, casting doubts on the strength of the nation’s recovery. Gross domestic product was little changed in...
The Canadian economy is once again growing robustly, and the recovery from COVID-19 continues. The Bank is forecasting growth of around 5 percent in 202...
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary f...
Good morning. I’m pleased to be here with you—in person—to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR). It seems fi...
The sooner the bank stops adding support to the economy, the faster it's expected to pivot to a tightening cycle The Bank of Canada will continue pulling back its support for the economy at a policy decision this week, paving the way for the start...