Posts

• April 13, 2022

  Understanding our policy interest rate

  At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you.

  Content Type(s): Explainers Topic(s): Monetary policy
• April 13, 2022

  Bank of Canada provides operational details for quantitative tightening and announces that it will continue to implement monetary policy using a floor system

  As announced on April 13, 2022, the Bank of Canada is ending the reinvestment phase of its asset purchase program and beginning quantitative tightening (QT).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• April 13, 2022

  Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

  Content Type(s): Press, Press releases
• April 13, 2022

  Monetary Policy Report – April 2022

  

  Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.

  Content Type(s): Publications, Monetary Policy Report
• April 13, 2022

  TVA Nouvelles

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with TVA Nouvelles

  Content Type(s): Press, Media activities
• April 13, 2022

  Bloomberg News

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Bloomberg News

  Content Type(s): Press, Media activities
• April 4, 2022

  Chartered banks: Home equity lines of credit (HELOCs)

  Quarter-end data on chartered bank HELOCs and related products for residential secured lending whose properties are located in Canada (excluding business loans).

  Content Type(s): Banking and financial statistics

• Exports and the Exchange Rate: A General Equilibrium Perspective

  Staff Working Paper 2022-18 Patrick Alexander, Abeer Reza

  How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada.

  Content Type(s): Staff research, Staff working papers Topic(s): Balance of payments and components, Business fluctuations and cycles, Exchange rate regimes, Exchange rates, International topics, Monetary policy transmission, Trade integration JEL Code(s): F, F3, F31, F32, F33, F4, F41

• What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada

  Staff Working Paper 2022-17 Alejandra Bellatin, Gabriela Galassi

  COVID-19 affects technology adoption: online job postings for technology-related occupations fall less during pandemic lockdowns and pick up faster during reopenings than postings for more traditional occupations.

  Content Type(s): Staff research, Staff working papers Topic(s): Coronavirus disease (COVID-19), Econometric and statistical methods, Labour markets JEL Code(s): J, J2, J23, J24, O, O1, O14
• April 4, 2022

  Operational details for upcoming secondary market purchases of Government of Canada securities (April 11-22)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program