November 10, 2022
Posts
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November 10, 2022
Restoring labour market balance and price stability
Governor Tiff Macklem outlines the link between high inflation and tight labour markets. He explains how the Bank is working to rebalance the labour market and discusses how structural changes may influence the supply of workers in Canada. -
Stagflation and Topsy-Turvy Capital Flows
Unregulated capital flows are likely excessive during a stagflation episode, owing to a macroeconomic externality operating through the economy’s supply side. Inflows raise domestic wages and cause unwelcome upward pressure on firm costs, yet market forces likely generate such inflows. Optimal capital flow management instead requires net outflows. -
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November 8, 2022
Details on Bond Buyback Operations
This document presents the operational details pertaining to bond buyback operations. Please refer to the Standard Terms of each buyback operation for further information. -
Core inflation over the COVID-19 pandemic
We assess the usefulness of various measures of core inflation over the COVID-19 pandemic. We find that Cpi-trim and CPI-median provided the best signal of underlying inflation. The favourable performance of these measures stems from their lack of reliance on historical experience, an especially valuable feature in unprecedented times. -
November 7, 2022
GMF publishes a consultation paper on a proposed fee for failing to settle GoC securities
The Government of Canada Market Functioning Steering Group (GMF) published a consultation paper and an FAQ document today on a proposed fee for failing to settle GoC bond and bill transactions. -
Fiscal Policy in the Age of COVID-19: Does It “Get in All of the Cracks”?
The COVID-19 pandemic has caused an atypical recession in which some sectors of the economy boomed and others collapsed. This required a unique fiscal policy reaction to both support firms and stimulate activity in sectors with slack. Was fiscal policy able to get where it was needed? Mostly, yes. -
November 3, 2022
Summary of Comments – Fall 2022 Debt Management Strategy Consultations
Today, the Fall 2022 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Economic and Fiscal Update 2022. -
November 3, 2022
Bank of Canada webcasts the John Kuszczak Memorial Lecture
On Thursday, November 3, 2022, the Bank of Canada will host its annual economic conference. This year’s theme is “Micro data to macro implications and how central bank policies should reflect them.” Academics, policy-makers, private sector economists and representatives from policy think tanks will be among those in attendance.