Posts

• May 3, 2024

  The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations.

  Content Type(s): Press, Press releases
• May 2, 2024

  Annual Report 2023

  

  The Annual Report outlines the Bank’s activities and achievements in 2023. It includes the financial statements and a message from Governor Tiff Macklem.

  Content Type(s): Publications, Annual Report
• May 2, 2024

  Bank of Canada Disclosure of Climate-Related Risks 2023

  This report lays out elements of the Bank’s strategy related to climate change and details how the issue will be managed holistically across the organization, following the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures.

  Content Type(s): Publications, Disclosure of Climate-Related Risks
• May 2, 2024

  Parliamentary Appearance by the Governor and the Senior Deputy Governor of the Bank of Canada

  On Thursday, May 2, 2024, the Governor of the Bank of Canada, Tiff Macklem, will appear before the House of Commons Standing Committee on Finance. He will be accompanied by Senior Deputy Governor Carolyn Rogers.

  Content Type(s): Press, Media advisories
• May 2, 2024

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2024

  Opening Statement before the Standing Senate Committee on Banking, Commerce and the Economy

  Opening statement Tiff Macklem Standing Senate Committee on Banking, Commerce and the Economy Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2024

  Parliamentary Appearance by the Governor and the Senior Deputy Governor of the Bank of Canada

  On Wednesday, May 1, 2024, the Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied by Senior Deputy Governor Carolyn Rogers.

  Content Type(s): Press, Media advisories
• May 1, 2024

  Bank of Canada Media Interview – Radio-Canada

  Nicolas Vincent, Deputy Governor of the Bank of Canada, gave an interview to Radio-Canada’s Téléjournal de L’Est du Québec.

  Content Type(s): Press, Media advisories
• April 30, 2024

  CARR reiterates that market participants with CDOR-based loans, derivatives or securities must prepare for CDOR’s cessation post June 28, 2024

  Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of CDOR, today reaffirmed that all three tenors of CDOR will cease to be published after June 28, 2024.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group

• Potential output in Canada: 2024 assessment

  Staff Analytical Note 2024-11 Tessa Devakos, Christopher Hajzler, Stephanie Houle, Craig Johnston, Antoine Poulin-Moore, Ron Rautu, Temel Taskin

  We expect that potential output in Canada will grow by 2.3% and 2.5% in 2023 and 2024, respectively, and average slightly below 1.7% by 2027 as population growth moderates. Relative to the April 2023 assessment, growth is revised up in 2024, with a larger contribution from trend labour input due to higher-than-anticipated population growth. We revise down our estimates of growth over 2025–26.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Economic models, Labour markets, Monetary policy, Potential output, Productivity JEL Code(s): E, E2, E3, E4, E5