Posts

• February 20, 2025

  CFEC Meeting (February 20, 2025)

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• February 20, 2025

  Protecting yourself from scams

  Here’s how to recognize and report a scam.

  Content Type(s): Press, Announcements

• Estimating the impacts on GDP of natural disasters in Canada

  Staff Analytical Note 2025-5 Tatjana Dahlhaus, Thibaut Duprey, Craig Johnston

  Extreme weather events contribute to increased volatility in both economic activity and prices, interfering with the assessment of the true underlying trends of the economy. With this in mind, we conduct a timely assessment of the impact of natural disasters on Canadian gross domestic product (GDP).

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Climate change, Domestic demand and components, Econometric and statistical methods, Fiscal policy, Regional economic developments JEL Code(s): B, B2, B23, C, C1, C13, C2, C23, E, E1, E17, E3, E37, E6, E62, H, H6
• February 18, 2025

  What does the Bank of Canada do?

  The Bank has five main areas of responsibility that affect Canadians’ everyday lives.

  Content Type(s): Explainers
• February 18, 2025

  How is the Bank of Canada run?

  The Bank of Canada is a Crown corporation that is run independently from the government.

  Content Type(s): Explainers
• February 18, 2025

  Is the Bank of Canada independent from government?

  The Bank of Canada is a Crown corporation that is owned by the federal government, but we are separate from the political process.

  Content Type(s): Explainers

• Breaking Down the US Employment Multiplier Using Micro­-Level Data

  Staff Working Paper 2025-8 Edoardo Briganti, Holt Dwyer, Ricardo Duque Gabriel, Victor Sellemi

  We construct a new dataset of unanticipated contracts and examine their effects on employment growth. We find positive, significant and persistent effects on firms with fewer than 150 employees and estimate a cost-per­job that is an order of magnitude lower than previous estimates.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Fiscal policy JEL Code(s): E, E6, E62

• Markups, Pass-Through, and Firm Heterogeneity with Sequentially Mixed Search

  Staff Working Paper 2025-7 Alex Chernoff, Allen Head, Beverly Lapham

  Market power and pass-through of cost and demand shocks are studied in a market with free entry of heterogeneous firms and consumer mixed search. Equilibrium prices and markups are driven by variation in the elasticity of demand across firms. Improved conditions for buyers can either raise or lower market power.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Service sector JEL Code(s): D, D2, D21, D4, D43, E, E3, E31, L, L1, L11
• February 12, 2025

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, February 12, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 29, 2025. 

  Content Type(s): Press, Media advisories
• February 12, 2025

  Summary of Governing Council deliberations: Fixed announcement date of January 29, 2025

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 29, 2025.

  Content Type(s): Publications, Summary of deliberations