Uncategorized

• September 6, 2024

  Bank of Canada launches the 2025 Fellowship Program

  The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2025 Governor’s Award. For this 2025 nomination period, we are not accepting applications for the Fellowship Award as all awards are currently held.

  Content Type(s): Press, Announcements Source(s): Fellowship Program

• Household Food Inflation in Canada

  Staff Working Paper 2024-33 Olena Kostyshyna, Maude Ouellet

  We study food inflation rates for Canadian households during periods of low and high inflation from 2012Q4 to 2023Q4. Households experienced more varied inflation rates during the recent high inflation. Cumulative food inflation has been 2.2 percentage points higher for lower-income households than for highest-income households since the inflation surge.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81

• Let’s Get Physical: Impacts of Climate Change Physical Risks on Provincial Employment

  Staff Working Paper 2024-32 Thibaut Duprey, Soojin Jo, Geneviève Vallée

  We analyze 40 years’ worth of natural disasters using a local projection framework to assess their impact on provincial labour markets in Canada. We find that disasters decrease hours worked within a week and lower wage growth in the medium run. Our study highlights that disasters affect vulnerable workers through the income channel.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Climate change, Labour markets, Regional economic developments JEL Code(s): C, C3, C33, E, E2, E24, J, J3, Q, Q5, Q54
• September 4, 2024

  Bank of Canada reduces policy rate by 25 basis points to 4¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

  Content Type(s): Press, Press releases
• September 4, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, September 4, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

  Content Type(s): Press, Media advisories
• September 4, 2024

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• August 27, 2024

  How high productivity helps fight inflation

  Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Inflation and prices, Productivity
• August 22, 2024

  Quarterly Financial Report - Second Quarter 2024

  Quarterly Financial Report - Second Quarter 2024 - For the period ended June 30, 2024, unaudited

  Content Type(s): Publications, Quarterly Financial Report
• August 21, 2024

  Case scenarios about securities exclusion

  The following fictional case scenarios illustrate the application of the securities exclusion in paragraph 6(b) of the Retail Payment Activities Act.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• August 21, 2024

  Case scenarios about remittance service providers

  The following fictional case scenarios provide examples to help providers identify whether they perform the holding funds payment function, especially in the context of cross-border remittances.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration