Uncategorized

• December 16, 2024

  Speech: Tiff Macklem, Governor

  12:35 (PT) / 15:35 (ET)
  Vancouver, British Columbia

  Content Type(s): Upcoming events
• December 16, 2024

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Monday, December 16, 2024, Tiff Macklem, Governor of the Bank of Canada, will speak before the Greater Vancouver Board of Trade.

  Content Type(s): Press, Media advisories
• December 11, 2024

  Bank of Canada Media Interview – The Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.

  Content Type(s): Press, Media advisories
• December 11, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• December 11, 2024

  Bank of Canada Interest Rate Announcement

  On Wednesday, December 11, 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
• December 11, 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 monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 11, 2024

  Interest Rate Announcement

  09:45 (ET)
  On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision.

  Content Type(s): Upcoming events
• December 2, 2024

  Bank of Canada publishes applicants’ list of retail payment service providers

  Media Relations Ottawa, Ontario

  The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).

  Content Type(s): Press, Press releases Topic(s): Retail payments supervision

• The (Mis)Allocation of Corporate News

  Staff Working Paper 2024-47 Xing Guo, Alistair Macaulay, Wenting Song

  We study how the distribution of information supply by the news media affects the macroeconomy. We find that media coverage focuses particularly on the largest firms, and that firms’ equity financing and investment increase after media coverage. But these equity and investment responses are largest among small, rarely covered firms. Our quantitative studies highlight that the aggregate effects of media coverage depend crucially on how that coverage is allocated.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Firm dynamics JEL Code(s): D, D2, D22, D6, D61, L, L1, L11, L2, L20
• November 27, 2024

  Learning more about Indigenous economies

  

  Indigenous businesses make a valuable contribution to Canada’s economy, but we still have much to learn about what makes them distinct.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Inflation and prices