Uncategorized

• 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
• February 17, 2025

  Family Day

  Provincial holiday: Alberta, British Columbia, Nova Scotia and Ontario

  Content Type(s): Upcoming events

• 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 Topic(s): Fiscal policy JEL Code(s): E, E6, E62
• February 14, 2025

  Release: Senior Loan Officer Survey

  10:30 (ET)
  The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. 

  Content Type(s): Upcoming events

• 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 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
• February 12, 2025

  Publication: Summary of Deliberations

  13:30 (ET)
  A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier.

  Content Type(s): Upcoming events