April 10, 2024
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April 1, 2024
Business sentiment and sales growth expectations have stopped falling, according to firms responding to the Business Outlook Survey and the Business Leaders’ Pulse. But demand remains subdued, which is allowing price pressures and the labour market to ease. As a result, fewer firms than in the previous survey are planning unusually large or frequent price increases over the next 12 months.
Business Outlook Survey—First Quarter of 2024
Content Type(s):
Publications,
Business Outlook Survey
April 1, 2024
Consumers believe inflation has slowed, but expectations for inflation in the near term have barely changed. Sticky inflation expectations may be due to elevated uncertainty about near-term inflation and still-high expectations for interest rates and rent costs over the next 12 months. Long-term inflation expectations have increased from low levels. Relative to last quarter, consumers now think domestic factors supporting high inflation, such as high government spending and elevated housing costs, will take longer to resolve. High inflation and high interest rates continue to impact household budgets and spending decisions, but consumers are less pessimistic about the economic outlook. After easing for several quarters, perceptions of the labour market have stabilized, and high inflation expectations continue to support stronger-than-average expectations for wage growth.
Canadian Survey of Consumer Expectations—First Quarter of 2024
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
March 26, 2024
The productivity problem
Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Inflation and prices,
Labour markets,
Potential output,
Productivity
March 25, 2024
The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, francophones and students who identify as a woman or as a member of a racialized group.
Bank of Canada announces 2023–24 scholarship recipients
Content Type(s):
Press,
Announcements
Source(s):
Scholarship awards