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January 16, 2023

Canadian Survey of Consumer Expectations—Fourth Quarter of 2022

Results of the fourth-quarter survey show that consumers have reduced their purchases of a broad range of goods and services in response to rising inflation and increases in interest rates. High food prices are a particular source of frustration for households. Most consumers anticipate a mild or moderate recession in the next 12 months. And although labour markets continue to be strong, some early signals suggest consumers think this strength will fade. Meanwhile, short-term inflation expectations remain elevated this quarter, but consumers have varied opinions about where inflation will be in five years. More people than before the pandemic expect deflation.

Content Type(s): Publications, Canadian Survey of Consumer Expectations

December 21, 2022

Call for papers: Themed issue in the Journal of Econometrics

A themed issue in the Journal of Econometrics invites paper submissions on “Machine learning for economic policy” by May 31, 2023.

Content Type(s): Press, Announcements

December 12, 2022

Reflections on 2022

Speech summary Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.

Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Interest rates, International topics, Monetary policy, Recent economic and financial developments

December 9, 2022

Bank of Canada announces finalists for the eighth annual Governor’s Challenge

The Bank of Canada has announced the five finalist teams in the 2022–23 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

Content Type(s): Press, Announcements Source(s): The Governor's Challenge

December 8, 2022

Helping Canadians better understand our decisions

Speech summary Sharon Kozicki Urban Development Institute of Quebec Montréal, Quebec

Speaking a day after the Bank of Canada decided to raise our policy interest rate, Deputy Governor Sharon Kozicki discusses the current state of the economy. She also talks about how we are improving our transparency with Canadians.

Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Interest rates, Monetary policy and uncertainty

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Speech: Winnipeg Chamber of Commerce

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