April 3, 2023
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April 3, 2023
Results in the first quarter of 2023 show that consumer expectations for inflation one to two years ahead fell but remain elevated, particularly for services. Consumers, especially indebted households and equity-deserving groups, are facing financial pressures and limits on their spending due to high inflation and increasing interest rates. Consumers expect to spend less on discretionary services, such as travelling and eating out. Canadians continue to anticipate a recession in the next 12 months. Many are uncertain about where the economy and job markets are going. Despite this, workers still see the labour market as strong and expect wage growth to increase.
Canadian Survey of Consumer Expectations—First Quarter of 2023
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
March 29, 2023
Lessons from our support of financial markets in tough times
Deputy Governor Toni Gravelle talks about how the Bank of Canada supported markets during the COVID-19 pandemic and what we might do differently in the future. He also discusses recent turmoil in the banking system in the United States and overseas.
March 22, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023.
Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023
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Publications,
Summary of deliberations
March 20, 2023
Learn about the recipients of the Fellowship and Governor’s Awards for 2023.
Bank of Canada announces the recipients of the 2023 Fellowship Program Awards
Content Type(s):
Press,
Announcements
Source(s):
Fellowship Program