January 16, 2023
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January 16, 2023
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.
Canadian Survey of Consumer Expectations—Fourth Quarter of 2022
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Publications,
Canadian Survey of Consumer Expectations
December 21, 2022
A themed issue in the Journal of Econometrics invites paper submissions on “Machine learning for economic policy” by May 31, 2023.
Call for papers: Themed issue in the Journal of Econometrics
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Press,
Announcements
December 12, 2022
Reflections on 2022
Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.
December 9, 2022
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.
Bank of Canada announces finalists for the eighth annual Governor’s Challenge
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Press,
Announcements
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The Governor's Challenge