October 26, 2022
Find news by keyword, author, content type, location, source, topic or publication date.
Latest news
October 26, 2022
While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024.
Monetary Policy Report – October 2022
Content Type(s):
Publications,
Monetary Policy Report
October 17, 2022
Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high.
Business Outlook Survey—Third Quarter of 2022
Content Type(s):
Publications,
Business Outlook Survey
October 17, 2022
This survey took place between August 2 and August 23, 2022. Follow-up interviews took place in September. Expectations for inflation one to two years ahead have continued to rise because consumers anticipate supply chain disruptions and elevated oil prices will persist. In contrast, expectations for inflation five years ahead have eased to near pre-pandemic levels. Still, consumers are more divided this quarter about where inflation will end up in the long term.
Canadian Survey of Consumer Expectations—Third Quarter of 2022
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
October 6, 2022
Restoring price stability for all Canadians
Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to bring inflation back to the 2% target.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Domestic demand and components,
Expectations,
Inflation and prices,
Inflation: costs and benefits,
Interest rates,
Labour markets,
Monetary policy,
Monetary policy and uncertainty,
Price stability,
Recent economic and financial developments,
Service sector