Posts
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Canadian housing supply elasticities
We explain how housing supply elasticities for Canadian cities are estimated. The procedure we use exploits the systematic differences in various cities’ sensitivity to regional house-price cycles. -
Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data
We examine how consumers have adjusted their payment habits during the COVID-19 pandemic. They seem to perform fewer transactions, spend more in each transaction, use less cash at the point of sale and withdraw cash from ATMs linked to their financial institution more often than from other ATMs. -
From He-Cession to She-Stimulus? The Labor Market Impact of Fiscal Policy Across Gender
The effects of fiscal policy shocks on labour market outcomes across gender depend on the type of public expenditure. Women benefit most from increases in the government wage bill, while men are the main beneficiaries of higher investment spending. -
September 9, 2021
Monetary policy as the recovery progresses
Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He also talks about how the Bank could adjust monetary policy once the economy needs less support. -
September 9, 2021
Economic progress report: Monetary policy for the recovery
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and discusses how the Bank could adjust monetary policy and its quantitative easing program as the recovery progresses. -
September 8, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
September 3, 2021
Operational details for upcoming secondary market purchases of Government of Canada securities (September 13–24)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
September 1, 2021
Bank of Canada designates Lynx as a systemically important payment system
Bank of Canada Governor Tiff Macklem has designated Lynx, which is owned and operated by Payments Canada, as a systemically important payment system under the Payment Clearing and Settlement Act. -
September 1, 2021
Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada’s Balance Sheet
The Statement of Policy establishes the policy governing the acquisition and management of financial assets for the Bank’s balance sheet. It does not apply to the assets of the Bank’s pension trust fund or supplementary trust fund.