Posts
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December 20, 2023
Bank of Canada Media Interview – La Presse
Tiff Macklem, Governor of the Bank of Canada, gave an interview to La Presse’s Hélène Baril. -
Understanding the Systemic Implications of Climate Transition Risk: Applying a Framework Using Canadian Financial System Data
Our study aims to gain insight on financial stability and climate transition risk. We develop a methodological framework that captures the direct effects of a stressful climate transition shock as well as the indirect—or systemic—implications of these direct effects. We apply this framework using data from the Canadian financial system. -
December 20, 2023
Release of the Bank of Canada’s summary of deliberations
On Wednesday, December 20, 2023, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on December 6, 2023. -
December 20, 2023
Summary of Governing Council deliberations: Fixed announcement date of December 6, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 6, 2023. -
The impact of higher interest rates on mortgage payments
We investigate how the increase in interest rates since early 2022 is affecting mortgage payments. By November 2023, less than half of mortgage holders had faced higher payments. Many borrowers will see a sizable increase in payments at renewal, although income growth could help mitigate the impact. -
Finding the balance—measuring risks to inflation and to GDP growth
Using our new quantitative tool, we show how the risks to the inflation and growth outlooks have evolved over the course of 2023. -
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Supporting the Transition to Net-Zero Emissions: The Evolving Role of Central Banks
While climate change was largely tackled by government policies in the past, central banks are increasingly grappling with the risks climate change poses. They are evaluating their operational policies to reflect these risks and the transition to a net-zero economy. This paper explores the trade-offs and considerations central banks face. -
December 15, 2023
Speech by Tiff Macklem, Governor of the Bank of Canada
On Friday, December 15, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the Canadian Club Toronto.