November 22, 2022
Posts
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Variable-rate mortgages with fixed payments: Examining trigger rates
We estimate the share of variable-rate mortgages with fixed payments that reached the so-called trigger rate—the interest rate at which mortgage payments no longer cover the principal. Amid rising interest rates, this share was close to 50% at the end of October 2022 and could potentially reach 65% in 2023. -
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Are Working Hours Complements in Production?
Using Canadian matched employer-employee data, we show that working hours of different workers are gross complements in production rather than perfect substitutes, as is typically assumed by macroeconomic models of production. -
November 18, 2022
The Government of Canada announces the issuance of a Ukraine Sovereignty Bond
To offer Canadians an opportunity to directly support Ukraine, the Government of Canada announced that it will issue a Ukraine Sovereignty Bond. The five-year, $500 million bond, denominated in Canadian dollars, will be issued in late November 2022. -
Canada’s Beveridge curve and the outlook for the labour market
Canada’s labour market is tight but beginning to ease. Unemployment will likely rise in turn, but the economy can avoid a recessionary surge given current conditions. Higher unemployment would nonetheless be material, especially for those directly impacted. -
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November 14, 2022
Remarks by Tiff Macklem, Governor of the Bank of Canada
On Monday, November 14, and Tuesday, November 15, 2022, the Bank of Canada will host the fourth annual Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking, a joint conference of the Bank of Canada, the Bank of England, the European Central Bank and the Federal Reserve Board. -
November 14, 2022
Opening remarks
Governor Tiff Macklem speaks about the need to make economics, finance and central banking more diverse and inclusive. -
November 14, 2022
Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking
Conference held on November 14 and 15, 2022.