October 17, 2022
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October 17, 2022
The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations
On Monday, October 17, 2022, the Bank of Canada will release the Business Outlook Survey for the third quarter of 2022 and the latest results of the Canadian Survey of Consumer Expectations. -
October 17, 2022
Business Outlook Survey—Third Quarter of 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. -
October 17, 2022
Canadian Survey of Consumer Expectations—Third Quarter of 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. -
October 14, 2022
Media roundtable with Governor Macklem
On Friday, October 14, 2022, Tiff Macklem, Governor of the Bank of Canada, will hold a roundtable with journalists on the sidelines of the G7-G20-IMF meetings in Washington. -
Private Digital Cryptoassets as Investment? Bitcoin Ownership and Use in Canada, 2016-2021
We report on the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys (BTCOS). Our analysis also helps understand Bitcoin owners who adopted during the COVID-19 and how they differ from long-term owners. -
October 12, 2022
Five things we learned about Canadian Bitcoin owners in 2021
We present key findings from the 2021 Bitcoin Omnibus Survey on Canadians’ awareness and ownership of Bitcoin. Most Canadians have heard of Bitcoin, which remains primarily used as an investment. Ownership jumped in 2021, reflecting increased savings during the pandemic and greater availability of user-friendly platforms to buy Bitcoin. -
Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory
We analyze the value proposition and limitations of decentralized finance (DeFi). Based on a distributed ledger and smart contracts, DeFi can guarantee the execution of financial contracts, potentially lowering the costs of intermediation and improving financial inclusion. -
October 9, 2022
Cost of Living, CBC Radio
Tiff Macklem, Governor of the Bank of Canada
Interview with the Cost of Living on CBC Radio -
October 7, 2022
CARR agrees to begin process of developing Term CORRA benchmark
On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities.