November 26, 2024 Keeping inflation at 2% Speech summary Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
November 6, 2024 Finding balance in the mortgage market Speech summary Carolyn Rogers Economic Club of Canada Toronto, Ontario Senior Deputy Governor Carolyn Rogers talks about Canada’s mortgage market and how it has evolved over time. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Financial institutions, Financial services, Financial stability, Financial system regulation and policies, Housing, Monetary policy transmission
September 19, 2024 Getting to a monetary policy decision Speech summary Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Credibility, Economic models, Inflation and prices, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Monetary policy transmission
September 10, 2024 Global trade in a changing world Speech summary Tiff Macklem Canada-UK Chamber of Commerce London, United Kingdom Governor Tiff Macklem talks about how geopolitical, economic and social forces are changing global trade. He also discusses how Canada can benefit from trade shifts and prepare for future supply shocks. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): International topics, Service sector, Trade integration
June 24, 2024 Making the labour market work for everyone Speech summary Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive labour market is key to growth in the long run. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Labour markets, Monetary policy, Productivity
June 13, 2024 Reviewing our pandemic actions Speech summary Sharon Kozicki Canadian Association for Business Economics Ottawa, Ontario Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
May 30, 2024 Future-proofing our payments systems Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision
March 26, 2024 The productivity problem Speech summary Carolyn Rogers Halifax Partnership Halifax, Nova Scotia Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Labour markets, Potential output, Productivity
March 21, 2024 Getting to a new normal Speech summary Toni Gravelle CFA Society Toronto Toronto, Ontario Deputy Governor Toni Gravelle speaks about how the Bank of Canada will manage its balance sheet once quantitative tightening ends. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial institutions, Financial markets, Financial system regulation and policies, Lender of last resort, Monetary policy implementation, Payment clearing and settlement systems, Recent economic and financial developments
February 6, 2024 Monetary policy: It’s perfectly imperfect Speech summary Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Housing, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy, Monetary policy implementation, Monetary policy transmission, Price stability, Productivity