July 20, 2022 TVA Nouvelles Tiff Macklem, Governor of the Bank of Canada Interview with TVA Nouvelles Content Type(s): Press, Media activities
July 20, 2022 CTV News Tiff Macklem, Governor of the Bank of Canada Interview with CTV News Content Type(s): Press, Media activities
July 13, 2022 Financial Post Tiff Macklem, Governor of the Bank of CanadaInterview with The Financial Post Content Type(s): Press, Media activities
July 18, 2023 Treasury Bill 2023.07.18 auction rescheduled Following the cancellation today of the 2023.07.18 Treasury Bill Auction, the Bank has resolved the technical difficulties and is rescheduling the auction on Wednesday, July 19 at 10:30 a.m Content Type(s): Press, Market notices
July 12, 2023 Bank of Canada Media Interview – The Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of The Globe and Mail. Content Type(s): Press, Media advisories
July 12, 2023 Monetary Policy Report – July 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. Content Type(s): Publications, Monetary Policy Report
June 30, 2023 Canadian Survey of Consumer Expectations—Second Quarter of 2023 Inflation expectations for one to two years ahead have come down again but remain well above their levels from before the COVID-19 pandemic. The higher cost of living is the most pressing concern for consumers, and along with elevated interest rates, continues to constrain most households’ spending. Homeowners who are planning to renew their mortgage over the next two years and who expect significantly higher payments are likely to plan spending cuts. Some households though are starting to think the worst is behind them. Consumer confidence about the future of the economy has improved alongside their lower inflation expectations. Expected lower interest rates and strong immigration, which boosts housing demand, are behind consumers’ view that housing market will increase over the next year. Workers remain confident about jobs. Content Type(s): Publications, Canadian Survey of Consumer Expectations
Estimating the Slope of the Demand Function at Auctions for Government of Canada Bonds Staff Discussion Paper 2023-12 Bo Young Chang We use bid data from Government of Canada bond auctions between 1999 and 2021 to gauge the yield sensitivity of these bonds to the issuance amount. Our new metric estimates the demand function of the bidders at each auction and offers insights into the relationship between supply and yield of government bonds. Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Interest rates JEL Code(s): D, D4, D44, G, G1, G12
June 27, 2023 Panel participation by Sharon Kozicki, Deputy Governor of the Bank of Canada On Tuesday, June 27, 2023, Sharon Kozicki, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the ECB Forum on Central Banking 2023. Content Type(s): Press, Media advisories
Markups and inflation during the COVID-19 pandemic Staff Analytical Note 2023-8 Olga Bilyk, Timothy Grieder, Mikael Khan We find that prices and costs for consumer-oriented firms moved roughly one-for-one during the COVID-19 pandemic. This means firms fully passed rising costs through to the prices they charged. However, our results are suggestive, given data limitations and the uncertainty associated with estimating markups. Content Type(s): Staff research, Staff analytical notes Topic(s): Firm dynamics, Inflation and prices JEL Code(s): D, D2, D4, E, E2, E3, L, L1