December 6, 2023 Bank of Canada maintains policy rate, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Content Type(s): Press, Press releases
Immigration and Provision of Public Goods: Evidence at the Local Level in the U.S. Staff Working Paper 2023-57 Anna Maria Mayda, Mine Z. Senses, Walter Steingress Using U.S. county-level data from 1990 to 2010, we study the causal impact of immigration on the provision of local public goods. We uncover substantial heterogeneity across immigrants with different skills and immigrants of different generations, which leads to unequal fiscal effects across U.S. counties. Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, International topics, Regional economic developments JEL Code(s): F, F2, F22, H, H4, H41, H7, J, J6, J61, J68, R, R5
November 22, 2023 Ending the pain of high inflation Remarks Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick Bank of Canada Governor Tiff Macklem explains how high inflation is hurting Canadians and how monetary policy is working to bring inflation back to target. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
November 22, 2023 Fighting to get back to low inflation Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
November 8, 2023 CORRA Advisory Group Meeting (November 8, 2023) Content Type(s): Meetings Source(s): CORRA Advisory Group
November 8, 2023 Summary of Governing Council deliberations: Fixed announcement date of October 25, 2023 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 25, 2023. Content Type(s): Publications, Summary of deliberations
November 6, 2023 Market Participants Survey—Third Quarter of 2023 The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. Content Type(s): Publications, Market Participants Survey
November 7, 2023 Bank of Canada webcasts The John Kuszczak Memorial Lecture On Tuesday, November 7, 2023, the Bank of Canada will host its annual economic conference for policy makers and researchers. This year’s theme is “The Future of the International Monetary and Financial System”. Content Type(s): Press, Media advisories
November 7, 2023 CFEC Meeting (November 7, 2023) TD Securities Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
October 26, 2023 The Current, CBC Radio Tiff Macklem, Governor of the Bank of Canada Interview with The Current on CBC Radio Content Type(s): Press, Media activities