Blockchain Revolution Without the Blockchain Staff analytical note 2018-5 Hanna Halaburda The technology behind blockchain has attracted a lot of attention. However, this technology is for the most part not well understood. There is no consensus on what benefits it may bring or on how it may fail. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D8, G, G2, O, O3, O33 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Structural challenges, Digitalization and productivity
October 18, 2007 Monetary Policy Report – October 2007 There have been a number of significant economic and financial developments since the time of the July Monetary Policy Report Update. Content Type(s): Publications, Monetary Policy Report
Pricing behaviour and inflation during the COVID-19 pandemic: Insights from consumer prices microdata Staff analytical note 2024-6 Olga Bilyk, Mikael Khan, Olena Kostyshyna Using the microdata underlying the Canadian consumer price index, we study how often and by how much firms changed their prices during the COVID-19 pandemic. We find that the surge in inflation was mainly associated with retailers raising prices much more often than before. We also find that more recently, corporate price-setting behaviour appears to be approaching pre-pandemic norms. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D2, D22, E, E3, E31, L, L1, L11 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
June 10, 2021 The digital transformation and Canada’s economic resilience Remarks (delivered virtually) Timothy Lane Advocis Western Canada Chapters Edmonton, Alberta, Vancouver, British Columbia, Winnipeg, Manitoba Deputy Governor Tim Lane talks about the Bank’s latest interest rate announcement and discusses how the digital transformation has supported resilience through the pandemic and may be adding to the economy’s growth potential. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Fintech, Monetary policy, Economy/Economic growth, Inflation targeting framework
October 21, 2004 Monetary Policy Report – October 2004 The Canadian economy continues to adjust to major global developments. Content Type(s): Publications, Monetary Policy Report
July 6, 2026 Business Outlook Survey—Second Quarter of 2026 Results from the Business Outlook Survey and the Business Leaders’ Pulse indicate that firms’ sentiment has deteriorated. Domestic sales outlooks have weakened amid heightened geopolitical uncertainty and elevated costs related to fuel, while export outlooks have improved because of stronger demand for commodities. Investment intentions remain solid, but fewer firms plan to add staff. More firms now expect their input and selling prices to rise, reflecting higher global oil prices. Firms’ inflation expectations are also higher than in recent quarters. Oil producers have revised their capital spending and production plans upward, citing expectations of sustained elevated oil prices. Content Type(s): Publications, Business Outlook Survey
December 13, 2021 Opening statement by Tiff Macklem Opening statement Tiff Macklem National Press Theatre Ottawa, Ontario Governor Tiff Macklem discusses the renewed monetary policy framework agreed upon by the Government of Canada and the Bank of Canada. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
January 20, 2016 Monetary Policy Report Press Conference Opening Statement Opening statement Stephen S. Poloz Ottawa, Ontario Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 21, 2025 Business Outlook Survey—Second Quarter of 2025 Tariffs and related uncertainty continue to weigh on firms, according to results from the Business Outlook Survey and the Business Leaders’ Pulse. While overall sales outlooks remain weak, outlooks for exports have recovered somewhat, with worst-case trade scenarios appearing less likely. Firms remain cautious in their hiring and investment plans. Some businesses reported cost pressures from tariffs, but competition and weak demand are constraining price pass-through to customers. In this context, firms’ short-term inflation expectations are lower than they were last quarter. Content Type(s): Publications, Business Outlook Survey
December 15, 2016 Toward More Resilient Markets: Over-the-Counter Derivatives Reform in Canada Financial System Review - December 2016 Michael Mueller, André Usche In Toward More Resilient Markets: Over-the-Counter Derivatives Reform in Canada, Michael Mueller and André Usche show that the implementation of derivatives market reforms in Canada is well under way and has lessened vulnerabilities. But accompanying changes to market structure have both positive and negative effects that require ongoing attention from authorities. Content Type(s): Publications, Financial System Review articles JEL Code(s): G, G0, G01, G1, G15, G2, G28