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 Topic(s): Firm dynamics, Inflation and prices, Recent economic and financial developments JEL Code(s): D, D2, D22, E, E3, E31, L, L1, L11
2013 Methods-of-Payment Survey: Sample Calibration Analysis Technical Report No. 103 Kyle Vincent Sample calibration is a procedure that utilizes sample and national-level demographic distribution information to weight survey participants. The objective of calibration is to weight the sample so that it is demographically representative of the target population. Content Type(s): Staff research, Technical reports Topic(s): Central bank research JEL Code(s): C, C8, C81, C83
April 15, 2004 Monetary Policy Report – April 2004 The Canadian economy continues to adjust to developments in the global economy. Content Type(s): Publications, Monetary Policy Report
April 20, 2005 Conference Summary: Canada in the Global Economy Bank of Canada Review - Spring 2005 Lawrence L. Schembri The Bank of Canada's 2004 research conference examined the real and financial linkages between the Canadian economy and the economies in the rest of the world. Although Canada has profited enormously from its openness to international trade in goods, services, and financial assets, many of the most significant shocks to the Canadian economy in recent years have come from abroad. For these reasons, understanding the extent and nature of the external linkages, their implications for the Canadian economy, and the process by which the Canadian economy adjusts to external shocks is of critical importance both for monetary policy and for monitoring the financial system. This article describes the purpose of the conference—to deepen economists' understanding of these important issues—and provides highlights of the papers presented in each of the five sessions, as well as summaries of the keynote lecture and the discussion of the policy panel. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Balance of payments and components, Exchange rates, International topics
January 18, 2017 Monetary Policy Report Press Conference Opening Statement Opening statement Stephen S. Poloz, Carolyn A. Wilkins 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 Topic(s): Fiscal policy, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Potential output, Recent economic and financial developments
June 21, 2006 The Market for Financing of Infrastructure Projects through Public-Private Partnerships: Canadian Developments Financial System Review - June 2006 Elizabeth Woodman Content Type(s): Publications, Financial System Review articles
November 10, 1995 The Government of Canada bond market since 1980 Bank of Canada Review - Autumn 1995 Andrew Branion This article focusses on a key component of the federal government's debt-management program, Government of Canada marketable bonds. It first provides a broad overview of the characteristics of these bonds and then discusses the workings of the domestic market, from the formulation of a debt-management strategy to the primary issuance of the bonds, the delivery and payment process, and transactions in the secondary market. Recent developments that have enhanced the overall efficiency of the market are also examined. This article is part of a series that describes and analyses features of the Canadian financial sector. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets
June 18, 2010 Fortune Favours the Bold Remarks Mark Carney Newfoundland Oil & Gas Industries Association St. John's, Newfoundland and Labrador From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Content Type(s): Press, Speeches and appearances, Remarks
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 Topic(s): Inflation and prices, Interest rates, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments
April 10, 2008 Credit Markets, Financial Stability, and Monetary Policy Remarks David Longworth Global Investment Conference Lake Louise, Alberta Today, I'd like to discuss some of the crucial issues that we have been dealing with during this period. I'll begin with a brief overview of some key events that have led to the turbulence that continues to upset financial markets and that greatly contributed to the remarkably wide credit spreads that we now witness. Content Type(s): Press, Speeches and appearances, Remarks