Canadians’ Access to Cash Before and During the COVID-19 Pandemic Staff Discussion Paper 2022-15 Heng Chen, Marie-Hélène Felt This paper studies Canadians’ access to cash using the geographical distribution of automated banking machines (ABMs). During the pandemic, there have been no sustained adverse effects on cash accessibility. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Regional economic developments JEL Code(s): J, J1, J15, O, O1, R, R5, R51
July 13, 2022 Bank of Canada Media Interview – Financial Post Tiff Macklem, Governor of the Bank of Canada, gave an interview to Kevin Carmichael of the Financial Post. The story will be available at https://business.financialpost.com/. Content Type(s): Press, Media advisories
July 13, 2022 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, July 13, 2022, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories
July 13, 2022 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem 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
July 13, 2022 Financial Post Tiff Macklem, Governor of the Bank of CanadaInterview with The Financial Post Content Type(s): Press, Media activities
July 13, 2022 Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. Content Type(s): Press, Press releases
July 13, 2022 Monetary Policy Report – July 2022 The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024. Content Type(s): Publications, Monetary Policy Report
July 4, 2022 Household differences and why they matter Sharon Kozicki Differences in income, wealth and debt across households are important—for the economy, for the health of the financial system and for monetary policy. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Economic models, Housing, Inflation and prices, Labour markets, Monetary policy, Monetary policy framework, Recent economic and financial developments