April 13, 2022 Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. Content Type(s): Press, Press releases
April 13, 2022 Monetary Policy Report – April 2022 Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023. Content Type(s): Publications, Monetary Policy Report
April 13, 2022 TVA Nouvelles Tiff Macklem, Governor of the Bank of Canada Interview with TVA Nouvelles Content Type(s): Press, Media activities
April 13, 2022 Bloomberg News Tiff Macklem, Governor of the Bank of Canada Interview with Bloomberg News Content Type(s): Press, Media activities
April 4, 2022 Chartered banks: Home equity lines of credit (HELOCs) Quarter-end data on chartered bank HELOCs and related products for residential secured lending whose properties are located in Canada (excluding business loans). Content Type(s): Banking and financial statistics
Exports and the Exchange Rate: A General Equilibrium Perspective Staff Working Paper 2022-18 Patrick Alexander, Abeer Reza How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada. Content Type(s): Staff research, Staff working papers Topic(s): Balance of payments and components, Business fluctuations and cycles, Exchange rate regimes, Exchange rates, International topics, Monetary policy transmission, Trade integration JEL Code(s): F, F3, F31, F32, F33, F4, F41