September 10, 2024 Bank of Canada Media Interview – Financial Times Tiff Macklem, Governor of the Bank of Canada, gave an interview to Chris Giles and Joel Suss of the Financial Times. Content Type(s): Press, Media advisories
September 10, 2024 Global trade in a changing world Speech summary Tiff Macklem Canada-UK Chamber of Commerce London, United Kingdom Governor Tiff Macklem talks about how geopolitical, economic and social forces are changing global trade. He also discusses how Canada can benefit from trade shifts and prepare for future supply shocks. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): International topics, Service sector, Trade integration
September 10, 2024 Rewired, recast and redirected: Global trade and implications for Canada Remarks Tiff Macklem Canada-UK Chamber of Commerce London, United Kingdom Bank of Canada Governor Tiff Macklem discuss shifts in the global trade environment and outlines the challenges and opportunities for Canada. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): International topics, Service sector, Trade integration
September 6, 2024 Bank of Canada launches the 2025 Fellowship Program The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2025 Governor’s Award. For this 2025 nomination period, we are not accepting applications for the Fellowship Award as all awards are currently held. Content Type(s): Press, Announcements Source(s): Fellowship Program
Household Food Inflation in Canada Staff Working Paper 2024-33 Olena Kostyshyna, Maude Ouellet We study food inflation rates for Canadian households during periods of low and high inflation from 2012Q4 to 2023Q4. Households experienced more varied inflation rates during the recent high inflation. Cumulative food inflation has been 2.2 percentage points higher for lower-income households than for highest-income households since the inflation surge. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81
Let’s Get Physical: Impacts of Climate Change Physical Risks on Provincial Employment Staff Working Paper 2024-32 Thibaut Duprey, Soojin Jo, Geneviève Vallée We analyze 40 years’ worth of natural disasters using a local projection framework to assess their impact on provincial labour markets in Canada. We find that disasters decrease hours worked within a week and lower wage growth in the medium run. Our study highlights that disasters affect vulnerable workers through the income channel. Content Type(s): Staff research, Staff working papers Topic(s): Climate change, Labour markets, Regional economic developments JEL Code(s): C, C3, C33, E, E2, E24, J, J3, Q, Q5, Q54
September 4, 2024 Bank of Canada reduces policy rate by 25 basis points to 4¼% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Content Type(s): Press, Press releases
September 4, 2024 Bank of Canada Interest Rate Announcement On Wednesday, September 4, 2024, 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. Content Type(s): Press, Media advisories