Applying the Wage-Common to Canadian Provinces Staff analytical note 2018-16 Jonathan Lachaine As at the national level, available sources of hourly wage data for Canadian provinces sometimes send conflicting signals about wage growth. This note has two objectives. First, we develop a common measure of provincial wages (the provincial wage-common) to better capture the underlying wage pressures, reflecting the overall trend across all data sources. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C3, C38, J, J3 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Structural challenges, Demographics and labour supply
Bending the Curves: Wages and Inflation Staff analytical note 2018-15 Dany Brouillette, Madigan Dockrill, Helen Lao, Laurence Savoie-Chabot As economic slack continues to be absorbed and the labour market tightens, wage growth and inflation could increase faster than expected, which would suggest convexity in their Phillips curves. This note investigates whether there is convexity in the Phillips curves for Canadian wage growth and inflation by testing different empirical approaches over the post-inflation-targeting period. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E24, E3, E31, J, J3 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
May 30, 2018 Quarterly Financial Report - First Quarter 2018 Quarterly Financial Report - First Quarter 2018 - For the period ended March 31, 2018 Content Type(s): Publications, Quarterly Financial Report
May 30, 2018 Bank of Canada maintains overnight rate target at 1¼ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent. Content Type(s): Press, Press releases
May 28, 2018 CARR Meeting (May 28, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
May 28, 2018 Bank of Canada to participate in Doors Open Ottawa 2018 On Saturday, June 2, we invite the public to join us at the Bank of Canada’s headquarters on Wellington Street for Doors Open Ottawa 2018. Content Type(s): Press, Announcements
May 16, 2018 The (Mostly) Long and Short of Potential Output Remarks Lawrence L. Schembri Ottawa Economics Association and CFA Society Ottawa Ottawa, Ontario Deputy Governor Lawrence Schembri discusses the importance of potential output to monetary policy, as well as policy challenges and opportunities in a world of low potential output growth. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework