March 6, 2024 Bank of Canada Interest Rate Announcement On Wednesday, March 6, 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
March 6, 2024 Reuters Tiff Macklem, Governor of the Bank of Canada Interview with Reuters Content Type(s): Press, Media activities
February 26, 2024 CARR Meeting (February 26, 2024) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
How changes in the share of constrained households affect the effectiveness of monetary policy Staff Analytical Note 2024-3 Felipe Alves, Sushant Acharya We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy. Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Monetary policy transmission JEL Code(s): E, E2, E21, E4, E40, E5, E50
February 21, 2024 Safeguarding end-user funds This draft supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act meet their obligations related to safeguarding end-user funds. Content Type(s): Retail payments supervision materials, Supervisory guidelines Topic(s): Supervision
How Do Agents Form Macroeconomic Expectations? Evidence from Inflation Uncertainty Staff Working Paper 2024-5 Tao Wang The uncertainty regarding inflation that is observed in density forecasts of households and professionals helps macroeconomists understand the formation mechanism of inflation expectations. Shocks to inflation take time to be perceived by all agents in the economy, and such rigidity is lower in a high-inflation environment. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy and uncertainty JEL Code(s): D, D8, D84, E, E3, E31, E7, E71
February 14, 2024 Start date for the morning auction of Receiver General cash balances The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, previously announced the government’s intention to reintroduce morning auctions of Receiver General (RG) cash balances. Today, the Bank is announcing that RG auctions will commence on February 21st, 2024, and be conducted daily at 9:15 am. Content Type(s): Press, Market notices
February 14, 2024 Panel participation by Rhys R. Mendes, Deputy Governor of the Bank of Canada On Wednesday, February 14, 2024, Rhys R. Mendes, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the Lazaridis School of Business & Economics at Wilfrid Laurier University. Content Type(s): Press, Media advisories
February 12, 2024 Reconciliation Action Plan The Bank’s Reconciliation Action Plan will guide the Bank as it continues its Reconciliation journey. In line with our mandate, the action plan outlines two interconnected pathways to help us build an equitable and inclusive organizational culture and deepen our understanding of the Indigenous economy.
February 8, 2024 Webpage for Government of Canada purchases of Canada Mortgage Bonds The Bank of Canada is today launching a new webpage with details on the Government of Canada’s purchases of Canada Mortgage Bonds (CMBs). Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings