Price stability

• November 22, 2023

  Ending the pain of high inflation

  Remarks Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick

  Bank of Canada Governor Tiff Macklem explains how high inflation is hurting Canadians and how monetary policy is working to bring inflation back to target.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
• November 22, 2023

  Fighting to get back to low inflation

  Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick

  Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
• October 3, 2023

  How price setting influences inflation

  Speech summary Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Deputy Governor Nicolas Vincent talks about how companies set their prices, how those practices changed during the pandemic and why this remains a risk for inflation.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Firm dynamics, Inflation and prices, Price stability
• October 3, 2023

  Understanding the unusual: How firms set prices during periods of high inflation

  Remarks Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Deputy Governor Nicolas Vincent discusses how firms set their prices and how pricing behaviour changed in our recent environment of high inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Firm dynamics, Inflation and prices, Price stability
• September 19, 2023

  Household differences and monetary policy

  Speech summary Sharon Kozicki University of Regina Regina, Saskatchewan

  Deputy Governor Sharon Kozicki talks about how differences in debt, income and savings across households shaped their experience through the COVID-19 pandemic and how this is affecting monetary policy now.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Housing, Inflation and prices, Interest rates, Monetary policy transmission, Price stability
• September 19, 2023

  Rebalancing the economy while managing risks

  Remarks Sharon Kozicki University of Regina Regina, Saskatchewan

  Bank of Canada Deputy Governor Sharon Kozicki talks about how household differences have affected the way that monetary policy is transmitted. She also discusses how the Bank is considering the role of mortgage interest costs in inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Housing, Inflation and prices, Interest rates, Monetary policy transmission, Price stability
• September 7, 2023

  Staying the course

  Speech summary Tiff Macklem Calgary Chamber of Commerce Calgary, Alberta

  Speaking a day after we decided to maintain the policy interest rate at 5%, Governor Tiff Macklem explores some key factors behind the decision. He also explains why the 2% inflation target supports a stable economy and greater prosperity for households and businesses.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Credibility, Domestic demand and components, Expectations, Firm dynamics, Inflation and prices, Inflation targets, Inflation: costs and benefits, Labour markets, Monetary policy, Monetary policy framework, Monetary policy transmission, Price stability, Recent economic and financial developments
• September 7, 2023

  Economic progress report: Target in sight, but we’re not there yet

  Remarks Tiff Macklem Calgary Chamber of Commerce Calgary, Alberta

  Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s happening with inflation beyond the headline numbers. He also discusses why the Bank’s 2% inflation target is the right one.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Domestic demand and components, Expectations, Firm dynamics, Inflation and prices, Inflation targets, Inflation: costs and benefits, Labour markets, Monetary policy, Monetary policy framework, Monetary policy transmission, Price stability, Recent economic and financial developments
• June 8, 2023

  Economic progress report: Are we entering a new era of higher interest rates?

  Remarks Paul Beaudry Greater Victoria Chamber of Commerce Victoria, British Columbia

  Deputy Governor Paul Beaudry discusses the latest interest rate decision and suggests reasons why longer-term interest rates could remain higher than they were before the pandemic.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Housing, Inflation and prices, Inflation targets, Interest rates, Labour markets, Monetary policy, Monetary policy transmission, Price stability, Recent economic and financial developments, Service sector
• June 8, 2023

  Adjusting to higher interest rates

  Speech summary Paul Beaudry Greater Victoria Chamber of Commerce Victoria, British Columbia

  Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons why long-term interest rates could remain higher than they were before the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Housing, Inflation and prices, Inflation targets, Interest rates, Labour markets, Monetary policy, Monetary policy transmission, Price stability, Recent economic and financial developments, Service sector