October 26, 2022
News
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October 17, 2022
Business Outlook Survey—Third Quarter of 2022
Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high. -
October 17, 2022
Canadian Survey of Consumer Expectations—Third Quarter of 2022
This survey took place between August 2 and August 23, 2022. Follow-up interviews took place in September. Expectations for inflation one to two years ahead have continued to rise because consumers anticipate supply chain disruptions and elevated oil prices will persist. In contrast, expectations for inflation five years ahead have eased to near pre-pandemic levels. Still, consumers are more divided this quarter about where inflation will end up in the long term. -
October 6, 2022
Restoring price stability for all Canadians
Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to bring inflation back to the 2% target. -
September 28, 2022
Bank of Canada welcomes IMF report following transparency review
The Bank of Canada today welcomed the publication by the International Monetary Fund (IMF) of its final report summarizing its pilot review of the Bank’s transparency practices. -
September 20, 2022
Anatomy of a pandemic: Applying old lessons and learning from new ones
Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID-19 pandemic. He also talks about how managing inflation expectations can help bring inflation back to target. -
September 8, 2022
Getting inflation back to normal
Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to get inflation back under control. -
September 7, 2022
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. -
September 1, 2022
Bank of Canada launches the 2023 Fellowship Program awards
The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2023 Fellowship and Governor’s awards. -
August 25, 2022
Bank of Canada launches process to appoint new non-executive Deputy Governor
Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on September 16, the Board of Directors of the Bank has initiated a recruitment process to fill the vacancy on Governing Council.