News

• October 11, 2024

  Canadian Survey of Consumer Expectations—Third Quarter of 2024

  Consumers’ perceptions of current inflation and their expectations for inflation over the next year have declined this quarter, although they remain higher than they were before the COVID‑19 pandemic. Perceptions of financial stress have improved. And, given recent interest rate cuts and lower inflation, fewer consumers reported reducing their spending. However, consumers expect interest rates to remain elevated, which is affecting their spending decisions. Perceptions of the labour market have weakened further, with young consumers reporting a more pronounced deterioration than others. Still, overall, job prospects are close to survey averages.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• October 10, 2024

  Bank of Canada to begin publishing web-based Monetary Policy Report

  The Bank of Canada will begin releasing its Monetary Policy Report (MPR) as an interactive, web-based publication on October 23, 2024.

  Content Type(s): Press, Announcements
• October 3, 2024

  Bank of Canada Board launches process to appoint additional external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada has initiated a recruitment process to fill a new external Deputy Governor position. The Board has formed a selection committee to spearhead the selection process and has retained recruitment firm Boyden to assist with the open external search process.

  Content Type(s): Press, Press releases
• October 1, 2024

  The Bank of Canada Museum launches a new free educational resource “You Are the Economy”

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is excited to introduce “You Are the Economy,” a comprehensive suite of six free lesson plans on economic and financial literacy for Grade 7–12 students across Canada.

  Content Type(s): Press, Press releases
• September 24, 2024

  Economic growth during uncertain times

  Remarks Tiff Macklem IIF-CBA Forum Toronto, Ontario

  Governor Tiff Macklem discusses global uncertainty, and the Bank of Canada’s role in mitigating and managing risks to our economy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial stability, Inflation and prices, Interest rates, International topics, Monetary policy and uncertainty, Recent economic and financial developments
• September 23, 2024

  Bank of Canada announces Reconciliation Action Plan

  Media Relations Ottawa, Ontario

  The Bank of Canada today unveiled its first Reconciliation Action Plan.

  Content Type(s): Press, Press releases
• September 20, 2024

  Artificial intelligence, the economy and central banking

  Remarks Tiff Macklem National Bureau of Economic Research, Economics of Artificial Intelligence Conference Toronto, Ontario

  Bank of Canada Governor Tiff Macklem discusses how artificial intelligence could impact the economy, and outlines some of the implications for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Financial stability, Inflation and prices, Labour markets, Monetary policy and uncertainty, Productivity
• September 19, 2024

  Getting to a monetary policy decision

  Speech summary Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec

  External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Credibility, Economic models, Inflation and prices, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy framework, Monetary policy transmission
• September 18, 2024

  Summary of Governing Council deliberations: Fixed announcement date of September 4, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 4, 2024.

  Content Type(s): Publications, Summary of deliberations
• 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