News

• December 13, 2021

  Opening statement by Tiff Macklem

  Opening statement Tiff Macklem National Press Theatre Ottawa, Ontario

  Governor Tiff Macklem discusses the renewed monetary policy framework agreed upon by the Government of Canada and the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation targets, Monetary policy communications, Monetary policy framework, Monetary policy implementation
• December 13, 2021

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Monetary Policy Framework

  Media Relations Ottawa, Ontario

  The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life.

  Content Type(s): Press, Press releases
• December 9, 2021

  Keeping our eyes on inflation

  Speech summary Toni Gravelle Surrey Board of Trade Surrey, British Columbia

  Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks and high inflation and why the Bank thinks both will ease over time.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Domestic demand and components, Inflation and prices, Inflation targets, Interest rates, Monetary policy and uncertainty, Recent economic and financial developments, Service sector
• December 8, 2021

  Bank of Canada maintains policy rate and forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases
• November 30, 2021

  Bank of Canada and partners host Symposium on Indigenous Economies

  Media Relations Ottawa, Ontario

  On November 29 and 30, the Bank of Canada, in partnership with the Tulo Centre of Indigenous Economics and Te Pūtea Matua (Reserve Bank of New Zealand), hosted the inaugural Symposium on Indigenous Economies.

  Content Type(s): Press, Press releases
• November 29, 2021

  The Indigenous economy in Canada: Partnering to promote

  Presentation (delivered virtually) Lawrence L. Schembri Symposium on Indigenous Economies Ottawa, Ontario

  As part of a panel of central bankers, Deputy Governor Lawrence Schembri speaks about economic reconciliation and why it is “completely consistent with the Bank’s mandate.”

  Content Type(s): Press, Speeches and appearances, Presentations
• November 29, 2021

  Opening Statement before the Symposium on Indigenous Economies

  Opening statement (delivered virtually) Tiff Macklem Symposium on Indigenous Economies Ottawa, Ontario

  Governor Tiff Macklem speaks about the need for a more inclusive economy and says “taking concrete steps toward economic reconciliation is our responsibility too.”

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 23, 2021

  Checking up on Canada’s financial system

  Speech summary Paul Beaudry Ontario Securities Commission Toronto, Ontario

  Deputy Governor Paul Beaudry speaks about the strength and resilience of the financial system throughout the COVID-19 pandemic and economic recovery. He also outlines key vulnerabilities and risks going forward.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Asset pricing, Central bank research, Climate change, Coronavirus disease (COVID-19), Financial institutions, Financial stability, Housing, Interest rates
• November 23, 2021

  Bank of Canada announces finalists for the seventh annual Governor’s Challenge

  The Bank of Canada has announced the five finalist teams in the 2021–22 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge
• November 16, 2021

  Measuring changes to the labour market

  Speech summary Lawrence L. Schembri Canadian Association for Business Economics Toronto, Ontario

  Deputy Governor Lawrence Schembri discusses how the Canadian labour market has changed during the pandemic. He explains why better tools to measure the health of the job market will help the Bank of Canada set monetary policy that supports the recovery.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Economic models, Inflation targets, Labour markets, Monetary policy and uncertainty, Potential output