Monetary policy framework

• December 12, 2019

  The Bank of Canada’s plans for 2020

  Speech summary Stephen S. Poloz Empire Club of Canada Toronto, Ontario

  In his traditional year-end speech, Governor Stephen S. Poloz described some of the long-term forces affecting the global and Canadian economies that will shape the Bank’s work in 2020.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Digital currencies and fintech, Economic models, Inflation targets, International topics, Monetary policy framework, Productivity
• December 12, 2019

  Big Issues Ahead: The Bank’s 2020 Vision

  Remarks Stephen S. Poloz Empire Club of Canada Toronto, Ontario

  Governor Stephen S. Poloz discusses how long-term global economic forces will drive the Bank of Canada’s work agenda in 2020 and beyond.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Digital currencies and fintech, Economic models, Inflation targets, International topics, Monetary policy framework, Productivity
• December 5, 2019

  Economic Progress Report: Charting Our Own Course

  Remarks Timothy Lane Ottawa Board of Trade Ottawa, Ontario

  Deputy Governor Timothy Lane talks about the different monetary policy paths taken by Canada and the United States over the last decade and reviews the Bank of Canada’s latest interest rate decision.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Monetary policy, Monetary policy framework, Recent economic and financial developments
• December 5, 2019

  Canadian economy resilient despite global uncertainty

  Speech summary Timothy Lane Ottawa Board of Trade and Ottawa Business Journal Ottawa, Ontario

  Speaking a day after we decided to hold interest rates steady, Deputy Governor Timothy Lane explained that Canada’s economy remains resilient.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Monetary policy, Monetary policy framework, Recent economic and financial developments

• Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution

  Staff Discussion Paper 2019-11 Stephen S. Poloz

  This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the “fourth industrial revolution.”

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial stability, Monetary policy and uncertainty, Monetary policy framework JEL Code(s): C, C5, E, E3, O, O1, O11, O3, O33
• September 5, 2019

  Economic Progress Report: Inflation in Canada—Well Behaved and Well Controlled

  Remarks Lawrence L. Schembri Halifax Regional Chamber of Commerce Halifax, Nova Scotia

  Deputy Governor Lawrence Schembri discusses the Bank’s latest interest rate announcement and the behaviour of inflation in Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Inflation targets, Monetary policy, Monetary policy framework, Recent economic and financial developments
• September 5, 2019

  Canadian economy resilient even as global outlook worsens

  Speech summary Lawrence L. Schembri Halifax Chamber of Commerce Halifax, Nova Scotia

  Speaking a day after we decided to hold interest rates steady, Deputy Governor Lawrence Schembri discussed the key points Governing Council considered in their decision.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Inflation targets, Monetary policy, Monetary policy framework, Recent economic and financial developments

• A Comprehensive Evaluation of Measures of Core Inflation in Canada: An Update

  Staff Discussion Paper 2019-9 Helen Lao, Ceciline Steyn

  We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct of monetary policy. We find that the Bank of Canada’s current preferred measures of core inflation—CPI-trim, CPI-median and CPI-common—continue to outperform alternative core measures across a range of criteria.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices, Monetary policy framework JEL Code(s): E, E3, E31, E5, E52
• June 17, 2019

  Flexible Exchange Rates, Commodity Prices and Price Stability

  Remarks Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta

  Deputy Governor Lawrence Schembri speaks before the Economics Society of Northern Alberta (ESNA).

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Exchange rate regimes, Exchange rates, Financial markets, Inflation targets, Monetary policy framework
• June 17, 2019

  The merits of a floating exchange rate

  Speech summary Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta

  Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Exchange rate regimes, Exchange rates, Financial markets, Inflation targets, Monetary policy framework