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    Monetary Policy Report – January

    Monetary Policy Report – January 2023

    Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024.

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    Speech: 21st National Bank Financial Services Conference

    Market liquidity measures taken during COVID — Deputy Governor Toni Gravelle speaks before the 21st National Bank Financial Services Conference (12:45 (ET) approx.).

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  • Is Hysteresis a Characteristic of the Canadian Labour Market? A Tale of Two Studies

    Staff Working Paper 1992-3 Stephen S. Poloz, Gordon Wilkinson
    This paper replicates and extends the econometric work of two previous studies of output-inflation dynamics in Canada -- Fortin (1991) and Cozier and Wilkinson (1991) -- in an attempt to reconcile their divergent conclusions.
    Content Type(s): Staff research, Staff working papers
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