News - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T20:10:40+00:00The Bank of Canada Museum is reopening
https://www.bankofcanada.ca/2022/04/bank-museum-reopening/
The Bank of Canada Museum will reopen on May 12, 2022, after being closed for the past two years due to the COVID-19 pandemic.2022-04-29T08:00:30+00:00enThe Bank of Canada Museum is reopening2022-04-29Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
https://www.bankofcanada.ca/2022/04/opening-statement-270422/
2022-04-27T18:30:59+00:00Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce2022-04-27Tiff MacklemThe Bank of Canada Releases Its Annual Report for 2021
https://www.bankofcanada.ca/2022/04/bank-canada-releases-annual-report-2021/
The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website.2022-04-26T16:00:59+00:00enThe Bank of Canada Releases Its Annual Report for 20212022-04-26Opening Statement before the House of Commons Standing Committee on Finance
https://www.bankofcanada.ca/2022/04/opening-statement-250422/
2022-04-25T11:00:39+00:00Opening Statement before the House of Commons Standing Committee on Finance2022-04-25Tiff MacklemMonetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2022/04/opening-statement-2022-04-13/
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2022-04-13T11:00:47+00:00Monetary Policy Report Press Conference Opening Statement2022-04-13Tiff MacklemBank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening
https://www.bankofcanada.ca/2022/04/fad-press-release-2022-04-13/
The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.2022-04-13T10:01:38+00:00enBank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening2022-04-13Monetary Policy Report – April 2022
https://www.bankofcanada.ca/2022/04/mpr-2022-04-13/
Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.2022-04-13T10:00:40+00:00enMonetary Policy Report – April 20222022-04-13Business Outlook Survey—First Quarter of 2022
https://www.bankofcanada.ca/2022/04/business-outlook-survey-first-quarter-of-2022/
In the first-quarter 2022 Business Outlook Survey, reports of labour-related capacity constraints and supply chain challenges remain widespread. Given these pressures and robust demand, businesses anticipate stronger price growth—and they expect the Russian invasion of Ukraine to add more cost pressures. As public health restrictions ease, firms that were hit hard during the pandemic anticipate their sales will pick up.2022-04-04T10:30:25+00:00enBusiness Outlook Survey—First Quarter of 20222022-04-04Canadian Survey of Consumer Expectations—First Quarter of 2022
https://www.bankofcanada.ca/2022/04/canadian-survey-of-consumer-expectations-first-quarter-of-2022/
This survey took place in mid-February 2022 before Russia invaded Ukraine on February 24, 2022. Follow-up interviews took place in March and provide some insight into how consumers perceive the effects of the conflict. Short-term inflation expectations have reached record-high levels because of supply disruptions and the COVID 19 pandemic. Consumers think the Russian invasion of Ukraine will make high inflation worse. Despite greater concerns about inflation today, longer-term expectations have remained stable and are below pre-pandemic levels. This suggests that long-term inflation expectations remain well anchored and that survey respondents believe the current rise in inflation will not last. Although workers anticipate significant price increases in the near term, they believe their wages will increase only modestly. This is a source of dissatisfaction for them. Despite expecting higher interest rates, consumers continue to anticipate strong spending growth on a broad range of goods and services.2022-04-04T10:29:16+00:00enCanadian Survey of Consumer Expectations—First Quarter of 20222022-04-04