October 26, 2022
Posts
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October 26, 2022
Zone économie on Radio-Canada
Tiff Macklem, Governor of the Bank of Canada
Interview with Zone économie on Radio-Canada -
October 26, 2022
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
October 26, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. -
October 26, 2022
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, October 26, 2022, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. -
October 26, 2022
Monetary Policy Report – October 2022
While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024. -
October 17, 2022
Panel participation by Carolyn Rogers, Senior Deputy Governor of the Bank of Canada
On Monday, October 17, 2022, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will participate in a panel discussion at the Toronto Centre’s 25th Anniversary Event. -
October 17, 2022
The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations
On Monday, October 17, 2022, the Bank of Canada will release the Business Outlook Survey for the third quarter of 2022 and the latest results of the Canadian Survey of Consumer Expectations. -
October 17, 2022
Business Outlook Survey—Third Quarter of 2022
Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high. -
October 17, 2022
Canadian Survey of Consumer Expectations—Third Quarter of 2022
This survey took place between August 2 and August 23, 2022. Follow-up interviews took place in September. Expectations for inflation one to two years ahead have continued to rise because consumers anticipate supply chain disruptions and elevated oil prices will persist. In contrast, expectations for inflation five years ahead have eased to near pre-pandemic levels. Still, consumers are more divided this quarter about where inflation will end up in the long term.