Posts

• March 9, 2023

  CFEC Meeting (March 9, 2023)

  State Street

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• March 9, 2023

  Understanding the reasons for high inflation

  Speech summary Carolyn Rogers Manitoba Chambers of Commerce Winnipeg, Manitoba

  Speaking a day after we decided to hold the policy rate, Senior Deputy Governor Carolyn Rogers talks about the factors behind high inflation and how we know inflation is falling.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Domestic demand and components, Firm dynamics, Inflation and prices, Inflation targets, Interest rates, International topics, Labour markets, Monetary policy, Price stability, Recent economic and financial developments
• March 8, 2023

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• March 7, 2023

  RPAC Meeting (March 7, 2023)

  Topics: Overview of draft regulations

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee

• We Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress

  Staff Working Paper 2023-15 Anson T. Y. Ho, Kim Huynh, David T. Jacho-Chávez, Geneviève Vallée

  We use detailed consumer credit data to investigate the impact of the 2016 Fort McMurray wildfire, the costliest wildfire disaster in Canadian history, on consumers’ financial stress. We focus on the arrears of insured mortgages because of their important implications for financial institutions and insurers’ business risk and relevant management practices.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Climate change, Credit and credit aggregates, Econometric and statistical methods, Financial stability JEL Code(s): C, C2, C21, D, D1, D12, G, G2, G21, Q, Q5, Q54

• Firms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey

  Staff Analytical Note 2023-3 Ramisha Asghar, James Fudurich, Jane Voll

  Canadian firms’ expectations for high inflation may be influencing their price setting, supporting strong price growth and delays in the transmission of monetary policy. Using data from the Business Outlook Survey, we investigate the reasons behind widespread price growth seen in Canada in 2021 and early 2022.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Firm dynamics, Inflation and prices, Monetary policy transmission, Recent economic and financial developments JEL Code(s): D, D2, D22, E, E3, E31
• February 27, 2023

  CARR Meeting (February 27, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• February 24, 2023

  Merchant Acceptance Survey

  The Merchant Acceptance Survey (MAS) helps the Bank of Canada understand trends when it comes to the methods of payment accepted by Canadian businesses.
• February 24, 2023

  The lifespan of a bank note

  At the Bank of Canada, we assessed the life cycle of bank notes to confirm that polymer notes have a smaller environmental footprint than paper notes. Polymer notes have a longer life and then are recycled.
• February 24, 2023

  The lifespan of a bank note

  At the Bank of Canada, we assessed the life cycle of bank notes to confirm that polymer notes have a smaller environmental footprint than paper notes. Polymer notes have a longer life and then are recycled.

  Content Type(s): Background materials Research Topic(s): Bank notes