Posts

• February 18, 2025

  How is the Bank of Canada run?

  The Bank of Canada is a Crown corporation that is run independently from the government.

  Content Type(s): Explainers
• February 18, 2025

  Is the Bank of Canada independent from government?

  The Bank of Canada is a Crown corporation that is owned by the federal government, but we are separate from the political process.

  Content Type(s): Explainers

• Breaking Down the US Employment Multiplier Using Micro­-Level Data

  Staff Working Paper 2025-8 Edoardo Briganti, Holt Dwyer, Ricardo Duque Gabriel, Victor Sellemi

  Using newly matched data on US defense contracts and restricted administrative employment data, we show that the employment effects of defense procurement are costly, concentrated and slow to diffuse.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Fiscal policy JEL Code(s): E, E6, E62, H, H5, H57, J, J2, J21

• Markups, Pass-Through, and Firm Heterogeneity with Sequentially Mixed Search

  Staff Working Paper 2025-7 Alex Chernoff, Allen Head, Beverly Lapham

  Market power and pass-through of cost and demand shocks are studied in a market with free entry of heterogeneous firms and consumer mixed search. Equilibrium prices and markups are driven by variation in the elasticity of demand across firms. Improved conditions for buyers can either raise or lower market power.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Service sector JEL Code(s): D, D2, D21, D4, D43, E, E3, E31, L, L1, L11
• February 13, 2025

  Procurement Policy Statement

  The Bank of Canada requires that its resources be used effectively and efficiently to obtain appropriate value for money.
• February 12, 2025

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, February 12, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 29, 2025. 

  Content Type(s): Press, Media advisories
• February 12, 2025

  Summary of Governing Council deliberations: Fixed announcement date of January 29, 2025

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 29, 2025.

  Content Type(s): Publications, Summary of deliberations
• February 11, 2025

  Bank of Canada announces appointment of second external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Michelle Alexopoulos as an external Deputy Governor for a term of two years, effective March 17, 2025.

  Content Type(s): Press, Press releases
• February 11, 2025

  Governing Council and Senior Management

  The Governing Council is the policy-making body of the Bank. It consists of the Governor, Senior Deputy Governor, and four Deputy Governors. It is responsible for monetary policy, decisions aimed at promoting a sound and stable financial system, and the strategic direction of the Bank.
• February 10, 2025

  Market Participants Survey—Fourth Quarter of 2024

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey