April 13, 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.
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April 13, 2022
Bank of Canada provides operational details for quantitative tightening and announces that it will continue to implement monetary policy using a floor system
As announced on April 13, 2022, the Bank of Canada is ending the reinvestment phase of its asset purchase program and beginning quantitative tightening (QT). -
April 13, 2022
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening
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%. -
April 13, 2022
Monetary Policy Report – April 2022
Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023. -
April 4, 2022
Chartered banks: Home equity lines of credit (HELOCs)
Quarter-end data on chartered bank HELOCs and related products for residential secured lending whose properties are located in Canada (excluding business loans). -
Exports and the Exchange Rate: A General Equilibrium Perspective
How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada. -
What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada
COVID-19 affects technology adoption: online job postings for technology-related occupations fall less during pandemic lockdowns and pick up faster during reopenings than postings for more traditional occupations. -
April 4, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (April 11-22)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
Addictive Platforms
We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service. -
April 4, 2022
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.