October 16, 2023
Publications
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September 20, 2023
Summary of Governing Council deliberations: Fixed announcement date of September 6, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 6, 2023. -
August 25, 2023
Quarterly Financial Report - Second Quarter 2023
Quarterly Financial Report - Second Quarter 2023 - For the period ended June 30, 2023 -
July 26, 2023
Summary of Governing Council deliberations: Fixed announcement date of July 12, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 12, 2023. -
July 24, 2023
Market Participants Survey—Second Quarter of 2023
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. -
July 12, 2023
Monetary Policy Report – July 2023
Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. -
June 30, 2023
Linking the chains
The things we buy come out of complex production chains that span the globe. -
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June 30, 2023
Business Outlook Survey—Second Quarter of 2023
Results from the Business Outlook Survey for the second quarter of 2023, along with those from the April, May and June 2023 Business Leaders’ Pulse surveys, suggest that capacity pressures remain elevated and expectations of significant price increases continue to be widespread. Firms anticipate that sales growth will begin to moderate from exceptionally high rates as signs of greater uncertainty emerge. -
June 30, 2023
Canadian Survey of Consumer Expectations—Second Quarter of 2023
Inflation expectations for one to two years ahead have come down again but remain well above their levels from before the COVID-19 pandemic. The higher cost of living is the most pressing concern for consumers, and along with elevated interest rates, continues to constrain most households’ spending. Homeowners who are planning to renew their mortgage over the next two years and who expect significantly higher payments are likely to plan spending cuts. Some households though are starting to think the worst is behind them. Consumer confidence about the future of the economy has improved alongside their lower inflation expectations. Expected lower interest rates and strong immigration, which boosts housing demand, are behind consumers’ view that housing market will increase over the next year. Workers remain confident about jobs.