Posts

• Assessing the US and Canadian neutral rates: 2025 update

  Staff Analytical Note 2025-16 Frida Adjalala, Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Ingomar Krohn, Jan David Schneider

  We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range assessed in 2024.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Economic models, Interest rates, Monetary policy JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41

• Assessing global potential output growth: April 2025

  Staff Analytical Note 2025-15 Samuel Boulanger, Raheeb Dastagir, Daniel de Munnik, Eshini Ekanayake, Kun Mo, Walter Muiruri, Faiza Noor, Sabreena Obaid, Louis Poirier

  This note presents the annual update of Bank of Canada staff estimates for growth in global potential output. These estimates served as key inputs to the analysis supporting the April 2025 Monetary Policy Report.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Potential output, Productivity JEL Code(s): E, E1, E2, F, F0, F1, O, O3, O33, O4

• Potential output in Canada: 2025 assessment

  Staff Analytical Note 2025-14 Selam Abraham, Dany Brouillette, Alex Chernoff, Christopher Hajzler, Stéphanie Houle, Mark Kim, Temel Taskin

  We explore two scenarios for potential output growth to gain insights into the economic consequences associated with different possible trade policies. Scenario 1 includes limited US tariffs on Canadian exports. Scenario 2 adds a permanent, broad-based 25% increase in US tariffs on imports from all countries excluding Canada and Mexico.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Economic models, Labour markets, Monetary policy, Potential output, Productivity JEL Code(s): E, E2, E3, E4, E5
• June 5, 2025

  CFEC Meeting (June 5, 2025)

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• June 5, 2025

  Reaching out for a clearer view of the economy

  Speech summary Sharon Kozicki C.D. Howe Institute Toronto, Ontario

  Speaking a day after we decided to keep the policy interest rate at 2.75%, Deputy Governor Sharon Kozicki discusses how we make better decisions by looking at a variety of data and talking with Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Business fluctuations and cycles, Credibility, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• June 5, 2025

  Talking to Canadians: How real-world insights shape monetary policy

  Remarks Sharon Kozicki C.D. Howe Institute Toronto, Ontario

  Deputy Governor Sharon Kozicki talks about how the Bank of Canada is using non-traditional data to better inform its monetary policy decisions.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Credibility, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• June 5, 2025

  Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada

  On Thursday, June 5, 2025, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak before C.D. Howe Institute in Toronto.

  Content Type(s): Press, Media advisories
• June 4, 2025

  Radio-Canada Midi info

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Midi info on Radio-Canada

  Content Type(s): Press, Media activities
• June 4, 2025

  Bank of Canada Media Interview – The Canadian Press

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Craig Lord of the Canadian Press.

  Content Type(s): Press, Media advisories
• June 4, 2025

  Bank of Canada Media Interview – Midi info

  Tiff Macklem, Governor of the Bank of Canada, will speak to Alec Castonguay of Ici Radio-Canada Première’s Midi info at around 12:10 p.m. (ET).

  Content Type(s): Press, Media advisories