October 7, 2022 CARR agrees to begin process of developing Term CORRA benchmark On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
Examining recent revisions to CPI-common Staff Analytical Note 2022-15 Elyse Sullivan Unusually large revisions to CPI-common in recent months stem from increased common movements across consumer price index components amid broad inflationary pressures. With recent revisions, CPI-common is more closely aligned with the Bank of Canada’s other two preferred measures of core inflation. However, caution is necessary when interpreting real-time estimates of CPI-common in the current environment. Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C18, E, E3, E31
October 6, 2022 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show Cost of Living. Content Type(s): Press, Media advisories
October 6, 2022 Bank of Canada Media Interview – Global National News Tiff Macklem, Governor of the Bank of Canada, gave an interview to Dawna Friesen. Content Type(s): Press, Media advisories
October 6, 2022 Global National Tiff Macklem, Governor of the Bank of Canada Interview with Global National Content Type(s): Press, Media activities
October 6, 2022 What’s happening to inflation and why it matters Remarks Tiff Macklem Halifax Chamber of Commerce Halifax, Nova Scotia Governor Tiff Macklem discusses how inflation has evolved in recent months and explains what the Bank is watching as it takes action to return inflation to target. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Price stability, Recent economic and financial developments, Service sector
October 6, 2022 Restoring price stability for all Canadians Speech summary Tiff Macklem Halifax Chamber of Commerce Halifax, Nova Scotia Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to bring inflation back to the 2% target. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Price stability, Recent economic and financial developments, Service sector