June 19, 2024 What you pay for at the pump Kun Mo Several factors help set gasoline prices: the costs of crude oil, refining, transporting, retailing and marketing gas, as well as taxes. Content Type(s): Publications, The Economy, Plain and Simple
December 21, 2023 How higher interest rates affect inflation When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
June 30, 2023 Exploring global value and supply chains Patrick Alexander, Chris D'Souza, Yuko Imura, Lena Suchanek The things we buy come out of complex production chains that span the globe. Understanding these connections is crucial for today's economies. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Currency, Digital currency, Financial system, Financial markets, Fintech, Monetary policy, Economy/Economic growth
June 30, 2023 Canada’s regional economies David Amirault, Matthieu Verstraete, Sarah Miller Strength from diversity Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth
July 4, 2022 Household differences and why they matter Sharon Kozicki Differences in income, wealth and debt across households are important—for the economy, for the health of the financial system and for monetary policy. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
October 7, 2020 The payoffs of higher education Youngmin Park, Gabriela Galassi, Natalia Kyui More education typically leads to higher pay, but as more people become educated, wages can decrease. Your education choices significantly affect your future earning potential. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
August 25, 2020 Our COVID-19 response: Large-scale asset purchases Paul Beaudry The Bank of Canada has taken many actions to support Canadians since the COVID-19 pandemic struck. These include large-scale asset purchases—buying a substantial amount of government bonds and other financial assets. Our purchases serve two purposes. They help key financial markets work properly, and they can help increase spending in the economy. This leads to more employment and stronger economic growth. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation targeting framework
July 6, 2020 A road map to payment systems Paul Miller, Ariel Olivares Your money on the move Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech
June 30, 2020 Our COVID-19 response: Navigating diverse economic impacts Lawrence L. Schembri The pandemic and related measures to control the spread of the virus have deeply affected Canadians and the Canadian economy. The impacts have been different across sectors and regions. The economic recovery will also vary across the country as local economies start to reopen. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
June 29, 2020 Our COVID-19 response: Supporting operations Filipe Dinis When the realities of the COVID-19 pandemic became clear, the Bank moved quickly to adapt its internal operations and support business continuity in our financial system. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Financial system, Financial markets, Financial stability