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1899 Results

The aggregate and heterogeneous effects of responding to shelter inflation

Staff analytical paper 2026-5 Michael Irwin, Matías Vieyra
This note examines how monetary policy responses to shelter inflation affect both the overall economy and different households. We find that the aggregate macroeconomic effects of responding to shelter inflation are modest, whereas the redistributive consequences across households are substantially larger.
June 16, 2020

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario
Introduction Good afternoon, Chair and committee members. It is an honour for me to appear before you as the 10th Governor of the Bank of Canada. I look forward to working with parliamentarians over the next seven years through regular appearances before committees of the House and Senate. These are an important part of the […]
July 12, 2010

Business Outlook Survey - Summer 2010

For the first time in two years, firms, on balance, reported an improvement in their past sales activity. While the balances of opinion on future sales growth and investment are lower than in recent surveys, and firms are concerned about global uncertainties, overall, they are positive about the outlook for business activity over the next 12 months.
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