Downward Nominal Wage Rigidity, Inflation and Unemployment: New Evidence Using Micro‐Level Data Staff analytical note 2017-6 Dany Brouillette, Natalia Kyui Recent evidence suggests that the extent of downward nominal wage rigidity (DNWR) in the Canadian labour market has risen following the 2008–09 recession (see Brouillette, Kostyshyna and Kyui 2016). Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E24, E3, E31, J, J3, J30 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, Demographics and labour supply
September 14, 2017 Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal” Remarks Lawrence L. Schembri Ottawa, Ontario Deputy Governor Lawrence Schembri opens the Bank’s Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal workshop. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
February 24, 2015 Inflation Control Must Consider Financial Stability Concerns, Says Governor Stephen S. Poloz Media Relations London, Ontario Policymakers should heed history’s lessons as they reinvent central banking in the aftermath of the Great Recession, Bank of Canada Governor Stephen S. Poloz said today. In the inaugural President’s Lecture at Western University, the Governor discussed the evolution of central bank policy and the need to promote both price and financial stability. Many central […] Content Type(s): Press, Press releases
February 24, 2012 Flexible Inflation Targeting Appropriate Framework for All Seasons, Says Bank of Canada Governor Mark Carney Media Relations New York, New York In a speech today to the U.S. Monetary Policy Forum, Bank of Canada Governor Mark Carney reviewed the advantages of Canada’s flexible inflation-targeting regime. Citing a “complex and continuously evolving world that no one can predict with certainty,” Governor Carney said that flexible inflation targeting “provides a robust framework for all seasons.” A flexible inflation-targeting […] Content Type(s): Press, Press releases
September 27, 2017 Monetary policy data dependent given unknowns in inflation outlook, Bank of Canada Governor Poloz says Media Relations St. John's, Newfoundland and Labrador The Bank of Canada’s approach to monetary policy has become particularly data dependent, because of significant unknowns around the inflation outlook as the Canadian economy nears its potential, Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
December 12, 2019 Inflation-target renewal, impact of technology highlight Bank of Canada’s 2020 work plan, Governor Poloz says Media Relations Toronto, Ontario Work toward renewing Canada’s inflation-targeting framework and understanding the impact of digital technology highlight a packed agenda for the Bank of Canada in 2020, Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
February 10, 2010 Consumer price index 2000 to present: includes CPI-trim, CPI-median, and CPI-common as well as other “core” inflation measures.
October 24, 2016 Letter from the Governor to the Minister of Finance regarding the Renewal of the Inflation-Control Target – Dated 21 September 2016 Cover letter outlining the Bank’s recommendations for the target agreement, and detailing the Bank’s research of key issues related to the renewal.
January 20, 2021 Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. Content Type(s): Press, Press releases
November 23, 2011 Canada’s Inflation-Targeting Regime Enhances Economic Well-Being of Canadians, Says Bank of Canada Governor Mark Carney Media Relations Montréal, Quebec The effectiveness of Canada’s inflation-targeting regime, adopted in 1991, is well established, and partly responsible for the strength and relative stability of the Canadian economy, Governor Mark Carney of the Bank of Canada said today. “Over the past twenty years, Canadians have enjoyed a more stable and prosperous economic environment. Even during the recent crisis, […] Content Type(s): Press, Press releases