Benchmarks for assessing labour market health: 2025 update Staff analytical note 2025-17 Fares Bounajm, Tessa Devakos We provide an update on the state of the labour market, which has moved into modest excess supply. We also explore why wage growth measures remain elevated and how US trade policy could affect different parts of the labour market. We update the range of benchmarks in our dashboard of indicators. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, J, J2, J3, J6 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, Demographics and labour supply, International trade, finance and competitiveness
The Production Network Amplification of Retaliatory Tariffs Staff working paper 2026-35 Christian Bustamante, Xing Guo, Lu Han, Soyoung Lee, Gaelan MacKenzie, Mariel Yacolca Maguiña, Jacob Short We develop a framework to quantify how tariff changes on imported goods affect sectoral and aggregate consumption prices through direct and production-network channels. Using Canada's input-output matrix and administrative firm-good import data for the universe of Canadian firms, we estimate price elasticities for tariffs on U.S.-imported goods. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D5, D57, E, E3, E31, F, F1, F13, F14 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, International trade, finance and competitiveness
October 1, 1997 Bank Rate Raised by ¼ Percentage Point Media Relations Ottawa, Ontario The Bank of Canada today raised the Bank Rate and its operating band for the overnight rate by 1/4 of one percentage point. Content Type(s): Press, Press releases
May 30, 2019 Economic progress depends on business investment Speech summary Carolyn A. Wilkins Calgary Chamber of Commerce Calgary, Alberta Senior Deputy Governor Carolyn A. Wilkins talks about the importance of business investment to the Canadian economy and reviews the latest interest rate decision. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
September 28, 2018 Bank of Canada launches The Economy, Plain and Simple Media Relations Ottawa, Ontario Today, the Bank of Canada launched a new digital publication to help Canadians better understand the economy. Content Type(s): Press, Press releases
November 12, 2009 Deputy Governor David Longworth to Retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor David Longworth will retire on 31 March 2010. Content Type(s): Press, Press releases
April 15, 2005 Governor Dodge Discusses How Canada is Adjusting to Global Economic Forces Media Relations New York, New York Bank of Canada Governor David Dodge said today that the Canadian economy is adjusting to powerful global forces and explained what the central bank is doing to help the adjustment process. Content Type(s): Press, Press releases
September 29, 1998 Bank Rate Lowered by ¼ Percentage Point to 5¾ Per Cent Media Relations Ottawa, Ontario The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5¾ per cent. Content Type(s): Press, Press releases
Monetary Policy Tradeoffs Between Financial Stability and Price Stability Staff working paper 2016-49 Malik Shukayev, Alexander Ueberfeldt We analyze the impact of interest rate policy on financial stability in an environment where banks can experience runs on their short-term liabilities, forcing them to sell assets at fire-sale prices. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D6, D62, E, E3, E32, E4, E44, G, G0, G01 Research Theme(s): Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy framework and transmission