March 30, 1995 Uncertainty and the Transmission of Monetary Policy in Canada Lecture Gordon Thiessen York University, Glendon College Toronto, Ontario Just over seven years ago, my predecessor, John Crow, delivered the Hanson Memorial Lecture at the University of Alberta. In it, he discussed a number of issues relating to the conduct of Canadian monetary policy, including the goal of monetary policy, the transmission mechanism, the use of monetary aggregates as policy guides, financial market uncertainty, and the role of the exchange rate Content Type(s): Press, Speeches and appearances, Lectures
April 18, 2018 Monetary Policy Report – April 2018 The Bank’s new forecast calls for economic growth of 2.0 percent this year, 2.1 per cent in 2019 and 1.8 per cent in 2020. Content Type(s): Publications, Monetary Policy Report
October 7, 1997 Challenges ahead for monetary policy Remarks Gordon Thiessen Vancouver Board of Trade Vancouver, British Columbia Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face! Content Type(s): Press, Speeches and appearances, Remarks
December 23, 2025 Summary of Governing Council deliberations: Fixed announcement date of December 10, 2025 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 10, 2025. Content Type(s): Publications, Summary of deliberations
September 14, 2000 The Outlook for the Canadian Economy and the Conduct of Monetary Policy Remarks Gordon Thiessen Calgary Chamber of Commerce Calgary, Alberta Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable. Content Type(s): Press, Speeches and appearances, Remarks
April 7, 2009 Price-Level Uncertainty, Price-Level Targeting, and Nominal Debt Contracts Bank of Canada Review - Spring 2009 Allan Crawford, Césaire Meh, Yaz Terajima Many central banks around the world have embraced inflation targeting as a monetary policy framework. Interest is growing, however, in price-level targeting as an alternative. The choice of frameworks has important consequences for financial contracts, most of which are not fully indexed to the price level. Changes in the price level therefore lead to changes in the real value of contracts. Content Type(s): Publications, Bank of Canada Review articles
July 17, 2013 Monetary Policy Report – July 2013 Following growth of 1.7 per cent in 2012, the Canadian economy is expected to grow by 1.8 per cent in 2013 and 2.7 percent in 2014 and 2015, and to reach full capacity in mid-2015, as anticipated in the April Report. Content Type(s): Publications, Monetary Policy Report
January 28, 2026 Monetary Policy Report—January 2026—Canadian economy—Outlook US trade restrictions have disrupted the Canadian economy, leading to structural adjustments that will take time to unfold. Economic growth is expected to remain modest. Excess supply roughly offsets upward cost pressures over the projection horizon, keeping inflation close to the 2% target.
Assessing the Impact of Demand Shocks on the US Term Premium Staff discussion paper 2018-7 Russell Barnett, Konrad Zmitrowicz During and after the Great Recession of 2008–09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more commonly known as quantitative easing or QE, to provide additional monetary stimulus. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E43, E5, E52, E58, E6, E61, E65, G, G1, G12 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
June 4, 2020 Economic progress report: keeping markets working Remarks (delivered virtually) Toni Gravelle Greater Sudbury Chamber of Commerce Sudbury, Ontario Deputy Governor Toni Gravelle discusses the Bank’s latest interest rate announcement and explains how efforts to keep financial markets functioning through the COVID-19 crisis will lay a solid foundation for economic recovery Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework