September 10, 2003 Fostering Confidence Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia It's great to be back in Vancouver and to renew acquaintances at the Board of Trade. I'm going to spend some time today discussing the Bank of Canada's outlook for the Canadian economy and inflation, and how we are responding. But in order to understand the current economic situation, we need to look at some of the extraordinary events of the past year or so and how those events have affected the economy. Content Type(s): Press, Speeches and appearances, Remarks
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.
September 21, 2026 Navigating uncertainty and adapting to change Remarks Tiff Macklem Halifax Partnership Halifax, Nova Scotia Governor Tiff Macklem discusses how Canadian businesses and households have adapted to structural forces. He then explores how a re-escalation in trade tensions and high energy prices are shifting risks and considers the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation
January 21, 2010 Monetary Policy Report – January 2010 The global economic recovery is under way, supported by continued improvements in fi nancial conditions and stronger domestic demand growth in many emerging-market economies. Content Type(s): Publications, Monetary Policy Report
August 16, 2012 Measurement Bias in the Canadian Consumer Price Index: An Update Bank of Canada Review - Summer 2012 Patrick Sabourin The consumer price index (CPI) is the most commonly used measure to track changes in the overall level of prices. Since it departs from a true cost-of-living index, the CPI is subject to four types of measurement bias—commodity substitution, outlet substitution, new goods and quality adjustment. The author updates previous Bank of Canada estimates of measurement bias in the Canadian CPI by examining these four sources of potential bias. He finds the total measurement bias over the 2005–11 period to be about 0.5 percentage point per year, consistent with the Bank’s earlier findings. Slightly more than half of this bias is caused by the fixed nature of the CPI basket of goods and services. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E3, E31, E5, E52
Endogenous Liquidity and Capital Reallocation Staff working paper 2022-27 Wei Cui, Randall Wright, Yu Zhu We study economies where firms acquire capital in primary markets then retrade it in secondary markets after information on idiosyncratic productivity arrives. Our secondary markets incorporate bilateral trade with search, bargaining and liquidity frictions. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E22, E4, E44 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
December 10, 2025 Monetary Policy Decision Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision. Content Type(s): Press, Speeches and appearances, Opening statements
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
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
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