April 30, 2020 Research Update - April 2020 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
February 4, 2010 The Coming Thaw Remarks Mark Carney Winnipeg Chamber of Commerce Winnipeg, Manitoba It is a pleasure to be here in Winnipeg. Today, I intend to elaborate on elements of the Bank of Canada's economic outlook. Content Type(s): Press, Speeches and appearances, Remarks
February 7, 2024 Summary of Governing Council deliberations: Fixed announcement date of January 24, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024. Content Type(s): Publications, Summary of deliberations
March 8, 2018 Canada’s Economic Expansion: A Progress Report Remarks Timothy Lane Greater Vancouver Board of Trade Vancouver, British Columbia Deputy Governor Tim Lane discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their March 7 decision. Content Type(s): Press, Speeches and appearances, Remarks
June 5, 2003 How Sound Economic Policies Help During Uncertain Times Remarks David Dodge German-Canadian Business Club of Berlin-Brandenburg Berlin, Germany It is an honour and a privilege to address the German-Canadian Business Club of Berlin-Brandenburg at its inaugural meeting. Groups such as this one serve many important purposes, not the least of which is the development of trading links that help to strengthen the economies of both our countries. Content Type(s): Press, Speeches and appearances, Remarks
Exploring Wage Phillips Curves in Advanced Economies Staff discussion paper 2019-8 Rose Cunningham, Vikram Rai, Kristina Hess We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C3, C33, E, E3, E31, E32 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, Demographics and labour supply
December 23, 2004 A Survey of the Price-Setting Behaviour of Canadian Companies Bank of Canada Review - Winter 2004-2005 David Amirault, Carolyn Kwan, Gordon Wilkinson To better understand price-setting behaviour in the Canadian economy, the Bank of Canada's regional offices surveyed a representative sample of 170 firms between July 2002 and March 2003. The authors discuss the reasons behind the survey, the methodology used to develop the questionnaire and conduct the interviews, and summarize the results. The study also assessed several explanations for holding prices steady despite market pressures for a change. The survey findings indicate that prices in Canada are relatively flexible and have become more flexible over the past decade. Price stickiness was generally found to originate in firms' fears of antagonizing customers or disturbing the goodwill or reputation developed with them. A detailed discussion of the results includes a consideration of their implications for monetary policy. Content Type(s): Publications, Bank of Canada Review articles
October 23, 2024 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision. Content Type(s): Press, Speeches and appearances, Opening statements
January 9, 2019 Monetary Policy Report – January 2019 The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020. Content Type(s): Publications, Monetary Policy Report
July 12, 2017 Monetary Policy Report – July 2017 Growth in the Canadian economy is projected to reach 2.8 per cent this year before slowing to 2.0 per cent next year and 1.6 per cent in 2019. Content Type(s): Publications, Monetary Policy Report