June 26, 2001 Canada's Monetary Policy Approach: It Works for Canadians Remarks David Dodge Edmonton Chamber of Commerce Edmonton, Alberta The Bank of Canada's commitment is to contribute to the economic well-being of Canadians. This means conducting monetary policy so that it fosters sustained economic growth - by creating conditions that favour rising output, employment, and incomes, and a stable macroeconomic environment. Content Type(s): Press, Speeches and appearances, Remarks
January 22, 2001 Canada's Economic Future: What Have We Learned from the 1990s? Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago. Content Type(s): Press, Speeches and appearances, Remarks
The Ecology of Automated Market Makers Staff discussion paper 2024-12 Annetta Ho, Cosmin Cazan, Andrew Schrumm This paper describes the ecology of automated market makers, which are the most popular decentralized exchange model for the pricing and trading of crypto assets within decentralized finance. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G2 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Money and payments, Digital assets and fintech
November 27, 2006 Bank of Canada Releases Background Information on Renewal of the Inflation-Control Target Media Relations Ottawa, Ontario The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which describes Canada's experience with inflation targeting, reports on some key issues bearing on the framework for conducting monetary policy, and identifies issues warranting further research. Content Type(s): Press, Press releases
April 12, 2007 Dealing with Uncertainty in the Conduct of Monetary Policy Remarks Sheryl Kennedy Montréal CFA Society Montréal, Quebec The main goal of monetary policy is to help the country achieve strong, sustainable economic performance, and, in doing so, to contribute to rising living standards for Canadians. Experience has shown that the best way for a central bank to meet this goal, given the instruments at its disposal, is by keeping inflation low and stable. Low and stable inflation increases confidence in the future value of money, and allows for clear price signals. Content Type(s): Press, Speeches and appearances, Remarks
November 1, 2018 Bank of Canada publishes staff economic projections for the first time Media Relations Ottawa, Ontario Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. Content Type(s): Press, Press releases
What Can Earnings Calls Tell Us About the Output Gap and Inflation in Canada? Staff discussion paper 2023-13 Marc-André Gosselin, Temel Taskin We construct new indicators of demand and supply for the Canadian economy by using natural language processing techniques to analyze earnings calls of publicly listed firms. Our results indicate that the new indicators could help central banks identify inflationary pressures in real time. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C1, C3, E, E3, E5 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
June 16, 2020 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario Introduction Good afternoon, Chair and committee members. It is an honour for me to appear before you as the 10th Governor of the Bank of Canada. I look forward to working with parliamentarians over the next seven years through regular appearances before committees of the House and Senate. These are an important part of the […] Content Type(s): Press, Speeches and appearances, Opening statements
March 5, 2002 Bank of Canada keeps target for the overnight rate at 2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. Content Type(s): Press, Press releases
September 3, 2003 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent. Content Type(s): Press, Press releases