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3541 Results

April 21, 2009

Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate.
Content Type(s): Press, Press releases
January 29, 2000

Annual Report 1999

The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards.
Content Type(s): Publications, Annual Report

Brigitte Desroches

Brigitte Desroches is a Senior Policy Director in the Canadian Economic Analysis Department.

Understanding Inflation Dynamics: The Role of Government Expenditures

Staff working paper 2023-30 Chang Liu, Yinxi Xie
We study the impact government expenditure has on inflation. We find that changes in government expenditure account for a substantial portion of inflation variations. We also find that inflation and inflation expectations respond negatively to fiscal spending shocks, reaffirming the supply-side channel through which inflation responds to fiscal expansions.
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