December 9, 2021 Economic progress report: A recovery unlike any other Remarks (delivered virtually) Toni Gravelle Surrey Board of Trade Surrey, British Columbia Deputy Governor Toni Gravelle provides an economic update and discusses the relationship between supply bottlenecks and inflation. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
March 18, 2003 Sound Economic Policies Pay Off, Governor Says Media Relations Rome, Italy The best way to promote sustained economic growth is to stick to an economic policy framework that has proven its worth, Bank of Canada Governor David Dodge said today. Content Type(s): Press, Press releases
December 15, 2023 The path to price stability Remarks Tiff Macklem Canadian Club Toronto Toronto, Ontario Governor Tiff Macklem discusses how the economy will continue to adjust to higher interest rates in the year ahead, and outlines what Canadians can expect from the Bank of Canada. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
April 28, 2015 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Good morning, Mr. Chairman and committee members. Carolyn and I are happy to be here for one of our twice-yearly meetings on our Monetary Policy Report (MPR). Today we will outline for you the Bank’s latest economic outlook, published in our MPR on 15 April. In this volatile and uncertain environment, it is helpful to […] Content Type(s): Press, Speeches and appearances, Opening statements
June 8, 2004 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
June 4, 2001 Bank of Canada Announces Appointment of Special Adviser Media Relations Professor John Chant of Simon Fraser University has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in September 2001. Content Type(s): Press, Press releases
November 19, 2002 Purchasing-Power Parity: Definition, Measurement, and Interpretation Bank of Canada Review - Autumn 2002 Robert Lafrance, Lawrence L. Schembri This article examines the concept of purchasing-power parity (PPP) and its implications for the equilibrium value of the Canadian exchange rate. PPP has two main applications, as a theory of exchange rate determination and as a means to compare living standards across countries. Concerning exchange rate determination, PPP is mainly useful as a reminder that monetary policy has no long-run impact on the real exchange rate, since the exchange rate can deviate persistently from its PPP value in response to real shocks. To compare living standards across countries, PPP exchange rates constructed by comparing the prices of national consumption baskets are used to translate per capita national incomes into a common currency. These rates are useful because they offset differences in national price levels to obtain comparable measures of purchasing power, but they are not an accurate measure of the equilibrium value of the exchange rate. The authors conclude that the current deviation of the Canadian exchange rate from the PPP rate does not imply that the exchange rate is undervalued, but that this deviation reflects the impact of persistent real factors, in particular, lower commodity prices. Content Type(s): Publications, Bank of Canada Review articles
December 15, 2015 Financial System Review - December 2015 The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2015 issue features two reports on significant developments in the financial system related to household finances: the importance of residential mortgage securitization for Canadian housing finance and the changing patterns of indebtedness of Canadian households. Content Type(s): Publications, Financial Stability Report
February 17, 2000 Bank of Canada Announces Appointments in Toronto and Montréal Media Relations To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […] Content Type(s): Press, Press releases
September 10, 2018 Bank of Canada calls for nominations for the 2019 Fellowship Program awards Media Relations Ottawa, Ontario The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2019 Fellowship and Governor’s awards. Content Type(s): Press, Press releases Source(s): Fellowship Program