July 24, 2024 Bank of Canada reduces policy rate by 25 basis points to 4½% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. Content Type(s): Press, Press releases
March 6, 2007 Bank of Canada keeps target for the overnight rate at 4 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. Content Type(s): Press, Press releases
May 26, 2016 Bank of Canada announces appointment of Advisor in New York Office Media Relations Ottawa, Ontario The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office. Content Type(s): Press, Press releases
November 1, 2022 Opening Statement before the Standing Senate Committee on Banking, Trade and the Economy Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and the Economy Ottawa, Ontario Content Type(s): Press, Speeches and appearances, Opening statements
September 8, 2022 Getting inflation back to normal Speech summary Carolyn Rogers Calgary Economic Development Calgary, Alberta Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to get inflation back under control. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 12, 2017 Bank of Canada increases overnight rate target to 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Content Type(s): Press, Press releases
May 14, 2015 Inflation Dynamics in the Post-Crisis Period Bank of Canada Review - Spring 2015 Christian Friedrich, Marc-André Gosselin Inflation rates in advanced economies experienced two consecutive puzzles during the period following the global financial crisis—unexpectedly high inflation from the end of 2009 to 2011 and unexpectedly low inflation from 2012 to the middle of 2014. We investigate these developments in two ways. First, we show that accounting for inflation expectations by households explains a significant share of the inflation puzzles at the international level. Second, we find that, for Canada, elevated competition in the retail sector is also important for understanding inflation dynamics in the post-crisis period. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E3, E31, E5, F, F4, F41
April 12, 2017 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
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
February 21, 2013 The G-20 Framework for Strong, Sustainable and Balanced Growth: Macroeconomic Coordination Since the Crisis Bank of Canada Review - Winter 2012-2013 Robert Lavigne, Subrata Sarker Since 2009, the G-20 Framework for Strong, Sustainable and Balanced Growth has provided a mechanism for international macroeconomic policy coordination. The Framework has had some successes, including agreement on objectives for fiscal consolidation. However, post-crisis global growth has been neither strong nor balanced. Progress has also been slow in developing credible fiscal consolidation plans in some advanced countries and in increasing exchange rate flexibility in certain emerging economies. A stronger peer review process and enhanced analysis of international spillovers would increase the Framework’s influence on member policies. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E6, E61, F, F5, F53, F55