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3504 Results

Lawrence L. Schembri

Lawrence Schembri served as Deputy Governor from 2013 until his retirement from the Bank of Canada in June 2022.
December 16, 2025

Good money and your central bank

Remarks Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec
Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring the stability of money in all its forms, from currency to digital payments. He also outlines how keeping inflation low and stable ensures Canadian money retains its purchasing power.
November 16, 2017

Bank of Canada Review - Autumn 2017

Is shale oil production in the United States a factor in the 2014 oil price decline? Which methods of payment are commonly accepted by merchants in Canada? Bank researchers share their insights on these topics. They also provide an update on the neutral rate of interest as well as on changes to the Bank’s operational framework for market operations.
March 29, 2023

Lessons from our support of financial markets in tough times

Speech summary Toni Gravelle National Bank Financial Services Conference Montréal, Quebec
Deputy Governor Toni Gravelle talks about how the Bank of Canada supported markets during the COVID-19 pandemic and what we might do differently in the future. He also discusses recent turmoil in the banking system in the United States and overseas.
August 22, 2003

Measuring Interest Rate Expectations in Canada

Financial market expectations regarding future changes in the target for the overnight rate of interest are an important source of information for the Bank of Canada. Financial markets are the mechanism through which the policy rate affects other financial variables, such as longer-term interest rates, the exchange rate, and other asset prices. An accurate measure of their expectations can therefore help policy-makers assess the potential impact of contemplated changes. Johnson focuses on the expectations hypothesis, which measures expectations of future levels of the target overnight rate as implied by current money market yields. Although expectations can be derived from the current yield on any short-term fixed-income asset, some assets have proven to be more accurate predictors than others. The implementation of a policy of fixed-announcements dates has coincided with the increased predictive power of these short-term assets. As a result of this improvement, a relatively simple model of the yield curve can now provide an accurate measure of financial market expectations.

Konrad Zmitrowicz

Konrad Zmitrowicz is a Senior Policy Advisor in the Canadian Economic Analysis Department (CEA).
November 21, 2025

Funds management

We manage the Government of Canada’s bank accounts, conduct auctions of government securities and provide other financial services to the government.
November 26, 2024

Keeping inflation at 2%

Speech summary Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island
In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there.
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