February 6, 2023 Market Participants Survey The Market Participants Survey (MPS) is conducted quarterly and engages a diverse set of participants in financial markets and gathers their views on key macroeconomic and financial variables as well as monetary policy.
Monetary Commitment and the Level of Public Debt Staff working paper 2016-3 Stefano Gnocchi, Luisa Lambertini We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E24, E3, E32, E5, E52 Research Theme(s): Financial markets and funds management, Funds management, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
December 20, 2002 Transparency and the Response of Interest Rates to the Publication of Macroeconomic Data Bank of Canada Review - Winter 2002-2003 Nicolas Parent The benefits of transparency—the outcome of the measures taken by the central bank to allow financial markets and economic agents to understand the factors it takes into account in formulating monetary policy—are now widely recognized. These benefits include smoother implementation of monetary policy and increased effectiveness as markets improve their ability to anticipate the Bank's policy decisions and account for them in their operations. How interest rates respond to the publication of macroeconomic data depends on the degree of transparency in monetary policy, as the rates will rise or fall as a reflection of the market's revised expectations. Before the Bank of Canada adopted initiatives to improve transparency, such as the inflation-control targets, the semi-annual publication of the Monetary Policy Report and Updates, and the fixed announcement dates, changes to the overnight rate created some volatility in interest rates, and publishing Canadian macroeconomic data did not appear to have a major impact on rates. This article shows how the Bank of Canada's steps towards greater transparency have increased the impact of Canadian data on short-term interest rates and have improved financial markets' understanding of how monetary policy decisions are taken. Content Type(s): Publications, Bank of Canada Review articles
May 17, 2001 Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target Media Relations The objective of Canada's monetary policy is to support and advance national economic well-being by contributing to sustained economic growth, rising levels of employment and improved living standards. The best contribution monetary policy can make to securing this outcome is to preserve confidence in the value of money by providing individuals and businesses with the certainty of a stable, low-inflation environment for their economic decisions. Content Type(s): Press, Press releases
December 6, 2019 Toward 2021: Speeches To help inform Canadians about the renewal process, Governing Council members spoke publicly about the economy and issues related to the monetary policy framework.
August 26, 2025 Flexible inflation targeting in a shock-prone world Remarks Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico Governor Tiff Macklem discusses how inflation targeting became a leading strategy for maintaining price stability and how the Bank of Canada is ensuring its monetary policy framework is fit for future challenges. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
October 17, 2019 Advances in Fixed Income Macro-Finance Research The Bank of Canada and the Federal Reserve Bank of San Francisco hosted the 7th Conference on Fixed Income Markets, discussing the implications for monetary policy of new research that focuses on bond and money markets. Content Type(s): Conferences and workshops