May 16, 2018 The (Mostly) Long and Short of Potential Output Remarks Lawrence L. Schembri Ottawa Economics Association and CFA Society Ottawa Ottawa, Ontario Deputy Governor Lawrence Schembri discusses the importance of potential output to monetary policy, as well as policy challenges and opportunities in a world of low potential output growth. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework
February 20, 2001 Governor underlines Bank of Canada's ongoing commitment to good economic performance Media Relations Toronto, Ontario In highlighting the Bank's commitment to contribute to the economic well-being of Canadians, Mr. Dodge said that the Bank must continue to "conduct monetary policy so as to promote sustained economic growth, create conditions conducive to rising investment, employment, and incomes, and encourage a more stable macroeconomic environment." He stressed that the best contribution monetary policy can make to such an outcome is "to keep future inflation low, stable, and predictable." Content Type(s): Press, Press releases
The Governor’s Challenge: A Decade of Success Staff analytical paper 2026-9 James Chapman, Stéphanie Houle, Lawrence L. Schembri The Governor’s Challenge (GC) by the Bank of Canada marked its tenth year as a successful outreach and education initiative, designed to strengthen public understanding of macroeconomics and monetary policy. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E5
November 29, 2001 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce The Bank has a commitment to contribute to the economic well-being of Canadians. This means that we must conduct monetary policy so that it fosters sustained solid economic growth. Content Type(s): Press, Speeches and appearances, Opening statements
June 1, 2010 Policy interest rate The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.
June 1, 2010 Decision-making process Find out when decisions are made, who decides and the key stages of monetary policy decision making. You can also read detailed articles on the subject.
November 8, 1995 The role of monetary conditions and the monetary conditions index in the conduct of policy Bank of Canada Review - Autumn 1995 Charles Freedman In these excerpts from a presentation to a conference in Toronto, Deputy Governor Charles Freedman analyses the way in which the monetary conditions index (MCI) enters into the Bank's thinking and actions. He describes how the Bank works in the context of a forward-looking assessment of economic developments and inflationary pressures to decide upon a desired path for the MCI that will result in a rate of inflation, six to eight quarters ahead, that is within the Bank's target band. Mr. Freedman also uses specific examples to explain how various shocks to the economy can change the Bank's desired path for monetary conditions. He describes the role that tactical considerations relating to market circumstances play regarding the timing of Bank actions to bring monetary conditions onto the desired path and emphasizes the need to give precedence to steadying nervous markets. Content Type(s): Publications, Bank of Canada Review articles
December 15, 2023 Bank of Canada announces changes to communications of interest rate decisions The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024. Content Type(s): Press, Market notices