April 26, 2007 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
May 22, 2026 Quarterly Financial Report - First Quarter 2026 Quarterly Financial Report - First Quarter 2026 - For the period ended March 31, 2026 Content Type(s): Publications, Quarterly Financial Report
(Un)Conventional Monetary and Fiscal Policy Staff working paper 2023-6 Jing Cynthia Wu, Yinxi Xie We build a tractable New Keynesian model to study and compare four types of monetary and fiscal policy: policy rate adjustments, quantitative easing, lump-sum fiscal transfers and government spending. We find that tax-financed fiscal policy is more stimulative than debt-financed policy, and optimal policy coordination needs at least two of these four policy instruments. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E6, E61, E62, E63 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting
Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline Staff analytical note 2021-22 Olga Bilyk, Ken Chow, Yang Xu We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt. Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C2, C25, D, D1, D14, G, G2, G21, G5, G51, R, R2, R21 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
July 15, 2026 Monetary Policy Report—July 2026—Global economy The war in the Middle East has pushed up inflation around the world and is weighing on global economic activity. But oil prices have fallen from their peak, and inflation is expected to ease. Investment in AI is boosting global growth.
June 15, 2016 The Canadian Economy: A Progress Report Remarks Stephen S. Poloz Yukon Chamber of Commerce Whitehorse, Yukon Governor Stephen S. Poloz talks about the outlook for Canada’s economy and the adjustment to lower resource prices. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
November 9, 2005 Economic and Financial Efficiency: The Importance of Pension Plans Remarks David Dodge Association des MBA du Québec (AMBAQ) Montréal, Quebec Over the past year, I have spoken a number of times on the topic of efficiency, and why it is so important for Canadian policy-makers to keep in mind the goal of an efficient financial system. Today, I want to talk about Canada's system of pension plans and how they contribute to the efficiency of financial markets and of the economy as a whole. Content Type(s): Press, Speeches and appearances, Remarks
September 28, 2009 The Three Rs: Review, Reflect, and Reaffirm Remarks Mark Carney Greater Victoria Chamber of Commerce Victoria, British Columbia September is a time to review the past, reflect on the present, and reaffirm goals for the future. Like students who returned to school this month, I will follow this annual discipline today by (i) reviewing the extraordinary events of the past year; (ii) reflecting on the policy response and the current economic outlook; and (iii) reaffirming the Bank of Canada's commitment to price stability. Content Type(s): Press, Speeches and appearances, Remarks
October 7, 1997 Challenges ahead for monetary policy Remarks Gordon Thiessen Vancouver Board of Trade Vancouver, British Columbia Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face! Content Type(s): Press, Speeches and appearances, Remarks
July 6, 2026 Backgrounder on the Business Outlook Survey questions on the magnitude of change in sales, investment, employment and prices In 2016 and 2017, the Bank of Canada added questions to the Business Outlook Survey on firms’ expectations for the magnitude of change in their sales volumes, number of employees, investment spending, input prices and selling prices. This backgrounder describes how the responses are aggregated and examines their relationship with macroeconomic and price measures. Content Type(s): Background materials