January 25, 2023 Monetary Policy Report – January 2023 Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024. Content Type(s): Publications, Monetary Policy Report
The Evolution of the Chinese Housing Market and Its Impact on Base Metal Prices Staff discussion paper 2016-7 Mark Kruger, Kun Mo, Benjamin Sawatzky The Chinese housing market has grown rapidly following its liberalization in the 1990s, generating significant economic activity and demand for base metals. In this paper, we discuss the evolution of the Chinese housing market and quantify its importance for the overall Chinese economy and its linkages to base metal prices. Content Type(s): Staff research, Staff discussion papers JEL Code(s): Q, Q3, Q31, R, R3, R31 Research Theme(s): Financial markets and funds management, Market functioning, Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
June 11, 2025 What is a tariff? A tariff is a tax on imports from another country. It can increase the prices consumers and businesses pay for that good. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
Estimating the Costs of Electronic Retail Payment Networks: A Cross-Country Meta Analysis Staff discussion paper 2025-17 Cam Donohoe, Youming Liu We explore how many electronic funds transfer (EFT) systems can viably coexist within a jurisdiction at efficient scale by estimating the cost curve of the average EFT. We estimate the marginal cost to be approximately $0.55 per transaction, and the fixed cost to be approximately $83 million per year. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E42, E5, E58, H, H5, H54 Research Theme(s): Financial system, Financial institutions and intermediation, Financial system regulation and oversight, Money and payments, Retail payments
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
June 16, 2004 The Changing World Economy: What It Means for Canada Remarks David Dodge Hamilton Chamber of Commerce Hamilton, Ontario The same is true of the Canadian economy, which must always adjust to changing domestic and world circumstances. During 2003 and so far this year, some of those adjustments may have felt more like overhauls, particularly for some manufacturing firms here in Ontario. Content Type(s): Press, Speeches and appearances, Remarks
Non-competing Data Intermediaries Staff working paper 2020-28 Shota Ichihashi I study a model of competing data intermediaries (e.g., online platforms and data brokers) that collect personal data from consumers and sell it to downstream firms. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, D42, D43, D8, D80, L, L1, L12 Research Theme(s): Financial markets and funds management, Market structure, Models and tools, Economic models, Money and payments, Digital assets and fintech
November 9, 2000 Release of the Monetary Policy Report Opening statement Gordon Thiessen This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […] Content Type(s): Press, Speeches and appearances, Opening statements
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
April 1, 2019 Poloz talks trade: Canada’s services a bright spot Speech summary Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut Stephen S. Poloz, Governor of the Bank of Canada, will speak before the Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation targeting framework