October 7, 2024 Monetary policy Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.
October 20, 2010 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010, such as the inventory cycle and pent-up demand, have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon. Content Type(s): Press, Speeches and appearances, Opening statements
March 20, 2001 The Bank of Canada and Financial Stability Remarks David Dodge Montreal Society of Financial Analysts Montréal, Quebec While monetary stability through low inflation is crucial to good economic performance, our economy cannot function properly unless it is also supported by an efficient and stable financial system. And as the world economy becomes increasingly interconnected, sound macroeconomic policies and sound financial systems across all countries are even more essential. Content Type(s): Press, Speeches and appearances, Remarks
November 20, 2013 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Thank you for the opportunity for Tiff and me to be with you today to discuss the October Monetary Policy Report, which the Bank published recently. The Bank aims to communicate our objectives openly and effectively and to stand accountable for our actions before Canadians. One of the best ways to do this is through […] Content Type(s): Press, Speeches and appearances, Opening statements
January 29, 2001 Annual Report 2000 The Canadian economy continued to expand robustly in 2000 while inflation remained low. Content Type(s): Publications, Annual Report
September 10, 2024 Global trade in a changing world Speech summary Tiff Macklem Canada-UK Chamber of Commerce London, United Kingdom Governor Tiff Macklem talks about how geopolitical, economic and social forces are changing global trade. He also discusses how Canada can benefit from trade shifts and prepare for future supply shocks. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth, Inflation
March 7, 2006 Bank of Canada raises overnight rate target by 1/4 percentage point to 3 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 3/4 per cent. Content Type(s): Press, Press releases
January 26, 2006 Release of the Monetary Policy Report Update Opening statement David Dodge The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to that in the October MPR. Canada's economy continues to adjust to global developments and to the associated changes in relative prices. Content Type(s): Press, Speeches and appearances, Opening statements
Canadian housing supply elasticities Staff analytical note 2021-21 Nuno Paixão We explain how housing supply elasticities for Canadian cities are estimated. The procedure we use exploits the systematic differences in various cities’ sensitivity to regional house-price cycles. Content Type(s): Staff research, Staff analytical notes JEL Code(s): R, R1, R14, R3, R31, R5, R52 Research Theme(s): Financial system, Household and business credit, Monetary policy, Real economy and forecasting
June 12, 2014 Financial System Review - June 2014 The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The June 2014 issue features three reports on financial system initiatives: making financial benchmarks more robust; implementing the stronger Basel III capital and liquidity framework for banks; and using stress tests to assess financial system risks. Content Type(s): Publications, Financial Stability Report