April 27, 2010 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Content Type(s): Press, Speeches and appearances, Opening statements
September 19, 2024 Getting to a monetary policy decision Speech summary Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation targeting framework
Forecasting Risks to the Canadian Economic Outlook at a Daily Frequency Staff discussion paper 2023-19 Chinara Azizova, Bruno Feunou, James Kyeong This paper quantifies tail risks in the outlooks for Canadian inflation and real GDP growth by estimating their conditional distributions at a daily frequency. We show that the tail risk probabilities derived from the conditional distributions accurately reflect realized outcomes during the sample period from 2002 to 2022. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C3, C32, C5, C58, E, E4, E44, G, G1, G17 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
Global Commodity Markets and Rebalancing in China: The Case of Copper Staff discussion paper 2019-3 Jeannine Bailliu, Doga Bilgin, Kun Mo, Kurt Niquidet, Benjamin Sawatzky Given that China accounts for about half of global copper consumption, it is reasonable to expect that any significant change in Chinese copper consumption will have an impact on the global market. Content Type(s): Staff research, Staff discussion papers JEL Code(s): O, O1, O13, O14, Q, Q0, Q02 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
June 11, 1998 The outlook for the Canadian economy and monetary policy Remarks Bernard Bonin The Canadian Association of Financial Planners Québec, Québec In mid-May we published our semi-annual Report on monetary policy, covering data up to April 24th. That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook for the Canadian economy. Content Type(s): Press, Speeches and appearances, Remarks
November 11, 2008 Conference Summary: International Experience with the Conduct of Monetary Policy under Inflation Targeting Bank of Canada Review - Winter 2008-2009 Philipp Maier Central bankers from inflation-targeting and non-inflation-targeting countries around the world and several distinguished scholars assembled at the Bank of Canada in July 2008 to review the international experience in some detail. This article highlights topics covered in the special lectures and sessions, including how inflation targeting can manage external shocks, various ways in which monetary policy decisions are taken, and the issues of transparency and communications. It also reports on the discussion in the closing panel, which considered options for the future of inflation targeting. Content Type(s): Publications, Bank of Canada Review articles
From He-Cession to She-Stimulus? The Labor Market Impact of Fiscal Policy Across Gender Staff working paper 2021-42 Alica Ida Bonk, Laure Simon The effects of fiscal policy shocks on labour market outcomes across gender depend on the type of public expenditure. Women benefit most from increases in the government wage bill, while men are the main beneficiaries of higher investment spending. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E32, E6, E62, J, J1, J16, J2, J21 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
The budget pressures faced by different households since 2020 Sparks at Bank article Yaz Terajima Although inflation has come down from pandemic highs, many households are still feeling the effects of higher prices. Between 2020 and 2025, younger and lower-income households generally saw spending outpace income gains while older and higher-income households fared better. Together, these differing experiences meant income gains for the average household kept up with higher spending. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures
October 23, 2002 Release of the Monetary Policy Report Opening statement David Dodge Today, we released our October Monetary Policy Report, in which we discuss economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Speeches and appearances, Opening statements
December 15, 2015 Financial System Review - December 2015 The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2015 issue features two reports on significant developments in the financial system related to household finances: the importance of residential mortgage securitization for Canadian housing finance and the changing patterns of indebtedness of Canadian households. Content Type(s): Publications, Financial Stability Report