November 22, 2003 Recent Labour Market Developments in Canada Bank of Canada Review - Autumn 2003 Richard Dion, Bill Laur In the year and a half leading up to mid-2003, both employment and labour force participation increased at an unusually rapid pace compared to domestic economic activity. Gains in employment were unusually large, relative to output growth, compared to gains in total hours worked. This is explained by a faster rate of increase in the participation rate of the 55 and older age group, many of whom opted for part-time employment. This shift in the composition of employment contributed to a reduction in the length of the average workweek in 2002. As a result, labour input progressed at a rate that was markedly slower than for employment and more in line with its historical relationship to output growth. The authors anticipate that the 55 and older age group will continue to participate strongly in the labour force, but that as the economy rebounds and uncertainty diminishes, the cyclical component in the growth of part-time work should diminish and that of full-time employment increase. Employment growth should moderate in relation to output growth and there may be a cyclical rebound in labour productivity as total hours worked increases during the initial recovery in output growth. Content Type(s): Publications, Bank of Canada Review articles
February 7, 2012 Raising the House of Reform Remarks Tiff Macklem Rotman Institute for International Business Toronto, Ontario Senior Deputy Governor Tiff Macklem discusses the importance of pressing ahead with financial reforms despite the weak global recovery. Content Type(s): Press, Speeches and appearances, Remarks
October 22, 2014 Release of the Monetary Policy Report Opening statement Stephen S. Poloz Ottawa, Ontario Opening statement of Press conference that was to follow the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
January 23, 2002 Monetary Policy Report Update – January 2002 In the November Monetary Policy Report, the timing and extent of the recovery in economic activity in Canada this year was seen as depending crucially on geopolitical developments and on how quickly consumer and business confidence would return to normal. Content Type(s): Publications, Monetary Policy Report
November 5, 2024 Summary of Governing Council deliberations: Fixed announcement date of October 23, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 23, 2024. Content Type(s): Publications, Summary of deliberations
March 4, 2010 Bank of Canada to Issue New Bank Notes Media Relations Ottawa, Ontario As announced in today's federal budget, in 2011 the Bank of Canada will begin to issue a new series of bank notes printed on a polymer material. Content Type(s): Press, Press releases
January 11, 2021 Business Outlook Survey - data by sector (four-quarter moving averages) Access quarterly results from the Business Outlook Survey (BOS) based on interviews with firms in the primary, manufacturing, CITU, trade, FIRE, and CPBS sectors.
February 5, 2025 CFEC Releases Results of October 2024 Foreign Exchange Volume Survey The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2024 semi-annual survey of foreign exchange volumes in Canada. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
January 9, 2015 Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – January 9, 2015 to March 30, 2018 The Bank of Canada, through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility
March 6, 2001 Bank of Canada lowers Bank Rate to 5 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 per cent. Content Type(s): Press, Press releases