October 7, 2020 The payoffs of higher education Youngmin Park, Gabriela Galassi, Natalia Kyui More education typically leads to higher pay, but as more people become educated, wages can decrease. Your education choices significantly affect your future earning potential. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Labour markets, Potential output, Productivity Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
September 10, 2020 Supporting growth and greater opportunity Speech summary Tiff Macklem Canadian Chamber of Commerce Ottawa, Ontario Governor Tiff Macklem outlines how the COVID-19 recession has had an uneven impact on Canadians and discusses the Bank’s decision yesterday to leave the policy rate unchanged. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Interest rates, Labour markets, Monetary policy, Recent economic and financial developments Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation targeting framework
September 10, 2020 Economic progress report: a very uneven recovery Remarks (delivered virtually) Tiff Macklem The Canadian Chamber of Commerce Ottawa, Ontario Governor Tiff Macklem discusses the Bank’s latest interest rate announcement and explains the uneven impact that the COVID-19 pandemic is having on different sectors and people. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Coronavirus disease (COVID-19), Interest rates, Labour markets, Monetary policy, Recent economic and financial developments Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
August 26, 2020 Closing remarks Remarks (delivered virtually) Carolyn A. Wilkins Bank of Canada Workshop: “Toward the 2021 Renewal of the Monetary Policy Framework” Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins concluded a day-long workshop on the renewal of the monetary policy framework with a summary of the discussions, and she outlined next steps on the path to the 2021 renewal. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy framework Subject(s): Financial system, Financial markets, Monetary policy, Economic models, Inflation, Inflation targeting framework
August 26, 2020 Opening remarks Remarks (delivered virtually) Carolyn A. Wilkins Bank of Canada Workshop: “Toward the 2021 Renewal of the Monetary Policy Framework” Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses the challenges the Bank of Canada is facing as it seeks to renew its inflation-control target in 2021. Kicking off a day-long workshop on the renewal of the monetary policy framework, she explains how the Bank’s research on alternative frameworks is shaping up and invites discussion of how the COVID-19 crisis has changed what is known about alternative policy tools in action. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Inflation targets, Monetary policy, Monetary policy and uncertainty, Monetary policy framework Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
August 25, 2020 Our COVID-19 response: Large-scale asset purchases Paul Beaudry The Bank of Canada has taken many actions to support Canadians since the COVID-19 pandemic struck. These include large-scale asset purchases—buying a substantial amount of government bonds and other financial assets. Our purchases serve two purposes. They help key financial markets work properly, and they can help increase spending in the economy. This leads to more employment and stronger economic growth. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Coronavirus disease (COVID-19), Debt management, Financial markets, Financial stability, Inflation and prices, Interest rates, Market structure and pricing, Monetary policy, Monetary policy transmission Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation targeting framework
August 20, 2020 The Great Reset Presentation (delivered virtually) Paul Beaudry University of Victoria Victoria, British Columbia Deputy Governor Paul Beaudry speaks about Canada's transition to a lower-carbon economy in a virtual panel organized by the Victoria Forum. Content Type(s): Press, Speeches and appearances, Presentations Research Topic(s): Climate change Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
July 15, 2020 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Coronavirus disease (COVID-19) Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
July 6, 2020 A road map to payment systems Paul Miller, Ariel Olivares Your money on the move Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Payment clearing and settlement systems Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech
June 30, 2020 Our COVID-19 response: Navigating diverse economic impacts Lawrence L. Schembri The pandemic and related measures to control the spread of the virus have deeply affected Canadians and the Canadian economy. The impacts have been different across sectors and regions. The economic recovery will also vary across the country as local economies start to reopen. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Coronavirus disease (COVID-19) Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation