October 8, 2020 COVID‑19 and the financial system Speech summary Tiff Macklem Global Risk Institute Toronto, Ontario Governor Tiff Macklem discusses financial risks from the COVID-19 pandemic that are affecting our economy and that could shape how well it recovers. He also talks about financial risks from climate change. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy Subject(s): Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth, Inflation
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 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 The gap between inflation perceptions and reality Speech summary Lawrence L. Schembri Canadian Association for Business Economics Kingston, Ontario Deputy Governor Lawrence Schembri talks about the difference between how Canadians perceive inflation and the actual measured rate, why this gap may exist, and what it could mean for monetary policy and the economy. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Inflation and prices, Inflation targets, Monetary policy Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
August 25, 2020 Perceived inflation and reality: understanding the difference Remarks (delivered virtually) Lawrence L. Schembri Canadian Association for Business Economics Kingston, Ontario In a virtual address to the Canadian Association for Business Economics, Deputy Governor Lawrence Schembri discusses the difference between how Canadians perceive inflation and the actual measured rate. He explains why that gap may exist and what it could mean for monetary policy and the economy. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Inflation and prices, Inflation targets, Monetary policy Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, 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
August 13, 2020 Understanding inflation targeting At the Bank of Canada, we aim to keep inflation close to 2 percent. Content Type(s): Explainers Research Topic(s): Inflation and prices, Inflation targets Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
August 13, 2020 Understanding inflation Inflation is a persistent rise in the average level of prices over time. Content Type(s): Explainers Research Topic(s): Inflation and prices, Inflation: costs and benefits Subject(s): Monetary policy, Inflation, Inflation targeting framework