December 20, 2023 Publication: Summary of Deliberations 13:30 (ET) A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier. Content Type(s): Upcoming events
December 19, 2023 The 13th Workshop on Exchange Rates Workshop to be held on December 19, 2023. Content Type(s): Conferences and workshops
December 15, 2023 Speech: Tiff Macklem, Governor 12:40 (ET) Toronto, Ontario Content Type(s): Upcoming events
December 7, 2023 Speech: Toni Gravelle, Deputy Governor 12:50 (ET) Windsor, Ontario Content Type(s): Upcoming events
December 7, 2023 Speech by Toni Gravelle, Deputy Governor of the Bank of Canada On Thursday, December 7, 2023, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak before the Windsor-Essex Regional Chamber of Commerce. Content Type(s): Press, Media advisories
Assessing the effects of higher immigration on the Canadian economy and inflation Staff Analytical Note 2023-17 Julien Champagne, Erik Ens, Xing Guo, Olena Kostyshyna, Alexander Lam, Corinne Luu, Sarah Miller, Patrick Sabourin, Joshua Slive, Temel Taskin, Jaime Trujillo, Shu Lin Wee We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth. Content Type(s): Staff research, Staff analytical notes Topic(s): Domestic demand and components, Housing, Inflation and prices, Labour markets, Potential output, Recent economic and financial developments JEL Code(s): A, A1, A10, E, E2, E20, E3, E31, J, J1, J11, J15
December 7, 2023 Economic progress report: Immigration, housing and the outlook for inflation Remarks Toni Gravelle Windsor–Essex Regional Chamber of Commerce Windsor, Ontario Deputy Governor Toni Gravelle discusses the latest interest rate decision along with how immigration helps Canada’s economy and how it impacts inflation. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Domestic demand and components, Housing, Inflation and prices, Interest rates, Labour markets, Monetary policy, Potential output, Price stability, Recent economic and financial developments
December 7, 2023 What population growth means for the economy and inflation Speech summary Toni Gravelle Windsor-Essex Regional Chamber of Commerce Windsor, Ontario Speaking a day after we decided to hold interest rates steady at 5%, Deputy Governor Toni Gravelle discusses immigration, inflation and the role that newcomers play in helping our economy grow. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Domestic demand and components, Housing, Inflation and prices, Interest rates, Labour markets, Monetary policy, Potential output, Price stability, Recent economic and financial developments