February 18, 2025 How is the Bank of Canada run? The Bank of Canada is a Crown corporation that is run independently from the government. Content Type(s): Explainers
February 18, 2025 Is the Bank of Canada independent from government? The Bank of Canada is a Crown corporation that is owned by the federal government, but we are separate from the political process. Content Type(s): Explainers
Breaking Down the US Employment Multiplier Using Micro-Level Data Staff working paper 2025-8 Edoardo Briganti, Holt Dwyer, Ricardo Duque Gabriel, Victor Sellemi Using newly matched data on US defense contracts and restricted administrative employment data, we show that the employment effects of defense procurement are costly, concentrated and slow to diffuse. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E6, E62, H, H5, H57, J, J2, J21 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
Markups, Pass-Through, and Firm Heterogeneity with Sequentially Mixed Search Staff working paper 2025-7 Alex Chernoff, Allen Head, Beverly Lapham Market power and pass-through of cost and demand shocks are studied in a market with free entry of heterogeneous firms and consumer mixed search. Equilibrium prices and markups are driven by variation in the elasticity of demand across firms. Improved conditions for buyers can either raise or lower market power. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D2, D21, D4, D43, E, E3, E31, L, L1, L11 Research Theme(s): Financial markets and funds management, Market functioning, Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures
February 13, 2025 Procurement Policy Statement The Bank of Canada requires that its resources be used effectively and efficiently to obtain appropriate value for money.
February 12, 2025 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 12, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 29, 2025. Content Type(s): Press, Media advisories