February 6, 2024 Monetary policy: It’s perfectly imperfect Speech summary Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Housing, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy, Monetary policy implementation, Monetary policy transmission, Price stability, Productivity
February 6, 2024 Monetary policy: The right tool for the right job Remarks Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Housing, Inflation targets, Inflation: costs and benefits, Interest rates, Monetary policy, Monetary policy implementation, Monetary policy transmission, Price stability, Productivity
October 3, 2023 How price setting influences inflation Speech summary Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Deputy Governor Nicolas Vincent talks about how companies set their prices, how those practices changed during the pandemic and why this remains a risk for inflation. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Firm dynamics, Inflation and prices, Price stability
October 3, 2023 Understanding the unusual: How firms set prices during periods of high inflation Remarks Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Deputy Governor Nicolas Vincent discusses how firms set their prices and how pricing behaviour changed in our recent environment of high inflation. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Firm dynamics, Inflation and prices, Price stability
March 29, 2023 Lessons from our support of financial markets in tough times Speech summary Toni Gravelle National Bank Financial Services Conference Montréal, Quebec Deputy Governor Toni Gravelle talks about how the Bank of Canada supported markets during the COVID-19 pandemic and what we might do differently in the future. He also discusses recent turmoil in the banking system in the United States and overseas. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Lender of last resort, Recent economic and financial developments
March 29, 2023 The Bank of Canada’s market liquidity programs: Lessons from a pandemic Remarks Toni Gravelle National Bank Financial Services Conference Montréal, Quebec Deputy Governor Toni Gravelle speaks about market liquidity measures taken during the COVID-19 pandemic, and addresses recent turmoil in the US and international banking sectors. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Lender of last resort, Recent economic and financial developments