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295 Results

Assessing tariff pass-through to consumer prices in Canada: Lessons from 2018

Staff Analytical Note 2025-18 Alexander Lam
US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to tariffs, we examine a tariff episode from 2018 using detailed microdata and the synthetic control method.
June 18, 2025

The impact of US trade policy on jobs and inflation in Canada

Remarks Tiff Macklem St. John’s Board of Trade St. John's, Newfoundland and Labrador
Governor Tiff Macklem discusses how the trade conflict with the United States has affected the Canadian economy. He explains that restoring open trade is critical for jobs and growth, and important for prices and inflation.
June 18, 2025

Trade, jobs and inflation

Speech summary Tiff Macklem St. John’s Board of Trade St. John's, Newfoundland and Labrador
Governor Tiff Macklem discusses the trade conflict with the United States and how it is has affected the Canadian economy. He explains that restoring open trade is important for jobs, growth and price stability in Canada.
June 5, 2025

Reaching out for a clearer view of the economy

Speech summary Sharon Kozicki C.D. Howe Institute Toronto, Ontario
Speaking a day after we decided to keep the policy interest rate at 2.75%, Deputy Governor Sharon Kozicki discusses how we make better decisions by looking at a variety of data and talking with Canadians.
June 5, 2025

Talking to Canadians: How real-world insights shape monetary policy

Remarks Sharon Kozicki C.D. Howe Institute Toronto, Ontario
Deputy Governor Sharon Kozicki talks about how the Bank of Canada is using non-traditional data to better inform its monetary policy decisions.
March 20, 2025

Navigating tariff uncertainty

Remarks Tiff Macklem Calgary Economic Development Calgary, Alberta
Governor Tiff Macklem discusses how the US trade conflict and uncertainty is hurting business and consumer confidence. He also outlines what the Bank is doing to ensure the trade conflict doesn’t cause widespread or persistent inflation.
March 20, 2025

Tariffs and trade uncertainty are hurting the Canadian economy

Speech summary Tiff Macklem Calgary Economic Development Calgary, Alberta
Governor Tiff Macklem discusses how uncertainty about the trade war with the United States has shaken businesses and consumer confidence. He also reiterates that the Bank of Canada must ensure that high prices from tariffs do not lead to ongoing inflation.
February 21, 2025

Trade conflict: What can the Bank of Canada do?

Speech summary Tiff Macklem Mississauga Board of Trade-Oakville Chamber of Commerce Mississauga, Ontario
Governor Tiff Macklem discusses how a trade conflict would affect the Canadian economy and monetary policy. He also outlines what the Bank of Canada is focusing on as it renews its monetary policy framework.
February 21, 2025

Tariffs, structural change and monetary policy

Remarks Tiff Macklem Mississauga Board of Trade-Oakville Chamber of Commerce Mississauga, Ontario
Governor Tiff Macklem discusses the potential impact of a trade conflict with the United States. He also launches the review of the Bank’s monetary policy framework.
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