Labour markets
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February 9, 2022
The role of Canadian business in fostering non-inflationary growth
Governor Tiff Macklem discusses how business investment and stronger productivity are vital to sustaining non-inflationary economic growth. -
February 9, 2022
Producing growth with less inflation
Governor Tiff Macklem discusses how—by investing in technology and people—businesses can help the economy grow more with less inflation. -
December 15, 2021
Building on success
Governor Tiff Macklem speaks about the Bank of Canada’s monetary policy framework review and the agreement between the Government of Canada and the Bank to renew the 2 percent inflation target. -
December 15, 2021
Our monetary policy framework: Continuity, clarity and commitment
Governor Tiff Macklem discusses the Bank of Canada’s renewed monetary policy framework. He reviews Canada’s experience with flexible inflation targeting and explains why the Bank and the Government of Canada agreed to renew the 2 percent inflation target. -
November 16, 2021
Labour market uncertainties and monetary policy
Deputy Governor Lawrence Schembri talks about changes to the labour market, and how the pandemic affected Canadian workers. He also discusses how the Bank is adapting labour market analysis tools to help guide monetary policy decisions that will support a more inclusive recovery. -
November 16, 2021
Measuring changes to the labour market
Deputy Governor Lawrence Schembri discusses how the Canadian labour market has changed during the pandemic. He explains why better tools to measure the health of the job market will help the Bank of Canada set monetary policy that supports the recovery. -
Job Applications and Labour Market Flows
Although the number of job applications has risen, job-finding rates remain relatively unchanged while job-separation rates have significantly declined. Rather than raising the probability of finding a job, we find that a rise in applications raises the probability of finding a good match, as evidenced by the decline in separation rates. -
Assessing Labour Market Slack for Monetary Policy
Measuring labour market slack is essential for central banks: without full employment in the economy, inflation will not stay close to target. We propose a comprehensive approach to assessing labour market slack that reflects the complexity and diversity of the labour market. -
From He-Cession to She-Stimulus? The Labor Market Impact of Fiscal Policy Across Gender
The effects of fiscal policy shocks on labour market outcomes across gender depend on the type of public expenditure. Women benefit most from increases in the government wage bill, while men are the main beneficiaries of higher investment spending.