The Bank of Canada announces it is creating a working group with five other central banks and the Bank for International Settlements to assess the potential cases for central bank digital currencies.
Results from the winter Business Outlook Survey suggest that business sentiment is broadly positive except in the Prairies, where indicators remain weak. In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales.
Survey results suggest that consumers’ inflation expectations declined slightly in the fourth quarter of 2019. Consumers’ expectations for their wage growth were largely the same as in the previous survey. Consumer expectations for house price growth went up somewhat in Canada.
In his traditional year-end speech, Governor Stephen S. Poloz described some of the long-term forces affecting the global and Canadian economies that will shape the Bank’s work in 2020.
Work toward renewing Canada’s inflation-targeting framework and understanding the impact of digital technology highlight a packed agenda for the Bank of Canada in 2020, Governor Stephen S. Poloz said today.
The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020.