Responses to the autumn Business Outlook Survey indicate that near-term business prospects continue to be robust. Strong demand and elevated capacity pressures support firms’ investment and employment intentions.
Household lending conditions were almost unchanged this quarter, while competition for corporate borrowers continues to drive an easing in business lending conditions.
The Bank of Canada is looking for partners in the private sector and academia to experiment with digital tools and technology, such as artificial intelligence and machine learning.
Today, Bank of Canada Governor Stephen S. Poloz welcomed students and teachers to the Bank of Canada Museum for the launch of Money and Monetary Policy in Canada.
Canadians are seizing the opportunities provided by the spread of digital technology, Governor Stephen S. Poloz said in a speech today. While people working in disrupted industries need help in order to adapt, the overall benefits of new technology are beyond question, he said.