News

• June 24, 2024

  Making the labour market work for everyone

  Speech summary Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive labour market is key to growth in the long run.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Labour markets, Monetary policy, Productivity
• June 19, 2024

  Summary of Governing Council deliberations: Fixed announcement date of June 5, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024.

  Content Type(s): Publications, Summary of deliberations
• June 13, 2024

  Reviewing our pandemic actions

  Speech summary Sharon Kozicki Canadian Association for Business Economics Ottawa, Ontario

  Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
• June 12, 2024

  Central banking: Navigating in a new world

  Remarks Tiff Macklem 30th Conference of Montréal: International Economic Forum of the Americas Montréal, Quebec

  Governor Tiff Macklem looks back on the lessons learned from post-pandemic inflation and discusses the challenges ahead.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Inflation: costs and benefits, International topics, Monetary policy
• June 5, 2024

  Bank of Canada reduces policy rate by 25 basis points

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

  Content Type(s): Press, Press releases
• June 5, 2024

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 30, 2024

  Future-proofing our payments systems

  Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario

  Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision
• May 21, 2024

  Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy.

  Content Type(s): Press, Press releases
• May 9, 2024

  Release of the Financial Stability Report

  Opening statement Tiff Macklem, Carolyn Rogers Ottawa, Ontario

  Press conference following the release of the Financial Stability Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Research Topic(s): Asset pricing, Credit risk management, Financial institutions, Financial markets, Financial services, Financial stability, Financial system regulation and policies, Housing, Interest rates, Recent economic and financial developments
• May 9, 2024

  Financial Stability Report—2024

  

  Tiff Macklem, Carolyn Rogers, Toni Gravelle, Sharon Kozicki, Rhys R. Mendes, Nicolas Vincent

  Canada’s financial system remains resilient. Over the past year, households, businesses, banks and non-bank financial institutions have continued to proactively adjust to higher interest rates. But this adjustment is not yet over and continues to present risks to financial stability. Key risks include those related to debt serviceability and asset valuations.

  Content Type(s): Publications, Financial Stability Report