Daily News

Kevin Carmichael: A decline in economic activity of this size will interrupt the momentum the economy had built up Canadians worked significantly fewer hours in January, and the jobless rate surged, evidence that the Omicron wave of COVID-19 has sl...

More missed work due to illness than at the onset of the pandemic A record high number of employees missed work due to illness or disability in January, more than at the onset of the pandemic as the Omicron wave spread rapidly and forced semi-lockd...

Introduction Good morning. Thank you for inviting me to introduce this panel discussion. And thanks to the International Swaps and Derivatives Associa...

Good afternoon. I’m pleased to be here with you to discuss last week’s policy announcement and the Bank of Canada’s most recent Monetary Policy Report (...

Data suggest economic activity climbed above pre-pandemic levels for the first time in fourth quarter Canada’s economy grew more than expected in November to bring real gross domestic product above its pre-pandemic levels, but the Omicron variant c...

Tight conditions loosen a little but employers still struggling to find workers Canada’s unusually tight labour market loosened a little in November, but employers were still struggling to find enough workers to keep up with demand, new data showed...

The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023. What you need to know ab...

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, th...

Good morning. I’m pleased to be here with you to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). I am especially pleased to have Senior Deputy G...

Slow and clear transition to higher interest rates could avoid a negative shock With interest rates set to rise, perhaps as soon as March, it’s fair to ask what that could mean for Canada’s lacklustre commitment to business investment, now that loa...