Daily News

Source: Bankofcanada December 13, 2021

Opening statement by Tiff Macklem

Thank you, Minister Freeland. Good morning. I am very pleased to have this opportunity alongside you, Minister, to share with Canadians the renewed monetary policy framework agreed upon...

FP Economy Source: Financialpost December 10, 2021

As household net worth rises in Canada, so do the lines at food banks

Rise in wealth from housing and stocks boom leaves behind those with lower incomes and few financial assets Food insecurity is rising in Canada, a country that has long-prided itself on its social safety net — including a roughly $300-billion pande...

Source: Bankofcanada December 09, 2021

Keeping our eyes on inflation

Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks...

FP Economy Source: Financialpost December 09, 2021

Bank of Canada worried supply chain disruptions will persist, stoking inflation for longer

Comments by deputy governor likely to reinforce expectations the central bank is considering raising interest rates soon The Bank of Canada is worried that global supply chain disruptions stoking inflation could last longer than expected, according...

Source: Bankofcanada December 08, 2021

Bank of Canada maintains policy rate and forward guidance

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary f...

FP Economy Source: Financialpost December 03, 2021

Canada job gains blow past expectations, almost four times forecast

Kevin Carmichael: Further evidence that the economy is on track to complete the comeback by early next year Canadian employers added 154,000 jobs in November and the jobless rate plunged to six per cent, further evidence the economy is on track to...

Source: Bankofcanada November 30, 2021

Bank of Canada and partners host Symposium on Indigenous Economies

On November 29 and 30, the Bank of Canada, in partnership with the Tulo Centre of Indigenous Economics and Te Pūtea Matua (Reserve Bank of New Zealand), hosted the i...

FP Economy Source: Financialpost November 30, 2021

Canada's recovery gains momentum but new threats cloud outlook

Kevin Carmichael: Strong showing in third quarter puts economy on good footing for challenges ahead Canada’s economy grew at an annual rate of 5.4 per cent in the third quarter, a strong showing that should keep the Bank of Canada on track to raise...

Source: Bankofcanada November 29, 2021

Opening Statement before the Symposium on Indigenous Economies

Introduction Hello and welcome. I want to extend my deepest thanks to Elder Commanda for offering her blessing to launch this important event. I h...

Source: Bankofcanada November 29, 2021

The Indigenous economy in Canada: Partnering to promote

As part of a panel of central bankers at the Symposium on Indigenous Economies, Deputy Governor Lawrence Schembri speaks about economic reconciliation and why it is “completely consistent...