Daily News

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...

FP Economy Source: Financialpost November 25, 2021

Trudeau 'extremely concerned' by soaring cost of living

But says Liberal government policies should help address the issue OTTAWA — Prime Minister Justin Trudeau said on Wednesday he is “extremely concerned” by increases in the cost of living caused by high inflation, adding that Liberal government poli...

Source: Bankofcanada November 23, 2021

Bank of Canada announces finalists for the seventh annual Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada has announced the five finalist teams in the 2021–22 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to t...

Source: Bankofcanada November 23, 2021

Checking up on Canada’s financial system

Deputy Governor Paul Beaudry speaks about the strength and resilience of the financial system throughout the COVID‑19 pandemic and economic recovery. He also outline...

FP Economy Source: Financialpost November 23, 2021

Trudeau vows to go 'further, faster' on climate policy in third term

Building resilient post-pandemic economy, underpinned by national child-care plan, and continuing to address harms done to Indigenous people also top priorities Prime Minister Justin Trudeau sketched out his government’s third-term agenda, emphasiz...

FP Economy Source: Financialpost November 19, 2021

Retail sales in Canada rebound in sign of resilience

The data may bolster confidence the economy is adapting to global supply chain issues Canadian retail sales rebounded in October after slipping a month earlier, a sign of robust consumer spending. Retailers sold 1.0 per cent more goods in Octob...

Source: Bankofcanada November 16, 2021

Measuring changes to the labour market

Deputy Governor Lawrence Schembri discusses how the Canadian labour market has changed during the pandemic. He explains why better tools to measure the health of the...

FP Economy Source: Financialpost November 16, 2021

Labour market uncertainty makes Bank of Canada's job more difficult

Shift explains why Governor Tiff Macklem has been so wary of overreacting to the fastest inflation in decades The Bank of Canada has lost faith in the unemployment rate’s ability to predict the intensity of price pressures, an important shift that...