The Bank of Canada increased its target for the overnight rate to 3¾ per cent, with the Bank Rate at 4 per cent and the deposit rate at 3¾ per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is Dec. 7, 2022. The … Read more
The Bank of Canada welcomed the publication by the International Monetary Fund (IMF) of its final report summarizing its pilot review of the Bank’s transparency practices. The report contained several recommendations for how the Bank could further enhance its transparency, and the Bank published its formal response to those recommendations. “We were pleased to participate in this pilot process, and we will benefit … Read more
The Bank of Canada increased its target for the overnight rate to 3.25 per cent, with the Bank Rate at 3.5 per cent and the deposit rate at 3.25 per cent. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is Oct. 26. The full release is available online.
The Bank of Canada published a new paper, Cash, COVID-19 and the Prospects for a Canadian Digital Dollar, by Walter Engert and Kim Huynh. The full release is available online. The Bank of Canada published a new paper, COVID and Financial Stability: Practice Ahead of Theory, by Jing Yang, Hélène Desgagnés, Grzegorz Halaj and Yaz Terajima. The full release is available online.
Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on Sept. 16, the Board of Directors of the Bank has initiated a recruitment process to fill the vacancy on Governing Council. This role will be part-time, equivalent to roughly 50 per cent to 70 per cent of a full-time role. It is … Read more
The Bank of Canada published a new paper, Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey, by David Amirault, Sarah Miller and Matthieu Verstraete. The paper is available online.
The Bank of Canada increased its target for the overnight rate to 2½ per cent, with the Bank Rate at 2¾ per cent and the deposit rate at 2½ per cent. The Bank is also continuing its policy of quantitative tightening. The full release is available online.
The Bank of Canada announced that Deputy Governor Timothy Lane will retire on Sept. 16, 2022. The full release is available online.
The Bank of Canada increased its target for the overnight rate to 1½ per cent, with the Bank Rate at 1¾ per cent and the deposit rate at 1½ per cent. The Bank is also continuing its policy of quantitative tightening. Inflation globally and in Canada continues to rise, largely driven by higher prices for … Read more
The Bank of Canada published a new research paper, Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification, by Pablo Ottonello and Wenting Song. The full release is available online. The Bank of Canada published a new research paper, How well can large banks in Canada withstand a severe economic downturn? by Andisheh (Andy) Danaee, Harsimran Grewal, Brad Howell, … Read more
