Reductions in purchasing power tend to be concentrated among lower-income workers.
bank of canada
January 11, 2023
8:55AM
Other central banks publish a projected interest rate path consistent with their economic outlook—not so in Canada.
October 27, 2022
2:31PM
Ottawa is spending nearly one-third more than it was in 2019 before the pandemic.
September 15, 2022
9:43AM
The central bank has acknowledged that it underestimated the inflationary effects of its actions.
June 17, 2022
9:50AM
The Bank of Canada's “easy” policies help explain the current pain at the pumps.
May 12, 2022
10:45AM
The 2021 agreement introduced a new goal—that monetary policy should also support maximum “sustainable” employment.
May 5, 2022
8:19AM
The goal of "maximum sustainable employment" is largely determined by forces beyond the central bank’s control.
April 21, 2022
9:19AM
Federal debt interest will cost a projected $42.9 billion in 2026/27.
April 13, 2022
9:47AM
Ramping up interest rates at this juncture places more of the burden of fighting inflation on consumers.