Daily News

Source: Bankofcanada February 18, 2022

Deputy Governor Lawrence Schembri to Retire from the Bank of Canada

The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022. Mr. Schembri joined the Bank in 1997 and was appoin...

Source: Bankofcanada February 16, 2022

Navigating uncharted territory

Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic....

FP Economy Source: Financialpost February 10, 2022

Canada still passing through 'long dark tunnel' of COVID

Watch: Canadian Chamber of Commerce chief executive Perrin Beatty talks about what Canada needs to do to get past COVID Perrin Beatty, chief executive of the Canadian Chamber of Commerce, speaks with the Financial Post’s Larysa Harapyn about what C...

Source: Bankofcanada February 09, 2022

Producing growth with less inflation

Governor Tiff Macklem discusses how—by investing in technology and people—businesses can help the economy grow more with less inflation. Watch Governor...

FP Comment Source: Financialpost February 09, 2022

Gregory Mason: One curve we shouldn't have flattened

If we’re going to afford all the things we think we need, we need more economic growth I was fooling around with some GDP data the other day, as we economists are wont to do, and when I put it on a chart and drew a couple of trend lines, I was shoc...

FP Economy Source: Financialpost February 08, 2022

Surging smartphone imports signal supply bottlenecks are starting to give way

Kevin Carmichael: Trade data support expectations that the Bank of Canada will raise interest rates in March Imports surged to a record in December, suggesting companies and logistics experts are starting to work through the various supply issues t...

Source: Bankofcanada February 07, 2022

Université de Sherbrooke crowned National Champion of The Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada is pleased to announce that Université de Sherbrooke has won the seventh annual Governor’s Challenge, a national student competition in which teams simulate the ro...

FP Economy Source: Financialpost February 04, 2022

Canada loses 200,000 jobs, nearly double the blow economists expected

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...

FP Economy Source: Financialpost February 04, 2022

Workers calling in sick in record numbers amid Omicron wave

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...

Source: Bankofcanada February 02, 2022

A Canadian interest rate benchmark regime for the future

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