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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...
Source: Bankofcanada February 02, 2022

Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

Good afternoon. I’m pleased to be here with you to discuss last week’s policy announcement and the Bank of Canada’s most recent Monetary Policy Report (...
FP Economy Source: Financialpost February 01, 2022

Economy seen growing 6.3%, beating Bank of Canada forecast

Data suggest economic activity climbed above pre-pandemic levels for the first time in fourth quarter Canada’s economy grew more than expected in November to bring real gross domestic product above its pre-pandemic levels, but the Omicron variant c...
FP Economy Source: Financialpost January 27, 2022

'Job seekers market' in Canada as vacancies soar 72% higher than before pandemic

Tight conditions loosen a little but employers still struggling to find workers Canada’s unusually tight labour market loosened a little in November, but employers were still struggling to find enough workers to keep up with demand, new data showed...
Source: Bankofcanada January 26, 2022

Monetary Policy Report – January 2022

The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023. What you need to know ab...
Source: Bankofcanada January 26, 2022

Bank of Canada maintains policy rate, removes exceptional forward guidance

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, th...
Source: Bankofcanada January 26, 2022

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with you to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). I am especially pleased to have Senior Deputy G...