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60 Results

June 5, 2025

Reaching out for a clearer view of the economy

Speech summary Sharon Kozicki C.D. Howe Institute Toronto, Ontario
Speaking a day after we decided to keep the policy interest rate at 2.75%, Deputy Governor Sharon Kozicki discusses how we make better decisions by looking at a variety of data and talking with Canadians.
June 5, 2025

Talking to Canadians: How real-world insights shape monetary policy

Remarks Sharon Kozicki C.D. Howe Institute Toronto, Ontario
Deputy Governor Sharon Kozicki talks about how the Bank of Canada is using non-traditional data to better inform its monetary policy decisions.

The Mutable Geography of Firms’ International Trade

Staff Working Paper 2025-11 Lu Han
Exporters frequently change their market destinations. This paper introduces a new approach to identifying the drivers of these decisions over time. Analysis of customs data from China and the UK shows most changes are driven by demand rather than supply-related shocks.
March 20, 2025

Navigating tariff uncertainty

Remarks Tiff Macklem Calgary Economic Development Calgary, Alberta
Governor Tiff Macklem discusses how the US trade conflict and uncertainty is hurting business and consumer confidence. He also outlines what the Bank is doing to ensure the trade conflict doesn’t cause widespread or persistent inflation.
March 20, 2025

Tariffs and trade uncertainty are hurting the Canadian economy

Speech summary Tiff Macklem Calgary Economic Development Calgary, Alberta
Governor Tiff Macklem discusses how uncertainty about the trade war with the United States has shaken businesses and consumer confidence. He also reiterates that the Bank of Canada must ensure that high prices from tariffs do not lead to ongoing inflation.
February 21, 2025

Trade conflict: What can the Bank of Canada do?

Speech summary Tiff Macklem Mississauga Board of Trade-Oakville Chamber of Commerce Mississauga, Ontario
Governor Tiff Macklem discusses how a trade conflict would affect the Canadian economy and monetary policy. He also outlines what the Bank of Canada is focusing on as it renews its monetary policy framework.
February 21, 2025

Tariffs, structural change and monetary policy

Remarks Tiff Macklem Mississauga Board of Trade-Oakville Chamber of Commerce Mississauga, Ontario
Governor Tiff Macklem discusses the potential impact of a trade conflict with the United States. He also launches the review of the Bank’s monetary policy framework.

Third-Country Effects of U.S. Immigration Policy

Staff Working Paper 2023-60 Agostina Brinatti, Xing Guo
We study how the tightening of US immigration policy affects the Canadian economy and American workers. After the reduction in H-1B visa admissions in 2017, more immigrants came to Canada, and Canadian firms expanded their employment, sales and exports. The close trade link between the United States and Canada dampens the benefit American workers derive from this policy change.
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