-
Monetary Policy Report - October 2021
Infl ation targeting and the economy  The Bank’s mandate is to conduct monetary policy to promote the economic and fi nancial well-being of Canadians.  Canada’s experience with infl ation targeting since 1991 has shown that the best way to foster confi dence in the value of money and to contribute to sustained economic growth, employment gains and improved living standards is by keeping infl ation low, stable and predictable.  In 2016, the Government and the Bank of Canada renewed Canada’s infl ation-control target for a further fi ve-year period, ending December 31, 2021. The target, as ... (full story)
-
BOC: OUTPUT GAP WAS BETWEEN -2.25% TO -1.25% IN Q3, SMALLER THAN THE REVISED ESTIMATE OF -3.25% TO -2.25% IN Q2.
— Breaking Market News (@financialjuice) October 27, 2021
-
BOC: 2021 Q2 ANNUALIZED GDP WAS -1.1% (VS +2.0% IN JULY MPR), Q3 ANNUALIZED GDP SEEN +5.5% (VS +7.3%), Q4 ANNUALIZED GDP SEEN +4.0%.
— Breaking Market News (@financialjuice) October 27, 2021
-
BOC CUTS DOMESTIC GROWTH FORECASTS FOR 2021 AND 2022, CITING SEVERE SUPPLY DISRUPTIONS AND REDUCED FOREIGN DEMAND AS REASONS.
— Breaking Market News (@financialjuice) October 27, 2021
-
BOC: CANADA'S FOURTH-QUARTER ANNUAL INFLATION RATE IS EXPECTED TO TOUCH 4.8%, WITH HIGHER ENERGY PRICES ACCOUNTING FOR ROUGHLY A THIRD OF THE INCREASE.
— Breaking Market News (@financialjuice) October 27, 2021