While the current episode of inflation has created challenges for many, this is not the first time Canada has gone through such an experience.
THE CANADIAN PRESS/Sean Kilpatrick
The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
Bank of Canada Governor Tiff Macklem is seen during a news conference following an interest rate announcement in October 2023 in Ottawa.
THE CANADIAN PRESS/Adrian Wyld
Recent Bank of Canada findings that showed Canadians have misgivings about a central bank digital currency should serve as a wake-up call that policymakers must do more to bridge the trust deficit.
Bank of Canada governor Tiff Macklem holds a news conference at the Bank of Canada in July 2023.
THE CANADIAN PRESS/Sean Kilpatrick
Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
The Bank of Canada’s interest rate hikes don’t seem to be affecting food prices at all.
THE CANADIAN PRESS/Graeme Roy
Many Canadians are puzzled by food prices remaining high despite the Bank of Canada’s efforts to curb inflation. If interest rate policies aren’t bringing food prices down, then what will?
A cyclist passes by the Bank of Canada building in Ottawa on July 11, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
An economist explains what the Bank of Canada’s interest rate hike to five per cent means for Canadians.
The Bank of Canada recently concluded public consultations where it sought input from Canadians about the possibility of a national digital currency.
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While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
Trying to maintain some stability.
David Gyung/Shutterstock
The Free Alberta Strategy is in fact a road map for Alberta sovereignty, touching on the most essential compartment of sovereignty — banking and currency.
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
The review will examine the bank’s Act, its inflation target, its management and recruitment process and the composition of its board.
The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation.
THE CANADIAN PRESS/Sean Kilpatrick
While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
A recent study found oilsands producers could be four times more likely to default on loans by 2050 if global temperatures stay within 2 C of warming.
(Jennifer Grant/Pembina Institute)
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
The coronavirus pandemic may provide another incentive for some countries to move to e-currencies.
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There’s no indication that handling cash increases your chance of catching COVID-19. But that hasn’t stopped countries around the world from looking at digital currencies.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed?
THE CANADIAN PRESS/Sean Kilpatrick
Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
The Bank of Canada has agreed to buy some of the new debt that provinces are taking on to deal with the coronavirus pandemic. It’s time for the central bank to do even more.
THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada is proposing a federally managed digital currency that flies in the face of the decentralized approach to money that cryptocurrencies have established.