�㽶��Ƶ News - Bank of Canada

Tackling the Negative Implications of a Less-Cash Society | CBC News

webfull — Wed, 03 Jul 2024 13:52:55 +0000

June 30, 2024 | The digital brigade, powered by e-transfers, PayPal and Apple Pay, has gained unprecedented momentum. This is leading towards a cashless society, as Canadians tend to embrace electronic methods of payments. However, cash holds many significance in the social and economic realm. CBC News featured one of our MPP alum, Aftab Ahmed for their news article about the harm of leaping towards the cashless Canadian economy.

Published: 3 July 2024

Chris Ragan on Rebuilding the Canadian economy in the post-Covid era | Government Analytics' The Monthly Podcast

webfull — Thu, 22 Sep 2022 00:17:03 +0000

September 12, 2022 | On Government Analytics' The Monthly podcast with host Peter Kent, director Chris Ragan spoke about rebuilding the Canadian economy in the post-Covid era. At the recent Jackson Hole economic policy symposium, Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he’s going to get inflation under control.

Published: 21 September 2022

Chris Ragan on Bank of Canada expected to raise interest rates | Toronto Star

webfull — Tue, 06 Sep 2022 23:53:15 +0000

September 2, 2022 | In response to the possibility of the Bank of Canada raising interest rates next week, Director Christopher Ragan said the central bank is best-suited to take on the responsibility of maintaining low interest rates.

“There’s very, very good reasons why we have operationally independent central bank trying to target inflation rather than governments, because governments in the past have done a very poor job at that,” he said.

Published: 6 September 2022

Why politics and central banking shouldn't mix | The Line

webfull — Tue, 24 May 2022 14:01:33 +0000

May 13, 2022 | In a recent debate, Conservative Party leadership candidate Pierre Poilievre pledged that—if he were to become prime minister—he would fire the governor of the Bank of Canada. Max Bell School Director Chris Ragan thinks such a promise is irresponsible and dangerous.

Read the article.

Published: 24 May 2022

Experts: Canadian inflation hits a new three-decade high

webfull — Wed, 23 Feb 2022 17:07:53 +0000

Inflation hit a new three-decade high in January, heaping more pressure on the Bank of Canada to raise interest rates for the first time since the pandemic started. The consumer price index rose 5.1 per cent in January from a year earlier, accelerating from December’s pace of 4.8 per cent and marking the first time since 1991 that inflation has surpassed 5 per cent, according to Statistics Canada. It was the 10th consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent.

Published: 23 February 2022

Canada's cost of living increased 4.8% in December, the fastest rate since 1991 | CBC News

webfull — Thu, 20 Jan 2022 17:10:59 +0000

January 19, 2022 | Director Chris Ragan discusses supply chain disruptions and Canada's inflation rate rising to a 30-year high on CBC News. "There's a lot of pent-up demand," Chris notes, referring to businesses and restaurants being closed over the pandemic, and many consumers not having any place to spend their income.

Watch the clip here. Chris's segment begins at 32:42.

Published: 20 January 2022

Burning Questions: Is Ottawa finally about to get serious about housing bubbles? | Regina Leader-Post

webfull — Wed, 05 Jan 2022 17:03:23 +0000

December 24, 2021 | After Director Christopher Ragan published an essay in the Hub that perhaps Freeland and Macklem actually disagree about how the central bank should conduct policy rather than they united front they presented to the public, The Regina Leader Post included his commentary in an article about the Bank of Canada's new five-year mandate.

Published: 5 January 2022

Inflation 101, with Christopher Ragan | The Hill Times

webfull — Thu, 16 Dec 2021 15:10:44 +0000

December 15, 2021 | Director Christopher Ragan joins The Hill Times' The Hot Room podcast to explain how inflation works, whether the Trudeau government is to blame for rising prices, and the Bank of Canada's new-look plan to manage it.

Listen to the episode.

Published: 16 December 2021

‘Leave it alone’: Chris Ragan comments on the Bank of Canada mandate debate | The Hub

webfull — Mon, 15 Nov 2021 19:32:15 +0000

November 12, 2021 | Following a dialogue between The Hub and Max Bell School Director Chris Ragan, this article outlines the history of the Bank of Canada's agreement with the federal government leading up to the mandate's expiration in January 2022.

Read the article.

Published: 15 November 2021

Election campaign and inflation set up ‘perfect storm’ for usually sleepy review of BoC monetary policy | The Globe and Mail

webfull — Thu, 26 Aug 2021 12:46:41 +0000

August 20, 2021 | The Bank of Canada's mandate renewal—usually a mundane and technical affair—is generating interest in the political sphere as Canadas 44th federal election gets underway. In this Globe and Mail article, Max Bell School director Chris Ragan argues for careful consideration of all the mandate options on the table: from targeting GDP level, to adopting a dual mandate, to maintaining the status quo.

Published: 26 August 2021