Choose your settings
Choose your language
Essentials of Monetary Policy

Bank of Canada (BoC). Monetary Authorities Stay the Course

September 8, 2021
Benoit P. Durocher
Principal Economist

Since today’s decision was not accompanied by an MPR, it’s hard to know what impact the latest disruptive factors (including difficulties in certain supply chains) will have on the BoC’s scenario. While the disappointing second quarter results will somewhat delay the full recovery of Canada’s economy, the BoC does not appear to be overly concerned.