The 2021 agreement introduced a new goal—that monetary policy should also support maximum “sustainable” employment.
bank of canada
The goal of "maximum sustainable employment" is largely determined by forces beyond the central bank’s control.
Federal debt interest will cost a projected $42.9 billion in 2026/27.
Ramping up interest rates at this juncture places more of the burden of fighting inflation on consumers.
If the inflation rate remains relatively stable over time, suppliers should know when higher prices signal increased scarcity.
Central banks may direct chartered banks to increase lending to borrowers from underrepresented communities.
According to most models of labour supply, the growth of Canada’s labour force will slow over the coming decades.
The purple $25 bill commemorating the silver jubilee of King George V has been in use for 84 years.
Workers aged 55 years and over hold one-fifth of the jobs in Canada.