Posts

• August 26, 2025

  Bank of Canada Media Interview – El Financiero

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mexican newspaper El Financiero.

  Content Type(s): Press, Media advisories
• August 26, 2025

  Inflation targeting: A framework for today and tomorrow

  Speech summary Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico

  Governor Tiff Macklem discusses how inflation targeting became a leading strategy among central banks for maintaining price stability. He also talks about structural change ahead, shifts in global trade and ensuring monetary policy is fit for the future.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• August 26, 2025

  Flexible inflation targeting in a shock-prone world

  Remarks Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico

  Governor Tiff Macklem discusses how inflation targeting became a leading strategy for maintaining price stability and how the Bank of Canada is ensuring its monetary policy framework is fit for future challenges.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
• August 26, 2025

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Tuesday, August 26, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak at the Bank of Mexico’s 100th Anniversary Seminar.

  Content Type(s): Press, Media advisories
• August 22, 2025

  Quarterly Financial Report - Second Quarter 2025

  Quarterly Financial Report - Second Quarter 2025 - For the period ended June 30, 2025, unaudited

  Content Type(s): Publications, Quarterly Financial Report
• August 21, 2025

  Refusal or Revocation of Registration under the Retail Payment Activities Act (RPAA)

  This supervisory policy outlines the Bank of Canada’s (the Bank) powers and procedures to refuse to register applicants or revoke the registration of payment service providers (PSPs) based on the criteria established in the RPAA and its associated regulations.

  Content Type(s): Retail payments materials, Supervisory policies Subject(s): Retail payments, Enforcement, Registration
• August 21, 2025

  Re-registration of payment service providers after refusal or revocation

  This supervisory policy provides guidance on how to submit a new registration application for individuals and entities that have had their registration as retail payment service providers (PSPs) refused or revoked.

  Content Type(s): Retail payments materials, Supervisory policies Subject(s): Retail payments, Registration

• Dynamic Consumer Cash Inventory Model

  Staff working paper 2025-22 Kim Huynh, Oleksandr Shcherbakov, André Stenzel

  We study consumer cash inventory behavior by developing a dynamic model of forward-looking consumers and estimating structural parameters of the model using detailed consumer survey data. Consumers facing holding and withdrawal costs solve a discrete-time continuous-control dynamic programming problem to optimally use cash at the point of sale.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D12, D14, E, E4, E41, E42, G, G2, G21 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Cash and bank notes
• August 14, 2025

  Debt Management Strategy Consultations – 2026-27

  The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2026-27 and beyond.

  Content Type(s): Press, Market notices

• Monetary Policy Transmission with Endogenous Central Bank Responses in TANK

  Staff working paper 2025-21 Lilia Maliar, Chris Naubert

  We study how the transmission of monetary policy innovations is affected by the endogenous response of the central bank to macroeconomic aggregates in a two-agent New Keynesian model. We focus on how the stance of monetary policy and the fraction of savers in the economy affect transmission.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C61, C62, C63, E, E3, E31, E5, E52 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission