Posts

• October 3, 2025

  The difference between the price level and inflation

  Price levels are a measure of the average cost of goods and services in the economy at a particular point in time. Inflation measures the rate of change in prices over a specific period.

  Content Type(s): Explainers Research Topic(s): Inflation and prices, Inflation targets

• Household balance sheets and mortgage payment shocks

  Staff Analytical Note 2025-23 Thomas Michael Pugh, Saarah Sheikh, Taylor Webley

  Household savings in Canada have increased significantly since 2019, especially among homeowners without a mortgage. We assess how savings buffers can mitigate households’ financial risk in relation to asset repricing, mortgage payment renewal and unemployment.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Credit and credit aggregates, Financial stability, Housing, Recent economic and financial developments JEL Code(s): D, D3, D31, E, E2, E21, G, G5, G51

• The increasing role of hedge funds in Government of Canada bond auctions

  Staff Analytical Note 2025-22 Adam Epp, Jeffrey Gao

  We find that the rise in Government of Canada debt issuance correlates to growing participation of hedge funds in bond auctions since 2020. This increased participation supports the cost-effective distribution of Canada’s debt, but it also represents a potential vulnerability because hedge funds have a greater flight risk than other investor types.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Debt management, Financial institutions, Financial markets, Financial stability JEL Code(s): D, D4, D44, G, G1, G12, G2, G23, H, H6, H63
• October 2, 2025

  Bank of Canada Media Interview – The Craig Needles Podcast

  Rhys Mendes, Deputy Governor of the Bank of Canada, spoke to Craig Needles on The Craig Needles Podcast.

  Content Type(s): Press, Media advisories
• October 2, 2025

  Bank of Canada Media Interview – Market News International

  Rhys Mendes, Deputy Governor of the Bank of Canada, gave an interview to Greg Quinn of Market News International.

  Content Type(s): Press, Media advisories
• October 2, 2025

  Speech: Rhys Mendes, Deputy Governor

  13:40 (ET)
  London, ON

  Content Type(s): Upcoming events
• October 2, 2025

  Speech by Rhys Mendes, Deputy Governor of the Bank of Canada

  On Thursday, October 2, 2025, Rhys Mendes, Deputy Governor of the Bank of Canada, will speak before the Ivey Business School.

  Content Type(s): Press, Media advisories
• October 2, 2025

  Underlying inflation: Separating the signal from the noise

  Remarks Rhys R. Mendes Ivey Business School London, Ontario

  Deputy Governor Rhys Mendes speaks about how the Bank of Canada assesses underlying inflation, including the use of measures of core inflation. He also touches on the renewal of the monetary policy framework, which happens in 2026.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Inflation targets, Monetary policy communications, Monetary policy framework, Price stability
• October 2, 2025

  Breaking down inflation

  Speech summary Rhys R. Mendes Ivey Business School London, Ontario

  Deputy Governor Rhys Mendes discusses the importance of understanding which parts of inflation are lasting and which are temporary. He also talks about the Bank of Canada’s upcoming renewal of its monetary policy framework.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Inflation and prices, Inflation targets, Monetary policy communications, Monetary policy framework, Price stability
• October 1, 2025

  Fireside Chat with Carolyn Rogers, Senior Deputy Governor of the Bank of Canada

  On Wednesday, October 1, 2025, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will speak at Canada’s Competition Summit 2025.

  Content Type(s): Press, Media advisories