Posts

• December 16, 2025

  Speech: Tiff Macklem, Governor

  13:00 (ET)
  Montréal, QC

  Content Type(s): Upcoming events
• December 16, 2025

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Tuesday, December 16, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before The Chamber of Commerce of Metropolitan Montreal.

  Content Type(s): Press, Media advisories
• December 16, 2025

  Good money and your central bank

  Remarks Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring the stability of money in all its forms, from currency to digital payments. He also outlines how keeping inflation low and stable ensures Canadian money retains its purchasing power.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Digital currency, Monetary policy, Inflation targeting framework
• December 16, 2025

  Money you can count on

  Speech summary Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring Canadians can trust their money in all its forms.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Currency, Bank notes, Digital currency, Monetary policy, Inflation targeting framework
• December 16, 2025

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• December 16, 2025

  Careers

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• Pulse check: Measuring underlying inflation and its drivers

  Staff analytical note 2025-29 Luis Uzeda

  This note presents PULSE, a new measure of underlying inflation in Canada based on a dynamic factor model estimated on disaggregated inflation data. PULSE captures the persistent component of inflation and decomposes it into broad-based and sector-specific inflationary pressures.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): C, C5, C55, E, E3, E31, E5, E52 Research Theme(s): Financial system, Financial system regulation and oversight, Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures

• United in Booms, Divided in Busts: Regional House Price Cycles and Monetary Policy

  Staff working paper 2025-36 Ulrich Roschitsch, Hannes Twieling

  This paper shows that regional disparities in house price growth are more pronounced during house price busts than during booms. To explain this observation we construct a two-region currency union model incorporating a housing sector and extrapolative belief updating regarding house prices. To solve the model, we propose a new method that efficiently handles extrapolative belief updating in a wide class of structural models.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E31, E32, E5, E52, F, F4, F45 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting
• December 11, 2025

  Statement of Commitment to the FX Global Code

  The Bank of Canada has reviewed the content of the FX Global Code (“Code”) and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market.
• December 10, 2025

  Appearance: Ron Morrow, Executive Director of Payments, Supervision and Oversight

  Standing Senate Committee on Banking, Commerce and the Economy
  Ottawa, Ontario
  14:00 (ET)

  Content Type(s): Upcoming events