Posts

• February 27, 2026

  Bank of Canada issues revised compliance order to XTM Inc.

  Media Relations Ottawa, Ontario

  The Bank of Canada today issued a revised temporary order to XTM Inc. (XTM). The Bank has authorized XTM to recommence retail payment activities under the supervision of the Monitor appointed today by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act, and subject to terms and conditions set out in the Bank's revised order.

  Content Type(s): Press, Press releases Subject(s): Retail payments supervision

• What typically happens before households fall behind on mortgage payments

  

  Sparks at Bank article Laura Zhao, Jia Qi Xiao

  Canadians usually pay their mortgages on time. But some fall behind on mortgage payments. Before they do, homeowners often increase their use of credit cards and lines of credit, and then fall behind on those payments.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit

• Consumers’ Path to Mortgage Delinquency

  Staff analytical paper 2026-3 Laura Zhao, Jia Qi Xiao, Aidan Witts

  Analyzing TransUnion data from 2015–2024, this study identifies a systematic timeline of distress where rising credit utilization and non-mortgage arrears precede mortgage delinquency by up to two years. This deterioration intensifies in the final six months, providing a robust suite of high-frequency indicators for monitoring emerging household stress.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): D, D1, D14, G, G2, G21, G5, G51 Research Theme(s): Financial system, Financial system regulation and oversight, Household and business credit

• Assessing the Buy Canadian movement one year later

  

  Sparks at Bank article Olga Bilyk, Jacob Dolinar

  Canada and the United States have both benefited from decades of free trade. But US tariffs significantly changed this relationship, and Canadians reacted. In our research, we explore the Buy Canadian sentiment one year after it emerged and measure how much it has shifted travel patterns and spending in grocery stores.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
• February 20, 2026

  Release: Senior Loan Officer Survey

  10:30 (ET)
  The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. 

  Content Type(s): Upcoming events
• February 19, 2026

  Bank of Canada announces 2025-26 scholarship recipients

  The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, francophones, and students who identify as a member of a visible minority or racialized group.

  Content Type(s): Press, Announcements Source(s): Scholarship awards

• Channels of Transmission: How Mortgage Rates Affect House Prices and Rents in Canada

  Staff analytical paper 2026-2 Nishaad Rao, Tao Wang

  We use Canadian data to examine how monetary policy affects house prices and the consumer price index for rent through exogenous changes in the mortgage interest rates. It finds that the price and rent impacts operate through various channels and that these impacts vary by region.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E3, E31, E5, E52, R, R2, R21 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
• February 17, 2026

  Bank of Canada issues immediate compliance order to XTM Inc.

  Media Relations Ottawa, Ontario

  The Bank of Canada today issued a temporary order to XTM Inc. (XTM) to immediately cease performing any retail payment activities.

  Content Type(s): Press, Press releases Subject(s): Retail payments supervision

• The trade conflict hasn’t derailed supply chains. Here’s why.

  

  Sparks at Bank article Raheeb Dastagir, Louis Poirier

  Global supply chains have been working well despite abrupt shifts in US trade policy and rising global tensions in 2025. A big reason for this is that companies have improved how goods are shipped and warehoused to keep products flowing around the world. But these supply chains could be tested even more if the trade conflict worsens.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, Digitalization and productivity, International trade, finance and competitiveness
• February 16, 2026

  Family Day

  Provincial holiday: Alberta, British Columbia, Nova Scotia and Ontario

  Content Type(s): Upcoming events