Posts

• September 30, 2026

  National Day for Truth and Reconciliation

  National holiday

  Content Type(s): Upcoming events
• September 16, 2026

  Publication: Summary of Deliberations

  13:30 (ET)
  A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier.

  Content Type(s): Upcoming events
• September 7, 2026

  Labour Day

  National holiday

  Content Type(s): Upcoming events

• Tracking Heterogeneous Spending Patterns with Credit Card Microdata

  Staff analytical paper 2026-38 Jia Qi Xiao, Jackson Reid, Joey Daniels

  We present a measure of account-level credit card spending constructed using credit bureau microdata, capturing monthly spending for approximately 80% of adults in Canada. Our measure offers higher frequency than other publicly available consumption metrics, and can be disaggregated by age, geographic location and credit history.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): C, C5, C55, C8, C81, D, D1, D14, E, E2, E21, E3, E32, G, G5, G51 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Household and business credit, Monetary policy, Real economy and forecasting

• Non-bank financial intermediation: Canada’s submission to the 2025 global monitoring report

  Staff analytical paper 2026-37 Thomas Thorn, Sylvia Xie

  We share insights about non-bank financial intermediation in Canada in 2024. These data were collected as part of the Bank of Canada’s contribution to the Financial Stability Board’s Global Monitoring Report on Non-Bank Financial Intermediation.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G2, G21, G22, G23 Research Theme(s): Financial markets and funds management, Market structure, Financial system, Financial institutions and intermediation, Financial stability and systemic risk

• Climate stress test of the global supply chain network: the case of river floods

  Staff working paper 2026-30 Georgios Papadopoulos, Javier Ojea Ferreiro, Roberto Panzica

  This study investigates how extreme flood events can indirectly impact the global supply chain through production disruptions. The findings emphasize that the size of inventories is crucial; a lean-inventory system leads to faster shock propagation, higher losses, and fewer recoveries compared to an abundant-inventory system.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C60, C63, D, D8, D85, Q, Q5, Q54 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Structural challenges, Climate change, International trade, finance and competitiveness
• September 3, 2026

  Unveiling of Vertical $20 Bank Note

  Remarks Tiff Macklem Ottawa, Ontario Ottawa, Ontario

  Governor Tiff Macklem delivers remarks at the unveiling of Canada’s new vertical $20 bank note.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes
• September 3, 2026

  Bank of Canada unveils new vertical $20 bank note

  Media Relations Ottawa, Ontario

  Her Excellency the Right Honourable Louise Arbour, Governor General of Canada, and the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), joined Bank of Canada Governor Tiff Macklem today at an event to unveil Canada’s new vertical $20 bank note featuring a portrait of His Majesty King Charles III.

  Content Type(s): Press, Press releases
• September 3, 2026

  Unveil of Canada’s new vertical $20 bank note

  On Thursday, September 3, 2026, Bank of Canada Governor Tiff Macklem, along with some special guests, will unveil the design of the new $20 bank note featuring a portrait of His Majesty King Charles III.

  Content Type(s): Press, Media advisories
• September 2, 2026

  Bank of Canada maintains the policy rate at 2¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

  Content Type(s): Press, Press releases