Posts

• May 28, 2026

  The Bank of Canada releases the 2026 Financial Stability Report

  The Financial Stability Report will be released on Thursday, May 28, 2026.

  Content Type(s): Press, Media advisories
• May 27, 2026

  Bank of Canada joins BIS Project Agorá to test improvements in wholesale cross-border payments

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today it is joining the Bank for International Settlements’ Project Agorá, an initiative exploring how tokenization could improve wholesale cross-border payments.

  Content Type(s): Press, Press releases
• May 26, 2026

  Speech: Nicolas Vincent, External Deputy Governor  

  Montréal, Quebec

  Content Type(s): Upcoming events
• May 26, 2026

  Speech by Nicolas Vincent, External Deputy Governor of the Bank of Canada

  On Tuesday, May 26, 2026, Nicolas Vincent, External Deputy Governor of the Bank of Canada, will speak before the Centre interuniversitaire de recherche en analyse des organisations (CIRANO).

  Content Type(s): Press, Media advisories
• May 26, 2026

  Canada’s labour market: between cycles and structural change

  Remarks Nicolas Vincent Centre interuniversitaire de recherche en analyse des organisations (CIRANO) Montréal, Quebec

  External Deputy Governor Nicolas Vincent explores the factors driving recent shifts in Canada’s labour market and the implications for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth
• May 26, 2026

  Diagnosing change in the labour market

  Speech summary Nicolas Vincent Centre interuniversitaire de recherche en analyse des organisations (CIRANO) Ottawa, Ontario

  External Deputy Governor Nicolas Vincent discusses three trends signaling weakness in Canada’s labour market, exploring whether they reflect temporary factors or deeper structural change.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation

• Central Bank Crisis Interventions and the Term Structure of Market Fear

  Staff working paper 2026-17 Mattia Bevilacqua, Jon Danielsson, Lerby Ergun, Andreas Uthemann, Jean-Pierre Zigrand

  How do central bank crisis interventions calm market fears? Using options data, we measure the perceived risk of large asset price drops across horizons from two weeks to ten years. Studying the Fed's response to the 2020 turmoil, we find asset purchases reduce short-term fears while interest rate actions shape long-term expectations.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C5, C58, E, E5, E58, G, G0, G01, G1, G12, G15 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Models and tools, Econometric, statistical and computational methods

• Assessing the US and Canadian neutral rates: 2026 update

  Staff analytical paper 2026-21 Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Jan David Schneider, Eugene Trostin, Argyn Toktamyssov, Hannes Twieling

  We assess the Canadian nominal neutral rate to be in the range of 2.25% to 3.25%, unchanged from our assessment in 2025. We assess the US nominal neutral rate to be in the range of 2.50% to 3.50%, somewhat higher than the range of 2.25% to 3.25% reported in the 2025 assessment.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E4, E43, E5, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission

• Assessing global potential output growth: April 2026

  Staff analytical paper 2026-20 Daniel de Munnik, Kristina Hess, Walter Muiruri, Tuuli McCully, Faiza Noor, Sabreena Obaid, Andrew Plummer, Louis Poirier, Abeer Reza, Jillian Schwartz

  We present the annual update of the Bank of Canada staff estimates for global potential output growth. These estimates served as key inputs to the analysis supporting the April 2026 Monetary Policy Report.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E1, E2, F, F0, F1, O, O3, O33, O4 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity

• Potential output in Canada: 2026 assessment

  Staff analytical paper 2026-19 Alex Chernoff, Christopher Hajzler, Stéphanie Houle, Gabriella Ruggero, Olena Senyuta, Karanbir Sohal, Walter Steingress, Temel Taskin

  Growth in potential output is expected to drop from 2.3% in 2025 to 1.2% in 2026 given slowing population growth, US tariffs and trade policy uncertainty. It is then estimated to pick up to an average of 1.5% over 2027–29 as strengthening business and government investment supports trend labour productivity (TLP). Gradual adoption of artificial intelligence is also expected to lift TLP growth over the projection horizon.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E2, E3, E4, E5 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply