Posts

• February 5, 2026

  Understanding structural change

  Speech summary Tiff Macklem Empire Club of Canada Toronto, Ontario

  Governor Tiff Macklem talks about structural change in the economy and explains what it means for the Bank of Canada’s monetary policy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation
• February 5, 2026

  Bank of Canada Media Interview – Financial Post

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Jordan Gowling of the Financial Post.

  Content Type(s): Press, Media advisories
• February 4, 2026

  CFEC Releases Results of October 2025 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2025 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee

• Introducing Sparks at Bank

  

  Sparks at Bank article

  Sparks at Bank is a new platform for sharing insights, research and analysis from staff at the Bank of Canada. It’s designed for people who think deeply about the economy and policy but who also appreciate clarity and brevity.

  Content Type(s): Staff research, Sparks at Bank article

• What’s behind the slowdown in Toronto’s condo market

  

  Sparks at Bank article Benjamin Straus, Nishaad Rao

  Strong population growth, low interest rates and robust investor demand drove an expansion in Toronto’s condo market over the past decade. But times have changed. Toronto’s condos are no longer providing substantial returns for short-term investors because population growth has eased and interest rates have risen. This is challenging the business models of condo builders.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply

• Understanding the resurgence of food inflation in 2025

  

  Sparks at Bank article Olga Bilyk

  Inflation in grocery prices picked up in 2025, largely due to rising cost pressures that emerged in late 2024 and worked their way through supply chains. Compared with the cost pressures experienced during the COVID‑19 pandemic, these have been more limited, narrower in scope and more commonly tied to imported items.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures

• Hedge funds and their trading strategies in the Government of Canada bond market

  

  Sparks at Bank article Andreas Uthemann, Adrian Walton

  Hedge funds are active in Canadian government bond markets and help improve market efficiency. But their trading strategies are not well understood. We offer insights into the range of strategies hedge funds use beyond the more commonly known cash-futures basis trade. We also explore the concentration of trading activity among a few large funds.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
• February 2, 2026

  University of British Columbia crowned National Champion of The Governor’s Challenge

  The Bank of Canada is pleased to announce that the University of British Columbia has won the eleventh annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge
• January 29, 2026

  Operational Details for Government Purchases of Canada Mortgage Bonds in 2026

  In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions.

  Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
• January 28, 2026

  Bank of Canada Media Interview – Reuters

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Reuters.

  Content Type(s): Press, Media advisories