Posts

• March 4, 2026

  Fireside Chat: Tiff Macklem, Governor

  Global Risk Institute
  Toronto, ON

  Content Type(s): Upcoming events

• I Am So Tired! I Don’t Know What to Do! Survey Fatigue and Financial Literacy: Results from a Randomized Experiment

  Staff working paper 2026-5 Anna Chernesky, Kim Huynh, Marcel Voia

  We use a randomization of question placement in surveys to estimate the causal effect on financial literacy results. We find that financial literacy questions placed at the end of a survey lead to a drop in financial literacy of 5%–15%. This research suggests a measure of financial literacy adapted for survey length.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C8, C81, C83, D, D1, D12, G, G5, G53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Cash and bank notes, Digital assets and fintech, Payment and financial market infrastructures, Retail payments
• March 4, 2026

  Fireside chat with Tiff Macklem, Governor of the Bank of Canada

  On Wednesday, March 4, 2026, Tiff Macklem, Governor of the Bank of Canada, will participate in a fireside chat at an event hosted by the Global Risk Institute (GRI).

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

  Bank of Canada to join the Canadian Collateral Management Service for its repo operations

  The Bank of Canada announced today that it will join the Canadian Collateral Management Service (CCMS) tri-party platform for its domestic repo operations by early 2027.

  Content Type(s): Press, Market notices
• March 4, 2026

  New players, old risks: Financial stability in a changing landscape

  Remarks Tiff Macklem Global Risk Institute (GRI) Toronto, Ontario

  Governor Tiff Macklem discusses how risks to financial stability are shifting as hedge funds and private credit play a growing role in global debt markets.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability
• March 4, 2026

  Identifying pressure points in a changing financial system

  Speech summary Tiff Macklem Global Risk Institute (GRI) Toronto, Ontario

  Governor Tiff Macklem discusses how risks to financial stability are shifting as hedge funds and private credit play a growing role in global debt markets.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial stability

• How Do Some Lower-Income Canadians Pay

  Staff analytical paper 2026-6 Jerry Buckland, Christopher Henry, Wendy Nur, Aidan Romanow-Bear, Stephen Wild

  Previous research suggests that lower-income Canadians may have unique experiences with the use of payments, including the use of cash and digital payments. We conduct a case study using data from [the Canadian Financial Diaries project/Canadian financial diaries] to gain insight into how some lower-income Canadians pay.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): D, D8, D83, E, E4, E41 Research Theme(s): Money and payments, Cash and bank notes, Retail payments

• The aggregate and heterogeneous effects of responding to shelter inflation

  Staff analytical paper 2026-5 Michael Irwin, Matías Vieyra

  This note examines how monetary policy responses to shelter inflation affect both the overall economy and different households. We find that the aggregate macroeconomic effects of responding to shelter inflation are modest, whereas the redistributive consequences across households are substantially larger.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E2, E3, E4, E5, G, G5 Research Theme(s): Monetary policy, Monetary policy framework and transmission

• AI Paradox: Promise vs. Reality—What It Means for Monetary Policy

  Staff analytical paper 2026-4 Joshua Brault, Maryam Haghighi, Jing Yang

  This note reviews the emerging evidence on AI’s labour-market and productivity effects, highlighting early task-level impacts, sizable micro level productivity gains, and the macroeconomic challenges these pose for monetary policy during the transition.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E2, E24, E3, E31, E5, E50, E52, E58 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Structural challenges, Digitalization and productivity

• Information, Prices and Buyer Entry

  Staff working paper 2026-4 Mei Dong, Janet Hua Jiang, Ling Sun

  In markets with costly buyer entry, information transparency about prices draws in buyers, increasing demand-side competition and putting upward pressure on prices. We show that this buyer entry effect may dominate seller competition as emphasized by conventional wisdom and prices and markups may rise with information transparency.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, D40, D8, D83, L, L1, L11 Research Theme(s): Models and tools, Economic models