Uncategorized

• August 13, 2025

  Release of the Bank of Canada’s summary of deliberations 

  On Wednesday, August 13, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on July 30, 2025.

  Content Type(s): Press, Media advisories
• August 13, 2025

  Summary of Governing Council deliberations: Fixed announcement date of July 30, 2025

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 30, 2025.

  Content Type(s): Publications, Summary of deliberations

• On-the-run Premia, Settlement Fails, and Central Bank Access

  Staff Working Paper 2025-19 Fabienne Schneider

  The premium on “on-the-run” Treasuries is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. I use the model to analyze the effects of granting access to central bank facilities.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Financial markets, Market structure and pricing, Monetary policy JEL Code(s): G, G1, G12, G19, G2, G23
• August 11, 2025

  Market Participants Survey—Second Quarter of 2025

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey
• August 8, 2025

  Update on Payment Service Providers Registry

  On September 8, 2025, the Bank of Canada will begin to publish a list of Payment Service Providers (PSPs) that have been registered under the Retail Payment Activities Act, as well as the names of entities whose applications have been refused.

  Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision

• The Dynamic Canadian Debt Strategy Model

  Technical Report No. 127 Nicolas Audet, Joe Ning, Adam Epp, Jeffrey Gao

  We present a dynamic debt strategy model framework designed to assist sovereign debt portfolio managers in choosing an optimal debt issuance strategy. The main innovation of this framework is the introduction of dynamic issuance strategies, which allow issuance decisions to vary over time based on the model’s simulated state variables.

  Content Type(s): Staff research, Technical reports Research Topic(s): Debt management, Econometric and statistical methods, Financial markets, Fiscal policy JEL Code(s): C, C6, C61, G, G1, G11, G17, H, H6, H63, H68
• August 6, 2025

  Bank of Canada publishes its 2026 schedule for policy interest rate announcements and other major publications

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2026 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases
• July 30, 2025

  Bank of Canada holds policy rate at 2¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

  Content Type(s): Press, Press releases
• July 30, 2025

  Monetary Policy Report—July 2025

  

  Tariffs are significantly higher than they were at the start of 2025, and it is extremely difficult to predict how US trade policy will play out. Canadian economic activity has slowed but is showing signs of resilience. While inflation is close to 2%, underlying inflation has picked up.

  Content Type(s): Publications, Monetary Policy Report
• July 30, 2025

  Bank of Canada interest rate announcement  and release of the Monetary Policy Report 

  On Wednesday, July 30, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. 

  Content Type(s): Press, Media advisories