Uncategorized

• March 2, 2026

  Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada

  On Monday, March 2, 2026, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak at the Norges Bank Mandate Conference.

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

  Canada’s monetary policy framework in a world of supply-driven trade-offs

  Remarks Sharon Kozicki Norges Bank Monetary Policy Mandate Conference Oslo, Norway

  Deputy Governor Sharon Kozicki discusses the challenges of setting monetary policy in a world where supply-side developments are important drivers of inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
• March 2, 2026

  Monetary policy in a turbulent world

  Speech summary Sharon Kozicki Norges Bank Monetary Policy Mandate Conference Oslo, Norway

  Deputy Governor Sharon Kozicki talks about setting monetary policy when supply shocks have more influence on inflation.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
• February 27, 2026

  Bank of Canada issues revised compliance order to XTM Inc.

  Media Relations Ottawa, Ontario

  The Bank of Canada today issued a revised temporary order to XTM Inc. (XTM). The Bank has authorized XTM to recommence retail payment activities under the supervision of the Monitor appointed today by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act, and subject to terms and conditions set out in the Bank's revised order.

  Content Type(s): Regulatory news Subject(s): Retail payments

• What typically happens before households fall behind on mortgage payments

  

  Sparks at Bank article Laura Zhao, Jia Qi Xiao

  Canadians usually pay their mortgages on time. But some fall behind on mortgage payments. Before they do, homeowners often increase their use of credit cards and lines of credit, and then fall behind on those payments.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit

• Consumers’ Path to Mortgage Delinquency

  Staff analytical paper 2026-3 Laura Zhao, Jia Qi Xiao, Aidan Witts

  Analyzing TransUnion data from 2015–2024, this study identifies a systematic timeline of distress where rising credit utilization and non-mortgage arrears precede mortgage delinquency by up to two years. This deterioration intensifies in the final six months, providing a robust suite of high-frequency indicators for monitoring emerging household stress.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): D, D1, D14, G, G2, G21, G5, G51 Research Theme(s): Financial system, Financial system regulation and oversight, Household and business credit

• Assessing the Buy Canadian movement one year later

  

  Sparks at Bank article Olga Bilyk, Jacob Dolinar

  Canada and the United States have both benefited from decades of free trade. But US tariffs significantly changed this relationship, and Canadians reacted. In our research, we explore the Buy Canadian sentiment one year after it emerged and measure how much it has shifted travel patterns and spending in grocery stores.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
• February 20, 2026

  Release: Senior Loan Officer Survey

  10:30 (ET)
  The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. 

  Content Type(s): Upcoming events
• February 19, 2026

  Bank of Canada announces 2025-26 scholarship recipients

  The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, francophones, and students who identify as a member of a visible minority or racialized group.

  Content Type(s): Press, Announcements Source(s): Scholarship awards

• Channels of Transmission: How Mortgage Rates Affect House Prices and Rents in Canada

  Staff analytical paper 2026-2 Nishaad Rao, Tao Wang

  We use Canadian data to examine how monetary policy affects house prices and the consumer price index for rent through exogenous changes in the mortgage interest rates. It finds that the price and rent impacts operate through various channels and that these impacts vary by region.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E3, E31, E5, E52, R, R2, R21 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission