Posts

• May 28, 2026

  Financial Stability Report—2026—In focus—Rapid growth in private credit has created vulnerabilities

  Globally, private credit lending has expanded rapidly and become increasingly connected to the broader financial system. Complex structures, limited transparency and the fact that private credit is untested in a downturn make it difficult to predict how the sector might amplify shocks.
• 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 28, 2026

  Financial Stability Report—2026—Financial markets

  The war in the Middle East has led to periods of increased volatility and reduced liquidity in certain markets, particularly in energy. Nevertheless, markets have generally remained resilient. Equity valuations are still elevated, and credit spreads are compressed.
• May 28, 2026

  Financial Stability Report—2026—Overall assessment

  Canada’s financial system has continued to function well despite US tariffs and trade uncertainty. But a more turbulent global environment poses risks to financial stability, particularly if several vulnerabilities crystalize at the same time.
• 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