Posts

• September 23, 2025

  Bank of Canada Media Interview – Bloomberg News

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Erik Hertzberg of Bloomberg News.

  Content Type(s): Press, Media advisories
• September 23, 2025

  CFEC Meeting (September 23, 2025)

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• September 23, 2025

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Tuesday, September 23, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before the Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce.

  Content Type(s): Press, Media advisories
• September 22, 2025

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

  On Monday, September 22, 2025, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak at the BIS-ECB-SUERF Online Workshop on Monetary Policy Framework.

  Content Type(s): Press, Media advisories
• September 22, 2025

  Equity, diversity and inclusion at the Bank

  Our commitment to equity, diversity and inclusion (EDI) is about more than a strategy or a program. As a public institution, we represent all Canadians. Making sure that we are diverse, equitable and inclusive is the right thing to do.
• September 19, 2025

  Bank of Canada updates terms and conditions governing term repo operations

  In March 2025, the Bank  restarted regular term repo operations as part of its return to normal balance sheet management.

  Content Type(s): Press, Market notices Source(s): Term repo operations

• Credit Conditions, Inflation, and Unemployment

  Staff working paper 2025-26 Chao Gu, Janet Hua Jiang, Liang Wang

  We identify two channels that affect the relationship between inflation and unemployment. First, inflation lowers wages because unemployed suffer more from inflation than employed, generating a positive relationship. Second, inflation increases firms’ financing costs, generating a negative relationship. Improvements in firm financing conditions can induce the relationship to switch signs.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E24, E3, E31, E4, E44, E5, E51 Research Theme(s): Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting

• Financial Shocks and the Output Growth Distribution

  Staff working paper 2025-25 Francois-Michel Boire, Thibaut Duprey, Alexander Ueberfeldt

  This paper studies how financial shocks shape the distribution of output growth by introducing a quantile-augmented vector autoregression (QAVAR), which integrates quantile regressions into a structural VAR framework. The QAVAR preserves standard shock identification while delivering flexible, nonparametric forecasts of conditional moments and tail risk measures for gross domestic product.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C3, C32, C5, C53, E, E3, E32, E4, E44, G, G0, G01 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
• September 18, 2025

  Keynote Speech and Fireside Chat by Ron Morrow, Executive Director of Payments, Supervision and Oversight at the Bank of Canada

  On Thursday, September 18, 2025, Ron Morrow, Executive Director of Payments, Supervision and Oversight the Bank of Canada, will deliver a keynote speech and participate in a Fireside Chat at The ONE Conference of the Chartered Professional Accountants Canada (CPA).

  Content Type(s): Press, Media advisories
• September 18, 2025

  Making change—Accelerating payments innovation

  Remarks Ron Morrow CPA The One conference Ottawa, Ontario

  Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about innovations in the payments ecosystem. He also highlights the Bank’s new role as supervisor of payment service providers.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Digital currency, Financial system, Financial markets, Financial stability, Fintech, Retail payments supervision