Posts

• September 3, 2025

  What is a flexible exchange rate?

  Canada has a flexible exchange rate. The value of our dollar is not fixed to the value of any other currency or to a precious metal such as gold.

  Content Type(s): Explainers Research Topic(s): International topics

• Perceived Unemployment Risks over Business Cycles

  Staff Working Paper 2025-23 William Du, Adrian Monninger, Xincheng Qiu, Tao Wang

  Aggregate consumption impacts of heightened job risks during recessions can arise either from ex-ante responses to the fear of unemployment or from ex-post consumption declines due to realized income losses. We use survey-based perceptions of job risk and actual labor market transitions to quantify the relative contributions of these two channels. We further show that belief stickiness limits the extent of ex-ante insurance against job risks.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Labour markets, Monetary policy and uncertainty JEL Code(s): D, D1, D14, E, E2, E21, E7, E71, G, G5, G51
• August 26, 2025

  Bank of Canada Media Interview – El Financiero

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mexican newspaper El Financiero.

  Content Type(s): Press, Media advisories
• August 26, 2025

  Inflation targeting: A framework for today and tomorrow

  Speech summary Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico

  Governor Tiff Macklem discusses how inflation targeting became a leading strategy among central banks for maintaining price stability. He also talks about structural change ahead, shifts in global trade and ensuring monetary policy is fit for the future.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Credibility, Economic models, Inflation targets, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability
• August 26, 2025

  Flexible inflation targeting in a shock-prone world

  Remarks Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico

  Governor Tiff Macklem discusses how inflation targeting became a leading strategy for maintaining price stability and how the Bank of Canada is ensuring its monetary policy framework is fit for future challenges.

  Content Type(s): Press, Speeches and appearances Research Topic(s): Central bank research, Credibility, Economic models, Inflation targets, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability
• August 26, 2025

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Tuesday, August 26, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak at the Bank of Mexico’s 100th Anniversary Seminar.

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

  Quarterly Financial Report - Second Quarter 2025

  Quarterly Financial Report - Second Quarter 2025 - For the period ended June 30, 2025, unaudited

  Content Type(s): Publications, Quarterly Financial Report
• August 21, 2025

  Refusal or Revocation of Registration under the Retail Payment Activities Act (RPAA)

  This supervisory policy outlines the Bank of Canada’s (the Bank) powers and procedures to refuse to register applicants or revoke the registration of payment service providers (PSPs) based on the criteria established in the RPAA and its associated regulations.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Enforcement, Registration
• August 21, 2025

  Retail payments supervision: Supervisory policies and guidelines

  Access all supervisory policies and guidelines on registration, supervision and enforcement related to the Retail Payment Activities Act and the Retail Payment Activities Regulations.
• August 21, 2025

  Re-registration of payment service providers after refusal or revocation

  This supervisory policy provides guidance on how to submit a new registration application for individuals and entities that have had their registration as retail payment service providers (PSPs) refused or revoked.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Registration