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8996 Results

September 21, 2026

Media Availability: Halifax Partnership

Economic developments — Governor Tiff Macklem takes questions from reporters following his remarks (12:30 (ET) approx.)

September 21, 2026

Speech: Halifax Partnership

Economic developments — Governor Tiff Macklem speaks before the Halifax Partnership (11:20 (ET) approx.).

September 21, 2026

Navigating uncertainty and adapting to change

Remarks Tiff Macklem Halifax Partnership Halifax, Nova Scotia
Governor Tiff Macklem discusses how Canadian businesses and households have adapted to structural forces. He then explores how a re-escalation in trade tensions and high energy prices are shifting risks and considers the implications for monetary policy.

Automation and Inequality: How Robots Shift Income Between Workers and Owners

Staff working paper 2026-34 Gabriela Galassi, Gaelan MacKenzie
This paper examines the direct effects of industrial robot adoption on workers and owners within Canadian private corporations. Adoption increases firm scale and per-worker payroll but does not decrease the labor share of value added. Conventional accounting of labor income earned by owners masks the impact on non-owner workers.
Content Type(s): Staff research, Staff working papers JEL Code(s): D, D2, D22, D3, D33, J, J2, J23, J3, J31, O, O3, O33 Research Theme(s): Structural challenges, Digitalization and productivity

A New Approach to Estimating Portfolio-Balance Models of the Yield Curve

Staff working paper 2026-33 Antonio Diez de los Rios
Portfolio-balance models of the yield curve are notoriously hard to estimate. This paper offers a simple, two-step estimation approach that can be implemented with standard term structure estimation methods. In our application to U.S. Treasury data, our method recovers economically interpretable drivers of the yield curve.
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