November 6, 2025 2025 Annual Economic Conference The Bank of Canada will host the 2025 Annual Economic Conference on November 6 and 7 in Ottawa. The theme for this year’s conference is Central Banking and the Future of Payments. Content Type(s): Conferences and workshops
November 5, 2025 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor 16:30 (ET) Ottawa, Ontario Content Type(s): Upcoming events
November 5, 2025 Parliamentary Appearance by the Governor and the Senior Deputy Governor of the Bank of Canada On Wednesday, November 5, 2025, the Governor of the Bank of Canada, Tiff Macklem, will appear before the House of Commons Standing Committee on Finance. He will be accompanied by Senior Deputy Governor Carolyn Rogers. Content Type(s): Press, Media advisories
November 3, 2025 Fireside Chat: Tiff Macklem, Governor 13:30 (ET) Toronto, Ontario Content Type(s): Upcoming events
November 3, 2025 Fireside chat with Tiff Macklem, Governor of the Bank of Canada On Monday, November 3, 2025, Tiff Macklem, Governor of the Bank of Canada, will participate in a fireside chat at The Logic Summit. Content Type(s): Press, Media advisories
Demand-Driven Risk Premia in Foreign Exchange and Bond Markets Staff Working Paper 2025-29 Ingomar Krohn, Andreas Uthemann, Rishi Vala, Jun Yang We show how Treasury demand shocks transmit to foreign exchange and bond markets globally. Higher Treasury demand weakens the U.S. dollar and raises foreign bond prices, with effects persisting for two weeks. The transmission varies predictably across countries based on their monetary policy alignment with the United States. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Exchange rates, Interest rates, International financial markets, Market structure and pricing JEL Code(s): F, F3, F30, F31, G, G1, G12, G15
Risk Scenarios and Macroeconomic Forecasts Staff Working Paper 2025-28 Kevin Moran, Dalibor Stevanovic, Stéphane Surprenant We produce forecasts for four risk scenarios to consider their usefulness for monitoring the Canadian economy. We find a high-oil-price scenario benefits the economy, a US recession induces a slowdown, a tight labor market leads to price increases, and a restrictive monetary policy scenario increases the unemployment rate while lowering the inflation rate. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Monetary policy JEL Code(s): E, E3, E32, F, F4, F41, F44