June 18, 2025 Speech by Tiff Macklem, Governor of the Bank of Canada On Wednesday, June 18, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before the St. John’s Board of Trade. Content Type(s): Press, Media advisories
June 18, 2025 Speech: Tiff Macklem, Governor 13:00 (NT) / 11:30 (ET) St. John's, Newfoundland and Labrador Content Type(s): Upcoming events
June 18, 2025 The impact of US trade policy on jobs and inflation in Canada Remarks Tiff Macklem St. John’s Board of Trade St. John's, Newfoundland and Labrador Governor Tiff Macklem discusses how the trade conflict with the United States has affected the Canadian economy. He explains that restoring open trade is critical for jobs and growth, and important for prices and inflation. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Expectations, Inflation and prices, International topics, Labour markets, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments, Trade integration
Benchmarks for assessing labour market health: 2025 update Staff Analytical Note 2025-17 Fares Bounajm, Tessa Devakos We provide an update on the state of the labour market, which has moved into modest excess supply. We also explore why wage growth measures remain elevated and how US trade policy could affect different parts of the labour market. We update the range of benchmarks in our dashboard of indicators. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Labour markets, Monetary policy JEL Code(s): E, E2, J, J2, J3, J6
June 18, 2025 Trade, jobs and inflation Speech summary Tiff Macklem St. John’s Board of Trade St. John's, Newfoundland and Labrador Governor Tiff Macklem discusses the trade conflict with the United States and how it is has affected the Canadian economy. He explains that restoring open trade is important for jobs, growth and price stability in Canada. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Expectations, Inflation and prices, International topics, Labour markets, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments, Trade integration
June 17, 2025 Release of the Bank of Canada’s summary of deliberations On Tuesday, June 17, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on June 4, 2025. Content Type(s): Press, Media advisories
June 17, 2025 Summary of Governing Council deliberations: Fixed announcement date of June 4, 2025 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 4, 2025. Content Type(s): Publications, Summary of deliberations
A Retail CBDC Design for Basic Payments: Feasibility Study Staff Discussion Paper 2025-9 Sriram Darbha, Cyrus Minwalla, Rakesh Arora, Dinesh Shah We outline possible system architectures for an online retail central bank digital currency (CBDC) and identify one well-suited for basic payments. We analyze OpenCBDC 2PC, a representative system, finding such designs to be feasible, although some areas require further investigation. Our framing highlights other promising architectures for a retail CBDC. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): E, E4, E42, E5, E51, O, O3