December 23, 2025 Publication: Summary of Deliberations 13:30 (ET)A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier. Content Type(s): Upcoming events
December 16, 2025 Speech: Tiff Macklem, Governor 13:00 (ET) Montréal, QC Content Type(s): Upcoming events
United in Booms, Divided in Busts: Regional House Price Cycles and Monetary Policy Staff Working Paper 2025-36 Ulrich Roschitsch, Hannes Twieling This paper shows that regional disparities in house price growth are more pronounced during house price busts than during booms. To explain this observation we construct a two-region currency union model incorporating a housing sector and extrapolative belief updating regarding house prices. To solve the model, we propose a new method that efficiently handles extrapolative belief updating in a wide class of structural models. Content Type(s): Staff research, Staff working papers Research Topic(s): Housing, Monetary policy, Monetary policy transmission JEL Code(s): E, E3, E31, E32, E5, E52, F, F4, F45
December 11, 2025 Statement of Commitment to the FX Global Code The Bank of Canada has reviewed the content of the FX Global Code (“Code”) and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market.