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
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
High-Frequency Cross-Sectional Identification of Military News Shocks Staff Working Paper 2025-27 Francesco Amodeo, Edoardo Briganti We identify and quantify fiscal news shocks, compiling events (2001–2023) that altered the expected path of U.S. defense expenditure. For each event, we estimate market-implied shifts in expected spending. A shift-share analysis yields a two-year, metropolitan statistical area–level GDP multiplier of approximately 1 for U.S. military build-ups. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Fiscal policy JEL Code(s): E, E2, E20, E3, E30, E32, E6, E60, E62, E65