The Impact of Mortgage Interest Costs on Rental Inflation Amid Population Growth Staff analytical paper 2026-14 Amina Enkhbold, Serdar Kabaca This note finds evidence of a positive and nonlinear relationship between mortgage interest costs (MIC) and rental inflation: the impact of MIC on rents is small when population growth is near its historical norm, but significantly stronger during periods of rapid population growth. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E3, E31, E32, E5, E52 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
Supply Shocks in the Fog: The Role of Endogenous Uncertainty Staff working paper 2026-12 Anastasiia Antonova, Mykhailo Matvieiev, Celine Poilly Recessions feature elevated uncertainty. We develop a nonlinear imperfect-information New Keynesian model where procyclical information quality generates endogenous countercyclical uncertainty and precautionary saving. This demand channel can overturn the inflationary impact of negative supply shocks, making them deflationary, unless monetary policy stabilizes the output gap. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, D81, D83, E, E2, E21, E3, E32, E5, E52 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
April 9, 2026 Contingent Term Repo Facility: Terms and conditions Read the terms and conditions of the Contingent Term Repo Facility.
April 9, 2026 Contingent Term Repo Facility The Contingent Term Repo Facility (CTRF) is the Bank of Canada’s repurchase agreement (repo) facility designed to counter severe market-wide liquidity stresses and to support the stability of the Canadian financial system.
April 9, 2026 Framework for market operations and liquidity provision Learn about the Bank’s policies for financial market operations and tools for providing liquidity to the financial system. This includes routine and emergency liquidity tools provided as part of the Bank’s role as lender of last resort.
April 8, 2026 Spring 2026 Debt Management Strategy Consultations The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on the Government of Canada’s domestic debt program and relevant market developments. Content Type(s): Press, Market notices
April 8, 2026 Bank of Canada announces 2025‑26 scholarship recipients The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for the Master Scholarship Award for Women in Economics and Finance. Content Type(s): Press, Announcements Source(s): Scholarship awards