May 28, 2026 Financial Stability Report—2026—In focus—Rapid growth in private credit has created vulnerabilities Globally, private credit lending has expanded rapidly and become increasingly connected to the broader financial system. Complex structures, limited transparency and the fact that private credit is untested in a downturn make it difficult to predict how the sector might amplify shocks.
May 28, 2026 The Bank of Canada releases the 2026 Financial Stability Report The Financial Stability Report will be released on Thursday, May 28, 2026. Content Type(s): Press, Media advisories
May 28, 2026 Financial Stability Report—2026—Financial markets The war in the Middle East has led to periods of increased volatility and reduced liquidity in certain markets, particularly in energy. Nevertheless, markets have generally remained resilient. Equity valuations are still elevated, and credit spreads are compressed.
May 28, 2026 Financial Stability Report—2026—Overall assessment Canada’s financial system has continued to function well despite US tariffs and trade uncertainty. But a more turbulent global environment poses risks to financial stability, particularly if several vulnerabilities crystalize at the same time.
May 27, 2026 Bank of Canada joins BIS Project Agorá to test improvements in wholesale cross-border payments Media Relations Ottawa, Ontario The Bank of Canada announced today it is joining the Bank for International Settlements’ Project Agorá, an initiative exploring how tokenization could improve wholesale cross-border payments. Content Type(s): Press, Press releases
May 26, 2026 Speech: Nicolas Vincent, External Deputy Governor Montréal, Quebec Content Type(s): Upcoming events
May 26, 2026 Speech by Nicolas Vincent, External Deputy Governor of the Bank of Canada On Tuesday, May 26, 2026, Nicolas Vincent, External Deputy Governor of the Bank of Canada, will speak before the Centre interuniversitaire de recherche en analyse des organisations (CIRANO). Content Type(s): Press, Media advisories
May 26, 2026 Canada’s labour market: between cycles and structural change Remarks Nicolas Vincent Centre interuniversitaire de recherche en analyse des organisations (CIRANO) Montréal, Quebec External Deputy Governor Nicolas Vincent explores the factors driving recent shifts in Canada’s labour market and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth
May 26, 2026 Diagnosing change in the labour market Speech summary Nicolas Vincent Centre interuniversitaire de recherche en analyse des organisations (CIRANO) Ottawa, Ontario External Deputy Governor Nicolas Vincent discusses three trends signaling weakness in Canada’s labour market, exploring whether they reflect temporary factors or deeper structural change. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation