March 18, 2026 Bank of Canada maintains policy rate at 2¼% Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Content Type(s): Press, Press releases
March 18, 2026 Monetary Policy Decision Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision. Content Type(s): Press, Speeches and appearances, Opening statements
March 18, 2026 Interest Rate Announcement 09:45 (ET) On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Content Type(s): Upcoming events
March 18, 2026 Bank of Canada Interest Rate Announcement On Wednesday, March 18, 2026, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Content Type(s): Press, Media advisories
Government of Canada Fixed-Income Market Ecology II: Government of Canada Bond Dealing Staff analytical paper 2026-11 Petr Kocourek, Adrian Walton This analytical paper examines the organization of Government of Canada bond dealing. We focus on dealers’ hedging and funding practices, the market infrastructures that support those practices, and trading costs across the yield curve. This paper builds on earlier work discussing Canada’s fixed-income market: "Government of Canada Fixed-Income Market Ecology." Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G1, G10, G2, G20, H, H6, H63 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
Beating the “pros” with a semi-structural model of their own inflation forecasts Staff working paper 2026-11 Sergio A. Lago Alves, Waldyr Dutra Areosa, Carlos Viana de Carvalho How can Surveys of Professional Forecasters (SPF) be used to improve inflation forecasts? By using US historical quarterly data on SPF forecasts, we provide better understanding of how we can use forecast disagreement to improve our own forecasts. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, C5, C53, E, E3, E31, E37 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
Repo transaction costs and balance sheet frictions Staff analytical paper 2026-10 Yanis Belkacem, Fabienne Schneider, Adrian Walton We develop an approach to quantify transaction costs in the repo market using OTC transaction data, where quoted bid-ask spreads are not observable. By estimating effective spreads at the level of individual trades, we construct a novel metric to evaluate intermediation costs across different segments of the market. Content Type(s): Staff research, Staff analytical paper JEL Code(s): G, G1, G10, G12, G2, G20 Research Theme(s): Financial markets and funds management, Financial system, Financial institutions and intermediation, Financial stability and systemic risk
Public vs. Private Payment Platforms: Market Impacts and Optimal Policy Staff working paper 2026-10 Youming Liu, Francisco Rivadeneyra, Edona Reshidi We study the competition between a welfare-maximizing public payment platform (e.g., CBDC or fast payment system) and a profit-maximizing private platform in a two-sided market, deriving optimal public pricing and showing how network effects, fragmentation, and policy mandates like zero fees or cost recovery shape welfare, usage, and fee incidence. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, E, E4, E42, E5, E58 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Retail payments
March 10, 2026 CFIF Meeting (March 10, 2026) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum