September 30, 2025 National Day for Truth and Reconciliation National holiday Content Type(s): Upcoming events
September 23, 2025 Speech – Tiff Macklem, Governor 12:30 (CST) / 14:30 (ET) Saskatoon, SK Content Type(s): Upcoming events
September 18, 2025 Speech – Ron Morrow, Executive Director of Payments, Supervision and Oversight 15:30 (ET) Ottawa, Ontario Content Type(s): Upcoming events
September 17, 2025 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
August 22, 2025 Update: Senior Loan Officer Survey 10:30 (ET)The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. Content Type(s): Upcoming events
August 13, 2025 Canada Border Services Agency and Royal Canadian Mounted Police win Bank of Canada counterfeit deterrence award The Bank of Canada is pleased to announce the recipients of its 2025 Law Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Announcements
Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications Staff Working Paper 2025-20 Xing Guo, Pablo Ottonello, Thomas Winberry, Toni Whited We develop a heterogeneous firm macro model with private information and quantify the aggregate relevance of asymmetric information. We find that a spike in private information account for 40% of the decline in aggregate investment during the 2007-2009 financial crisis and made monetary stimulus significantly less effective. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Financial markets, Firm dynamics, Monetary policy JEL Code(s): D, D8, D82, E, E2, E22, E3, E32, E5, E52, G, G3, G30