November 6, 2025 Bank of Canada webcasts The John Kuszczak Memorial Lecture On Thursday, November 6, 2025, the Bank of Canada will host its annual economic conference. This year’s theme is “Central Banking and the Future of Payments”. Academics, policy-makers, private sector economists and representatives from policy think tanks will be among those in attendance. Content Type(s): Press, Media advisories
November 6, 2025 The John Kuszczak Memorial Lecture 14:00 (ET) Ottawa, Ontario Content Type(s): Upcoming events
November 6, 2025 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor 10:30 (ET) Ottawa, Ontario Content Type(s): Upcoming events
November 6, 2025 Parliamentary Appearance by the Governor and the Senior Deputy Governor of the Bank of Canada On Thursday, November 6, 2025, the Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied by Senior Deputy Governor Carolyn Rogers. Content Type(s): Press, Media advisories
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
Non-homothetic Preferences and the Demand Channel of Inflation Staff Working Paper 2025-30 Stephen Murchison An alternative to the standard CES aggregator, based on non-homothetic household preferences, is proposed. Specifically, the elasticity of substitution between goods declines during periods of strong per-capita consumption and vice versa, giving firms an incentive to adjust their desired markup in response to the state of demand. Empirical evidence favouring a direct role for per-capita consumption demand in inflation determination for Canada is presented. Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Inflation and prices, Market structure and pricing JEL Code(s): E, E2, E27, E5, E52, Q, Q4, Q43, Q5, Q58