Housing and the Long-Term Real Effects of Changes in Trend Inflation Staff working paper 2026-1 James (Jim) C. MacGee, Yuxi Yao An economy with fixed amortization mortgages and borrowing-constrained consumers leads to the level of inflation targeted having real effects on home ownership, consumption, and debt. Using a life-cycle housing tenure choice model, we show that by front-loading real mortgage payments, higher inflation lowers steady-state home ownership and the mortgage-debt-to-income ratio. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E5, E50, G, G5, G51, R, R2, R21 Research Theme(s): Financial system, Monetary policy, Inflation dynamics and pressures
February 12, 2026 Fireside Chat: Carolyn Rogers, Senior Deputy Governor Rotman School of Management Toronto, ON Content Type(s): Upcoming events
February 12, 2026 Fireside chat with Carolyn Rogers, Senior Deputy Governor of the Bank of Canada On Thursday, February 12, 2026, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will participate in a fireside chat at the Rotman Productivity Conference. Content Type(s): Press, Media advisories
February 11, 2026 Publication: Summary of Deliberations 13:30 (ET) A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier. Content Type(s): Upcoming events
February 11, 2026 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 11, 2026, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 28, 2026. Content Type(s): Press, Media advisories
February 11, 2026 Summary of Governing Council deliberations: Fixed announcement date of January 28, 2026 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 28, 2026. Content Type(s): Publications, Summary of deliberations
February 9, 2026 How to complete an annual report: A step-by-step guide This guide explains the questions you will need to answer in PSP Connect and helps identify the documents and information needed to complete and submit an annual report to the Bank of Canada. You are required to submit your completed annual report form to the Bank by March 31 each year. Content Type(s): Retail payments supervision materials, Guides Subject(s): Retail payments supervision, Reporting, Supervision
February 9, 2026 Release: Market Participants Survey 10:30 (ET) The Market Participants Survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy. Content Type(s): Upcoming events