February 27, 2026 Bank of Canada issues revised compliance order to XTM Inc. Media Relations Ottawa, Ontario The Bank of Canada today issued a revised temporary order to XTM Inc. (XTM). The Bank has authorized XTM to recommence retail payment activities under the supervision of the Monitor appointed today by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act, and subject to terms and conditions set out in the Bank's revised order. Content Type(s): Press, Press releases Subject(s): Retail payments supervision
What typically happens before households fall behind on mortgage payments Sparks at Bank article Laura Zhao, Jia Qi Xiao Canadians usually pay their mortgages on time. But some fall behind on mortgage payments. Before they do, homeowners often increase their use of credit cards and lines of credit, and then fall behind on those payments. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit
Consumers’ Path to Mortgage Delinquency Staff analytical paper 2026-3 Laura Zhao, Jia Qi Xiao, Aidan Witts Analyzing TransUnion data from 2015–2024, this study identifies a systematic timeline of distress where rising credit utilization and non-mortgage arrears precede mortgage delinquency by up to two years. This deterioration intensifies in the final six months, providing a robust suite of high-frequency indicators for monitoring emerging household stress. Content Type(s): Staff research, Staff analytical paper JEL Code(s): D, D1, D14, G, G2, G21, G5, G51 Research Theme(s): Financial system, Financial system regulation and oversight, Household and business credit
Assessing the Buy Canadian movement one year later Sparks at Bank article Olga Bilyk, Jacob Dolinar Canada and the United States have both benefited from decades of free trade. But US tariffs significantly changed this relationship, and Canadians reacted. In our research, we explore the Buy Canadian sentiment one year after it emerged and measure how much it has shifted travel patterns and spending in grocery stores. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
February 20, 2026 Release: 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
February 19, 2026 Bank of Canada announces 2025-26 scholarship recipients The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, francophones, and students who identify as a member of a visible minority or racialized group. Content Type(s): Press, Announcements Source(s): Scholarship awards
Channels of Transmission: How Mortgage Rates Affect House Prices and Rents in Canada Staff analytical paper 2026-2 Nishaad Rao, Tao Wang We use Canadian data to examine how monetary policy affects house prices and the consumer price index for rent through exogenous changes in the mortgage interest rates. It finds that the price and rent impacts operate through various channels and that these impacts vary by region. Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E3, E31, E5, E52, R, R2, R21 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
February 17, 2026 Bank of Canada issues immediate compliance order to XTM Inc. Media Relations Ottawa, Ontario The Bank of Canada today issued a temporary order to XTM Inc. (XTM) to immediately cease performing any retail payment activities. Content Type(s): Press, Press releases Subject(s): Retail payments supervision