December 16, 2025 Money you can count on Speech summary Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring Canadians can trust their money in all its forms. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Bank notes, Cryptoassets, Cryptocurrencies, Digital currencies and fintech, Financial institutions, Financial services, Financial system regulation and policies, Monetary policy framework, Payment clearing and settlement systems, Retail payments supervision
December 16, 2025 Careers Take a central role at the Bank of Canada with our current opportunities and scholarships.
Pulse check: Measuring underlying inflation and its drivers Staff Analytical Note 2025-29 Luis Uzeda This note presents PULSE, a new measure of underlying inflation in Canada based on a dynamic factor model estimated on disaggregated inflation data. PULSE captures the persistent component of inflation and decomposes it into broad-based and sector-specific inflationary pressures. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy transmission JEL Code(s): C, C5, C55, E, E3, E31, E5, E52
United in Booms, Divided in Busts: Regional House Price Cycles and Monetary Policy Staff Working Paper 2025-36 Ulrich Roschitsch, Hannes Twieling This paper shows that regional disparities in house price growth are more pronounced during house price busts than during booms. To explain this observation we construct a two-region currency union model incorporating a housing sector and extrapolative belief updating regarding house prices. To solve the model, we propose a new method that efficiently handles extrapolative belief updating in a wide class of structural models. Content Type(s): Staff research, Staff working papers Research Topic(s): Housing, Monetary policy, Monetary policy transmission JEL Code(s): E, E3, E31, E32, E5, E52, F, F4, F45
December 11, 2025 Statement of Commitment to the FX Global Code The Bank of Canada has reviewed the content of the FX Global Code (“Code”) and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market.
December 10, 2025 Appearance: Ron Morrow, Executive Director of Payments, Supervision and Oversight Standing Senate Committee on Banking, Commerce and the EconomyOttawa, Ontario14:00 (ET) Content Type(s): Upcoming events