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9053 Results

BoC–BoE Sovereign Default Database: What’s new in 2026?

Staff analytical paper 2026-48 David Beers, Obiageri Ndukwe, Joe Berry
The BoC–BoE database of sovereign debt defaults, published and updated annually by the Bank of Canada and the Bank of England, provides comprehensive estimates of stocks of government obligations in default.

How Do Import Tariffs Affect Aggregate Prices? Theory and Evidence from Canada

Using Canadian firm-level market shares and an oligopolistic model, the paper shows that a 25% counter-tariff on U.S. imports raises Canada's aggregate price index by 0.66%, far below direct cost pass-through predictions due to consumer substitution and markup adjustments.
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