September 23, 2025 Time to roll up our sleeves Speech summary Tiff Macklem Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce Saskatoon, Saskatchewan Governor Tiff Macklem outlines four megatrends that are transforming the global economic and financial landscape. He also talks about the structural reform needed to ensure Canada’s long-term prosperity. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Exchange rates, Financial markets, Financial stability, Financial system regulation and policies, Foreign reserves management, Inflation and prices, International financial markets, International topics, Monetary policy and uncertainty, Productivity, Recent economic and financial developments, Trade integration
Simulating the Resilience of the Canadian Banking Sector Under Stress: An Update of the Bank of Canada’s Top-Down Solvency Assessment Tool Technical Report No. 128 Omar Abdelrahman, David Xiao Chen, Cameron MacDonald, Adi Mordel, Guillaume Ouellet Leblanc We present a technical description of the Top-Down Solvency Assessment (TDSA) tool. As a solvency stress-testing tool, TDSA is used to assess the banking sector’s capital resilience to hypothetical future risk scenarios. Content Type(s): Staff research, Technical reports Research Topic(s): Economic models, Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): C, C2, C22, C5, C52, C53, G, G1, G17, G2, G21, G28
September 23, 2025 Bank of Canada Media Interview – Calgary Herald Tiff Macklem, Governor of the Bank of Canada, gave an interview to Chris Varcoe of The Calgary Herald. The interview will be published online and in print. Content Type(s): Press, Media advisories
September 23, 2025 Bank of Canada Media Interview – Bloomberg News Tiff Macklem, Governor of the Bank of Canada, gave an interview to Erik Hertzberg of Bloomberg News. Content Type(s): Press, Media advisories
September 23, 2025 CFEC Meeting (September 23, 2025) Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
September 23, 2025 Speech by Tiff Macklem, Governor of the Bank of Canada On Tuesday, September 23, 2025, Tiff Macklem, Governor of the Bank of Canada, will speak before the Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce. Content Type(s): Press, Media advisories
September 23, 2025 Retail payments supervision: Key milestones Get an overview of what to expect as we prepare for the implementation of the Retail Payment Activities Act.
September 22, 2025 Remarks by Sharon Kozicki, Deputy Governor of the Bank of Canada On Monday, September 22, 2025, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak at the BIS-ECB-SUERF Online Workshop on Monetary Policy Framework. Content Type(s): Press, Media advisories
September 22, 2025 Equity, diversity and inclusion at the Bank Even though the world around us is continuously changing, the Bank remains grounded in its values and the knowledge that being diverse, inclusive and equitable enables us to do our best work for all Canadians.