Bank of Canada
Time-expenditure substitution explains 40 percent of policy impact
A Bank of Canada staff working paper finds that household time reallocation explains consumption cyclicality across categories.
Focus
RCMP constable receives 2026 counterfeit deterrence award
The Bank of Canada awarded Constable Michael Scott-Doornink of the Royal Canadian Mounted Police the 2026 Law Enforcement Award of Excellence for Counterfeit Deterrence at the Canadian Association of Chiefs of Police Summit in Edmonton on August 18.
Labour board rulings followed during security officer strike
Bank of Canada Governor Tiff Macklem responded to Canadian Labour Congress President Bea Bruske on July 30, 2026, affirming compliance with Canada Industrial Relations Board rulings regarding replacement workers during an ongoing security officer strike.
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G7 cross-border exercise tests financial cyber resilience
The G7 Cyber Expert Group completed its 2026 Cross-Border Coordination Exercise on May 18, simulating a major cyber-attack across member jurisdictions.
Policy rate held at 2.25 percent as inflation risks linger
The policy interest rate remains at 2.25 percent following the Bank of Canada's July 2026 deliberations.
Canadian GDP growth projected at 1.3 percent for 2026
Financial market participants surveyed by the Bank of Canada in June 2026 forecast Canadian real GDP growth of 1.3 percent for 2026 and 1.9 percent for 2027.
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AI augmentation pose central bank stabilization challenges
A Bank of Canada working paper published in July 2026 examines how AI augmentation and automation create short-term monetary policy stabilization challenges in a two-speed economy.
Climate disasters force monetary policy trade-offs in Canada
A Bank of Canada working paper examines how natural disasters act as supply shocks, forcing central banks to balance output and inflation stabilization.
Partisanship drives macro views while personal finances anchor reality
A new Bank of Canada working paper shows that macroeconomic expectations exhibit sharp partisan reversals around U.S. presidential elections, whereas personal financial expectations remain largely unaffected.
Payout-linked manager pay drives firm underinvestment
A new Bank of Canada working paper shows that manager compensation tied to total payouts induces endogenous short-termism and underinvestment.
New model reveals sharp nonlinearity in bank credit provision
A new Bank of Canada staff working paper introduces a strategic stress-testing framework for Canada's Big Six banks.
Robust Monte Carlo tests for regime-switching models
Bank of Canada researchers developed new Monte Carlo likelihood-ratio tests for Markov switching models.