Bank of Canada
Canadian economy adjusts to tariffs, modest growth expected
Senior Deputy Governor Carolyn Rogers stated that the Canadian economy continues to adjust to US tariffs and the new global trade landscape.
Focus
Two Deputy Governors to depart Bank of Canada Governing Council
Deputy Governors Rhys Mendes and Sharon Kozicki will depart the Bank of Canada's Governing Council on April 10 and July 15, respectively.
Public payment platforms: Optimal pricing and welfare impacts
A Bank of Canada working paper examines competition between public and private payment platforms in a two-sided market.
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Semi-structural model enhances professional inflation forecasts by 50 percent
A Bank of Canada staff working paper introduces a semi-structural model that significantly improves professional inflation forecasts.
Bank of Canada reaffirms 2% inflation target, eyes supply shocks
Bank of Canada Deputy Governor Karen Kosin Kosiki discussed the central bank's inflation targeting framework and the growing importance of supply-side developments.
Efficient estimators enhance stochastic volatility models with heavy tails
A Bank of Canada staff working paper introduces simple and efficient estimators for stochastic volatility models with heavy-tailed error distributions.
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Quantitative easing linked to increased security lending facility use
A Bank of Canada working paper finds a close link between quantitative easing expansion and higher usage of securities lending facilities, based on detailed Swedish data.
Tokenized bond experiment reveals DLT potential and limits
The Bank of Canada, Export Development Canada, RBC, and TD Bank Group successfully completed Project Samara, an experiment evaluating tokenization and distributed ledger technology for bond issuance.
Survey fatigue reduces financial literacy scores by 5-15 percent
A Bank of Canada staff working paper finds that survey fatigue significantly reduces financial literacy scores.
Monetary policy shocks affect neutral rate but not its long-term decline
A Bank of Canada staff working paper finds that monetary policy shocks significantly affect the neutral rate of interest and trend GDP growth.
R-package MSTest streamlines Markov switching model testing
The Bank of Canada has released MSTest, an R-package designed for hypothesis testing procedures in Markov switching models.
Financial system faces new risks from non-bank lenders
Bank of Canada Governor Tiff Macklem highlights shifting financial stability risks from the growing role of hedge funds and private credit in global debt markets.