Uncategorized

• February 16, 2026

  Family Day

  Provincial holiday: Alberta, British Columbia, Nova Scotia and Ontario

  Content Type(s): Upcoming events

• Extraordinary Forward Guidance in Canada During the Pandemic

  Staff analytical paper 2026-1 Christopher S. Sutherland

  We consider two trade-offs inherent to extraordinary forward guidance (EFG): potency versus flexibility, and the credibility of forward guidance versus the credibility of inflation targeting. We argue that the form of EFG used by the Bank of Canada during the COVID‑19 pandemic balanced both trade-offs relatively well.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): D, D3, D8, D83, D84, E, E3, E37, E5, E52, E58 Research Theme(s): Monetary policy, Monetary policy tools and implementation

• Housing and the Long-Term Real Effects of Changes in Trend Inflation

  Staff working paper 2026-1 James (Jim) C. MacGee, Yuxi Yao

  An economy with fixed amortization mortgages and borrowing-constrained consumers leads to the level of inflation targeted having real effects on home ownership, consumption, and debt. Using a life-cycle housing tenure choice model, we show that by front-loading real mortgage payments, higher inflation lowers steady-state home ownership and the mortgage-debt-to-income ratio.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E5, E50, G, G5, G51, R, R2, R21 Research Theme(s): Financial system, Monetary policy, Inflation dynamics and pressures
• February 12, 2026

  Fireside Chat: Carolyn Rogers, Senior Deputy Governor

  Rotman School of Management
  Toronto, ON

  Content Type(s): Upcoming events
• February 12, 2026

  Fireside chat with Carolyn Rogers, Senior Deputy Governor of the Bank of Canada

  On Thursday, February 12, 2026, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will participate in a fireside chat at the Rotman Productivity Conference.

  Content Type(s): Press, Media advisories
• February 11, 2026

  Publication: Summary of Deliberations

  13:30 (ET)
  A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier.

  Content Type(s): Upcoming events
• February 11, 2026

  Release of the Bank of Canada’s summary of deliberations  

  On Wednesday, February 11, 2026, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 28, 2026.

  Content Type(s): Press, Media advisories
• February 11, 2026

  Summary of Governing Council deliberations: Fixed announcement date of January 28, 2026

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 28, 2026.

  Content Type(s): Publications, Summary of deliberations
• February 9, 2026

  How to complete an annual report: A step-by-step guide

  This guide explains the questions you will need to answer in PSP Connect and helps identify the documents and information needed to complete and submit an annual report to the Bank of Canada. You are required to submit your completed annual report form to the Bank by March 31 each year.

  Content Type(s): Retail payments supervision materials, Guides Subject(s): Retail payments supervision, Reporting, Supervision
• February 9, 2026

  Release: Market Participants Survey

  10:30 (ET)
  The Market Participants Survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy.

  Content Type(s): Upcoming events