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Throughout the years, Canada has been a major beneficiary of London's innovation. Companies of adventurers, conceived and funded in London, opened up large swathes of Canada to international trade.

Results of the third-quarter 2026 survey show that consumers’ long-term inflation expectations rose to match elevated shorter-term expectations. Consumers continued to cite trade tensions and energy prices as key sources of inflation. Expectations at all horizons moved higher following the breakdown of trade talks between Canada and the United States. Before trade talks broke down, the Canadian Survey of Consumer Expectations (CSCE) indicator edged higher, reflecting improvements in consumers’ views of their financial health. Consumers cited gains in financial asset values and greater confidence in the labour market as reasons for these improved views of financial health. Workers’ perceptions of the labour market moved closer to their survey average. Perceptions improved among workers more exposed to trade with the United States but deteriorated among workers in sectors where artificial intelligence poses a higher risk of task replacement. At the same time, spending plans deteriorated from already weak levels as high prices and economic uncertainty continue to weigh on consumers.

Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence.

Senior Deputy Governor Carolyn Rogers explains how higher productivity can protect the economy from future bouts of inflation and why fixing Canada's productivity problem should be a priority for all Canadians.

The LVTS is an electronic network for sending and receiving large-value payments. It is expected to become operational in the first half of 1999. Major chartered banks and other large deposit-taking institutions will provide access to the system for their clients in the financial, corporate and government sectors. Canada’s LVTS exceeds world standards for risk control in large-value systems. The author explains how this is achieved through the netting, bilateral and multilateral credit limits, collateral, and loss-sharing procedures used in the event of a default, and, as a last resort, a guarantee by the Bank of Canada. The LVTS gives participating institutions certainty of settlement for their LVTS positions every day, even if one or more participants default. This greatly reduces systemic risk in the financial system. Moreover, the LVTS supports finality of payment; that is, it makes funds unconditionally and irrevocably available to the receiver. Finality is highly desirable when the amount of the payment is substantial, or when exact timing is critical. Since the LVTS will carry the great majority of the value of all payments in Canada, it should be considered the core of the national payments system.

With inflation remaining low for the sixth consecutive year, the Canadian economy recorded a strong expansion of about 4 per cent through 1997.

At the Bank of Canada, we assessed the life cycle of bank notes to confirm that polymer notes have a smaller environmental footprint than paper notes. Polymer notes have a longer life and then are recycled.

I would like to thank students from universities across Canada for joining me on this special day, the 75th anniversary of the Bank of Canada

Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.

Deputy Governor Lynn Patterson discusses how the Bank gathers financial market intelligence and what it is learning.