Posts

• Affine Term-Structure Models: Theory and Implementation

  Staff Working Paper 2001-15 David Bolder

  Affine models describe the stylized time-series properties of the term structure of interest rates in a reasonable manner, they generalize relatively easily to higher dimensions, and a vast academic literature exists relating to their implementation. This combination of characteristics makes the affine class a natural introductory point for modelling interest rate dynamics.

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Econometric and statistical methods, Interest rates JEL Code(s): C, C0, C5, G, G0
• October 1, 2001

  Bank of Canada releases 2002 schedule of dates for policy interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its schedule of eight dates for announcing decisions on its key policy interest rate for 2002.

  Content Type(s): Press, Press releases
• October 1, 2001

  Taylor Rules Workshop

  Conference Proceedings October 2001 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• September 24, 2001

  Revised comment period for the discussion paper on the Bank's repurchase program

  In the discussion paper titled "Proposed repurchase program for the Bank of Canada's holdings of Government of Canada securities", comments on the Bank's proposal were requested by the end of September. Please note that this comment period has been extended to the end of October.

  Content Type(s): Press, Market notices
• September 21, 2001

  Current Developments in the Canadian Economy

  Remarks David Dodge

  Right now, last week's tragic events in the United States are uppermost in people's minds. Like millions of people around the globe, Canadians are very concerned about the situation. We all share in the sheer horror of what has happened.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 21, 2001

  Opening Statement by David Dodge, Governor of the Bank of Canada

  Opening statement David Dodge

  Today, we released a section of the speech that I was to give in Moncton two days ago. It deals with current economic developments. The speech was postponed in light of last week's tragic events in the United States.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 17, 2001

  Change announced for scheduled Board meeting and speech

  Media Relations

  This week's meeting of the Bank of Canada Board of Directors scheduled for Moncton will now take place in Ottawa. The next regularly scheduled meeting of the Board in late October will be held in Moncton.

  Content Type(s): Press, Press releases
• September 17, 2001

  Bank of Canada lowers key policy interest rate by 1/2 percentage point to 3 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.

  Content Type(s): Press, Press releases
• September 14, 2001

  Bank of Canada update on financial markets to 14 September

  Media Relations

  Canada's payments, clearing and settlement systems have functioned well this week. The Bank of Canada continues to provide liquidity as needed. Trading activity in Canadian bond and money markets has increased since Wednesday and bid-ask spreads have narrowed, while activity in the foreign exchange markets has been very subdued.

  Content Type(s): Press, Press releases
• September 14, 2001

  Swap Facility with U.S. Federal Reserve

  Media Relations

  The Bank of Canada and the U.S. Federal Reserve have agreed to a temporary augmentation of their existing swap facility in order to facilitate the functioning of financial markets and provide liquidity in U.S. dollars.

  Content Type(s): Press, Press releases