Posts

• July 10, 2007

  Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.

  Content Type(s): Press, Press releases
• July 5, 2007

  The Bank of Canada - Rotman School of Management Workshop on Advances in Portfolio Management

  Conference held on 5 to 7 July 2007 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops

• Multilateral Adjustment and Exchange Rate Dynamics: The Case of Three Commodity Currencies

  Staff Working Paper 2007-41 Jeannine Bailliu, Ali Dib, Takashi Kano, Lawrence L. Schembri

  In this paper, we empirically investigate whether multilateral adjustment to large U.S. external imbalances can help explain movements in the bilateral exchange rates of three commodity currencies – the Australian, Canadian and New Zealand (ACNZ) dollars.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates JEL Code(s): C, C1, C11, C2, C22, F, F3, F31, F32

• Family Values: Ownership Structure, Performance and Capital Structure of Canadian Firms

  Staff Working Paper 2007-40 Michael R. King, Eric Santor

  This study examines how family ownership affects the performance and capital structure of 613 Canadian firms using a panel dataset from 1998 to 2005.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International topics JEL Code(s): G, G1, G12, G15

• Liquidity, Redistribution, and the Welfare Cost of Inflation

  Staff Working Paper 2007-39 Jonathan Chiu, Miguel Molico

  This paper studies the long run welfare costs of inflation in a micro-founded model with trading frictions and costly liquidity management.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits JEL Code(s): E, E4, E40, E5, E50

• The Canadian Business Cycle: A Comparison of Models

  Staff Working Paper 2007-38 Frédérick Demers, Ryan Macdonald

  This paper examines the ability of linear and nonlinear models to replicate features of real Canadian GDP. We evaluate the models using various business-cycle metrics.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C3, C32, E, E3, E37
• June 29, 2007

  Business Outlook Survey - Summer 2007

  Expectations regarding future sales growth are essentially unchanged from the last survey. Investment and employment intentions have declined from the very high levels reported in the previous survey, but continue to be solid.

  Content Type(s): Publications, Business Outlook Survey
• June 28, 2007

  Governor's comment on resignation of IMF's Managing Director Rodrigo de Rato

  Mr. de Rato has been a strong leader and a driving force behind renewing the IMF to meet the global challenges of the 21st century. We at the Bank of Canada are very sorry that he will be leaving. His departure will be a big loss for the international community.

  Content Type(s): Press, Market notices
• June 24, 2007

  Price Formation and Liquidity Provision in the Markets for European and Canadian Government Securities

  Financial System Review - June 2007 Chris D'Souza, Ingrid Lo, Stephen Sapp

  Content Type(s): Publications, Financial System Review articles
• June 22, 2007

  Advertisement for position of Governor of the Bank of Canada

  The principal mission of the Bank of Canada is the formulation and implementation of Canada's national monetary policy to promote the economic and financial welfare of the country.

  Content Type(s): Press, Announcements