Posts

• Financial Constraints and the Cash-Holding Behaviour of Canadian Firms

  Staff Discussion Paper 2008-16 Darcey McVanel, Nikita Perevalov

  The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and firm characteristics.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Sectoral balance sheet JEL Code(s): G, G1, G11, G3, G32

• The Canadian Dollar and Commodity Prices: Has the Relationship Changed over Time?

  Staff Discussion Paper 2008-15 Philipp Maier, Brian DePratto

  The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canada's exchange rate equation, they find that the differences between the actual value of the Canadian exchange rate and the simulated values observed in 2007 are not historically large. Still, given that […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates JEL Code(s): F, F3, F31
• October 25, 2008

  Senior Loan Officer Survey - Third-Quarter 2008

  Survey respondents reported widespread tightening in both the pricing and non-pricing dimensions of business-lending conditions. Respondents attributed the tightening of lending conditions mainly to the ongoing turmoil in credit markets and to concerns about the general economic outlook.

  Content Type(s): Publications, Senior Loan Officer Survey
• October 23, 2008

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• October 23, 2008

  Release of the Monetary Policy Report

  Opening statement Mark Carney

  In Canada, our financial system is sound, and our financial institutions are already well capitalized. We are nonetheless affected by global developments. That is why the Bank of Canada has taken extraordinary measures to provide liquidity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 23, 2008

  Monetary Policy Report – October 2008

  

  Three major interrelated global developments are having a profound impact on the Canadian economy and making the outlook more uncertain than it was at the time of the July Monetary Policy Report Update.

  Content Type(s): Publications, Monetary Policy Report
• October 23, 2008

  Results of the 23 October 2008 Sale of Treasury Bills for Balance Sheet Management Purposes

  Results of the 23 October 2008 Sale of Treasury Bills.

  Content Type(s): Press, Market notices
• October 23, 2008

  Bank of Canada Announces Details of its Term PRA Facility for Private Sector Money Market Instruments

  The Bank of Canada strongly welcomes the decisive actions announced today by the U.S. authorities. These significant and timely measures are part of the implementation of the G7 Action Plan agreed last Friday.

  Content Type(s): Press, Market notices
• October 21, 2008

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

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• October 21, 2008

  Results of the 21 October 2008 Term PRA Transaction

  The results of today's term PRA operations are as follows:

  Content Type(s): Press, Market notices