October 27, 2008
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October 27, 2008
Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments
The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments. -
October 27, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $1.85 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today. -
October 27, 2008
Bank of Canada Announces Details of its 28 Day Term PRA Transaction
In accordance with the schedule of Term PRA auctions announced on 3 October, the Bank of Canada announced today that it will enter into a 28-day Purchase and Resale Agreement (PRA) transaction as follows: -
Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System
We use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks. -
Financial Constraints and the Cash-Holding Behaviour of Canadian Firms
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. -
The Canadian Dollar and Commodity Prices: Has the Relationship Changed over Time?
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 […] -
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. -
October 23, 2008
Bank of Canada releases Monetary Policy Report
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. -
October 23, 2008
Release of the Monetary Policy Report
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.