June 23, 2008
Bank of Canada Announces that Term PRA Maturing on 26 June will not be Renewed
The Bank of Canada announced today that it will not renew the $1 billion term PRA maturing on 26 June.
Posts
-
-
June 23, 2008
Real Estate, Mortgage Markets, and Monetary Policy
For many Canadians, one of the most important investments they'll make is the purchase of a house. And for you as financial market professionals, the links between the housing market and financial markets have important consequences. -
-
-
June 21, 2008
Financial Market Turmoil and Central Bank Intervention
In this article, we consider central bank intervention to address financial market turmoil with a focus on the questions of why, when, and how a central bank might intervene. We set out a policy framework and identify appropriate central bank instruments to respond to extraordinary financial market turmoil, consistent with central bank policy goals and functions. -
-
-
-
June 21, 2008
Financial System Review - June 2008
Although there has been some improvement in conditions over the past several weeks, strains in global credit markets have broadened since December.
Errata: Some factual errors in the June report "Bank of Canada Oversight Activities during 2007 under the Payment Clearing and Settlement Act" have been corrected. They concern (i) clarification of the U.S. Federal Reserve as lead overseer of CLS Bank and (ii) the steps taken by CDS on 14 August 2007 to assist issuers and participants holding defaulted ABCP.
-