Posts

• What Is Behind the Weakness in Global Investment?

  Staff Discussion Paper 2016-5 Maxime Leboeuf, Robert Fay

  The recovery in private business investment globally remains extremely weak more than seven years after the financial crisis. This paper contributes to the ongoing policy debate on the factors behind this weakness by analyzing the role of growth prospects and uncertainty in explaining developments in non-residential private business investment in large advanced economies since the crisis.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Central bank research, Domestic demand and components, Economic models, International topics, Monetary policy and uncertainty, Recent economic and financial developments JEL Code(s): C, C2, C23, C3, C33, D, D2, D24, D8, D80, D84, E, E2, E22, F, F0, F01, G, G3, G31

• Limits to Arbitrage and Deviations from Covered Interest Rate Parity

  Staff Discussion Paper 2016-4 James Pinnington, Maral Shamloo

  We document an increase in deviations from short-term covered interest rate parity (CIP) in the first half of 2015. Since the Swiss National Bank’s (SNB) decision to abandon its minimum exchange rate policy, both the magnitude and volatility of deviations from CIP have increased across several currency pairs. The effect is particularly pronounced for pairs involving the Swiss franc.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, International financial markets JEL Code(s): F, F3, F31, G, G1, G15
• February 8, 2016

  Monetary Policy and Financial Stability—Looking for the Right Tools

  Remarks Timothy Lane HEC Montréal Montréal, Quebec

  Deputy Governor Tim Lane discusses the links between monetary policy and financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Monetary policy framework, Sectoral balance sheet
• February 5, 2016

  Weekly Financial Statistics - 5 February 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• New Housing Registrations as a Leading Indicator of the BC Economy

  Staff Discussion Paper 2016-3 Calista Cheung, Dmitry Granovsky

  Housing starts and building permits data are commonly used as leading indicators of economic activity. In British Columbia, all new homes must be registered with the Homeowner Protection Office, a branch of BC Housing, before the issuance of building permits and the start of construction.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Housing, Regional economic developments JEL Code(s): C, C1, C13, C5, C53, E, E3, E32, E37
• February 3, 2016

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Stephen Murchison Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Stephen Murchison discusses the causes and economic impact of movements in the Canadian dollar exchange rate.

  Content Type(s): Press, Speeches and appearances, Opening statements
• February 2, 2016

  Results of the 28-day 2 February 2016 Term Repo Operation

  Results of today's term repo operation.

  Content Type(s): Press, Market notices
• February 2, 2016

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation.

  Content Type(s): Press, Market notices
• February 1, 2016

  Bank of Canada Announces Details of its Term Repo Operations

  The Bank of Canada announced today that it will conduct term repo operations.

  Content Type(s): Press, Market notices
• February 1, 2016

  Completion of Public Consultations: Bank of Canada’s Criteria and Risk-Management Standards for Prominent Payment Systems

  Today, the Bank of Canada published criteria and risk-management standards for prominent payment systems.

  Content Type(s): Press, Market notices