April 9, 2020
Posts
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April 8, 2020
Results of today’s Provincial Money Market Purchase program
As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $480 million of provincial treasury bills and/or promissory notes. -
April 8, 2020
Results of today’s Canada Mortgage Bond purchase operation
Today the Bank of Canada purchased $ 250,000,000 of Canada Mortgage Bonds in the secondary market. -
April 6, 2020
Bank of Canada announces details of its Bankers’ Acceptance Purchase Program operations
Bank of Canada announces details of its Bankers’ Acceptance Purchase Program operations. -
April 6, 2020
Results of today’s Provincial Money Market Purchase program
As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $188.8 million of provincial treasury bills and/or promissory notes. -
April 6, 2020
Operational details for upcoming secondary market purchases of Government of Canada securities (April 13- 24)
As announced on March 27, 2020, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market. -
April 6, 2020
Results of today’s Canada Mortgage Bond purchase operation
Today the Bank of Canada purchased $ 265,000,000 of Canada Mortgage Bonds in the secondary market. -
April 6, 2020
Business Outlook Survey—Spring 2020
Results from the spring Business Outlook Survey suggest that business sentiment had softened in most regions even before concerns around COVID‑19 intensified in Canada. Confidence deteriorated the most among firms in energy-producing regions. -
April 6, 2020
Canadian Survey of Consumer Expectations—First Quarter of 2020
The Canadian Survey of Consumer Expectations (CSCE) focuses on respondents’ views on inflation, the labour market and household finances. The survey for the first quarter of 2020 was conducted between January 29 and February 19, 2020. Results were therefore obtained before COVID‑19 became a major concern for Canadians and affected their outlook. This is the second quarterly publication of the results of the CSCE. Data collection began in the fourth quarter of 2014. -
Optimal Taxation in Asset Markets with Adverse Selection
What is the optimal tax schedule in over-the-counter markets, e.g., those for corporate bonds? I find that an optimal tax schedule is often non-monotonic. For example, trading of some high-price assets should be subsidized, and trading of some low-price assets should be taxed.