March 14, 2024
Posts
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Decomposing Large Banks’ Systemic Trading Losses
Do banks realize simultaneous trading losses because they invest in the same assets, or because different assets are subject to the same macro shocks? This paper decomposes the comovements of bank trading losses into two orthogonal channels: portfolio overlap and common shocks. -
March 6, 2024
Bank of Canada Media Interview – Reuters
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Reuters. -
March 6, 2024
Bank of Canada Media Interview – Market News International
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Market News. -
March 6, 2024
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. -
March 6, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision. -
March 6, 2024
Bank of Canada Interest Rate Announcement
On Wednesday, March 6, 2024, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. -
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How changes in the share of constrained households affect the effectiveness of monetary policy
We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy.