Uncategorized

• December 15, 2014

  Results of the 15 December 2014 Term Repo Operation for Balance Sheet Management Purposes

  Results of today's term repo for balance sheet management purposes operation.

  Content Type(s): Press, Market notices
• December 12, 2014

  Bank of Canada Announces Details of a Term Repo for Balance Sheet Management Purposes Operation

  The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation.

  Content Type(s): Press, Market notices
• December 12, 2014

  Weekly Financial Statistics - 12 December 2014

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

• Why Do Canadian Firms Invest and Operate Abroad? Implications for Canadian Exports

  Staff Discussion Paper 2014-7 Martin Coiteux, Patrick Rizzetto, Lena Suchanek, Jane Voll

  Canadian foreign direct investment and sales of Canadian multinational firms’ operations abroad, particularly in the manufacturing industry and in the United States, have accelerated sharply over the past decade.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): International topics, Recent economic and financial developments JEL Code(s): F, F1, F10, F2, F21, F23, F4, F41

• High-Frequency Trading around Macroeconomic News Announcements: Evidence from the U.S. Treasury Market

  Staff Working Paper 2014-56 George Jiang, Ingrid Lo, Giorgio Valente

  This paper investigates high-frequency (HF) market and limit orders in the U.S. Treasury market around major macroeconomic news announcements. BrokerTec introduced i- Cross at the end of 2007 and we use this exogenous event as an instrument to analyze the impact of HF activities on liquidity and price efficiency.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets JEL Code(s): G, G1, G10, G12, G14

• Persistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?

  Staff Working Paper 2014-55 Michael Mueller

  Studies such as Lemmon, Roberts and Zender (2008) demonstrate how stable firms’ capital structures are over time, and raise the question of whether new theories of capital structure are needed to explain these phenomena.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial markets JEL Code(s): C, C1, C18, G, G3, G32
• December 11, 2014

  Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz

  Media Relations New York, New York

  Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]

  Content Type(s): Press, Press releases
• December 11, 2014

  Speculating on the Future of Finance

  Remarks Stephen S. Poloz Economic Club of New York New York, New York

  Governor Stephen S. Poloz discusses the global financial reforms and what they mean for the future of finance.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 10, 2014

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 10, 2014

  Bank of Canada says household imbalances remain most important risk to financial stability

  Media Relations Ottawa, Ontario

  Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […]

  Content Type(s): Press, Press releases