December 18, 2012
Uncategorized
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Consumer Interest Rates and Retail Mutual Fund Flows
This paper documents a link between the real and financial sides of the economy. We find that retail equity mutual fund flows in Canada are negatively related to current and past changes in a component of the prime and 5-year mortgage rates that is uncorrelated with government rates. -
December 13, 2012
Bank of Canada Announces Extension of Swap Facilities in coordination with other central banks
The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing an extension of the existing temporary U.S. dollar liquidity swap arrangements to 1 February 2014. Previously, these swap arrangements had been authorized to 1 February 2013. -
December 11, 2012
Guidance
Bank of Canada Governor Mark Carney speaks about central bank policy guidance. -
Liquidity and Central Clearing: Evidence from the CDS Market
An international initiative to increase the use of central clearing for OTC derivatives emerged as one of the reactions to the 2008 financial crisis. The move to central clearing is a fundamental change in the structure of the market. -
December 4, 2012
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
November 29, 2012
Quarterly Financial Report - Third Quarter 2012
Quarterly Financial Report - Third Quarter 2012 - For the period ended 30 September 2012
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November 27, 2012
The Great Frustration: Hesitant Steps Toward Global Growth and Rebalancing
Deputy Governor John Murray discusses global growth and rebalancing. -
November 23, 2012
Summary of the 2012 Survey on Canadian Foreign Exchange Hedging
Since 2004, the Bank of Canada has carried out an annual qualitative survey to assess client activity in Canadian foreign exchange (FX) hedging as reported by banks. -
November 21, 2012
Weathering the Headwinds to Canada’s Economic Growth
Deputy Governor Tim Lane will discuss the global and Canadian economic outlook and outline the four main responsibilities of the Bank of Canada.