Uncategorized
-
-
December 6, 2011
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 30, 2011
Coordinated Central Bank Action to Address Pressures in Global Money Markets
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. -
November 29, 2011
With a Little Help from Your Friends: The Virtues of Global Economic Coordination
Deputy Governor John Murray discusses the importance of global economic policy coordination in a speech at the State University of New York College in Plattsburgh, New York. -
The Role of Time-Varying Price Elasticities in Accounting for Volatility Changes in the Crude Oil Market
There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the early 1990s. We explore reasons for this evolution. We show that a likely explanation of this empirical fact is that both the short-run price elasticities of oil demand and of oil supply have declined considerably since the second half of the 1980s. -
November 28, 2011
Quarterly Financial Report - Third Quarter 2011
Quarterly Financial Report - Third Quarter 2011 - For the period ended 30 September 2011 -
November 25, 2011
Summary of the 2011 Survey on Canadian Foreign Exchange Hedging
Since 2004, the Bank of Canada has carried out a qualitative annual survey to assess the degree of activity in Canadian foreign exchange (FX) hedging. -
Security Transaction Taxes and Market Quality
We examine nine changes in the New York State Security Transaction Taxes (STT) between 1932 and 1981. We find that imposing or increasing an STT results in wider bidask spreads, lower volume, and increased price impact of trades. -
November 23, 2011
Renewing Canada’s Monetary Policy Framework
Governor Mark Carney discusses the key elements of Canada’s inflation-targeting regime. -
November 17, 2011
Promoting Canada’s Economic and Financial Well-being in an Uncertain World
Deputy Governor Jean Boivin discusses the Bank of Canada’s current economic outlook, the road from recession to recovery, and the Bank’s four main responsibilities.