Uncategorized

• June 17, 2010

  Operational Changes to the Bond Buyback Program

  In April 2010, officials from the Department of Finance and the Bank of Canada sought the views of institutional investors, government securities distributors, and other interested parties on issues relating to the management of the cash flow profile of Government of Canada securities over the medium term and on the demand for long-term bonds (nominal and Real Return).

  Content Type(s): Press, Market notices
• June 17, 2010

  Changes to Eligible Securities and Margin Requirements for the Bank of Canada's Standing Liquidity Facility (SLF)

  As part of an ongoing review of collateral policy related to the Bank of Canada's Standing Liquidity Facility (SLF), the Bank is broadening the list of assets acceptable as collateral and revising its margin requirements.

  Content Type(s): Press, Market notices
• June 16, 2010

  Fortune Favours the Bold

  Remarks Mark Carney Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 15, 2010

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Professor Prasanna Gai as Special Adviser for 2010–11.

  Content Type(s): Press, Press releases

• International Capital Flows and Bond Risk Premia

  Staff Working Paper 2010-14 Jesus Sierra

  This paper studies the impact of international capital flows on asset prices through risk premia. We investigate whether foreign purchases of U.S. Treasury securities significantly contributed to the decline in excess returns on long-term bonds between 1995 and 2008.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): C, C2, C22, F, F3, F31, F32, F34, G, G1, G11, G12, G15
• June 10, 2010

  The G-20’s Core Agenda to Reduce Systemic Risk

  Remarks Mark Carney International Organization of Securities Commissions (IOSCO) Montréal, Quebec

  Given this failure, the G-20’s agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement.

  Content Type(s): Press, Speeches and appearances, Remarks

• Estimating the Structure of the Payment Network in the LVTS: An Application of Estimating Communities in Network Data

  Staff Working Paper 2010-13 James Chapman, Nellie Zhang

  In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the system and hence how efficient the system is in settling payments. Understanding the structure of the underlying network of relationships between participants in the payment system is a crucial step in achieving the goal.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Payment clearing and settlement systems JEL Code(s): C, C1, C11, D, D8, D85, G, G2, G20
• June 1, 2010

  SPRA/SRAs

  The Bank conducts Special Purchase and Resale Agreements (SPRAs) and Sale and Repurchase Agreements (SRAs) to implement its monetary policy framework in the LVTS environment. SPRAs and SRAs are used to reinforce the target overnight rate at the mid-point of the operating band.
• June 1, 2010

  Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent.

  Content Type(s): Press, Press releases
• June 1, 2010

  Re-Establishment of the Standard Operating Framework for the Implementation of Monetary Policy

  Media Relations Ottawa, Ontario

  As part of the Bank of Canada's interest rate decision on 1 June 2010, the Bank will re-establish the standard operating framework for the implementation of monetary policy.

  Content Type(s): Press, Press releases