Uncategorized

• December 23, 2009

  Operational Change to the Cash-Management Bond Buyback Program

  In light of the significant size of some specific key maturity dates and comments received during the Debt Strategy Consultations 2010 – 11, the eligibility criteria for the inclusion of Government of Canada bonds in the cash-management bond buyback operations have been changed.

  Content Type(s): Press, Market notices
• December 21, 2009

  Results of the 21 December 2009 Term PRA Transaction

  The results of today's term PRA operations are as follows.

  Content Type(s): Press, Market notices
• December 18, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation.

  Content Type(s): Press, Market notices
• December 17, 2009

  Quarterly Bond Schedule and Updates to the Terms of Participation in Auctions and Standard Terms

  Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website in conjunction with the release of the NHA MBS Auction Schedule on the website of the Canada Mortgage and Housing Corporation.

  Content Type(s): Press, Market notices
• December 16, 2009

  Current Issues in Household Finances

  Remarks Mark Carney The National Forum (Canadian Club of Toronto and Empire Club of Canada)

  As the holiday season approaches, our attention turns naturally to the home front. Accordingly, my comments this afternoon will focus on households. I would like to concentrate in particular on the implications of Canadian household finances for financial stability in our country.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 15, 2009

  Changes to the Terms of the Bank of Canada's Term Purchase and Resale Agreement (PRA) Facility

  Given improved conditions in Canadian funding markets, the Bank of Canada is announcing that effective 19 January 2010 the following changes will apply to the Term PRA facility.

  Content Type(s): Press, Market notices

• Estimating DSGE-Model-Consistent Trends for Use in Forecasting

  Staff Working Paper 2009-35 Jean-Philippe Cayen, Marc-André Gosselin, Sharon Kozicki

  The workhorse DSGE model used for monetary policy evaluation is designed to capture business cycle fluctuations in an optimization-based format. It is commonplace to log-linearize models and express them with variables in deviation-from-steady-state format.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C3, C32, E, E3, E5, E52

• A Consistent Test for Multivariate Conditional Distributions

  Staff Working Paper 2009-34 Fuchun Li, Greg Tkacz

  We propose a new test for a multivariate parametric conditional distribution of a vector of variables y_t given a conditional vector x_t.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22
• December 14, 2009

  Liquidity Standards in a Macroprudential Context

  Financial System Review - December 2009 Carol Ann Northcott, Mark Zelmer

  Content Type(s): Publications, Financial System Review articles
• December 14, 2009

  Reform of Securitization

  Financial System Review - December 2009 Jack Selody, Elizabeth Woodman

  Content Type(s): Publications, Financial System Review articles