December 15, 2008
Uncategorized
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December 12, 2008
Bank of Canada Announces Details of its 28 Day Term Loan Facility
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction as follows: -
December 9, 2008
Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent. -
December 9, 2008
Bank of Canada Announces Details of its 26 Day Term Loan Facility
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 26-day TLF transaction as follows: -
December 8, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $0.50 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the outstanding term liquidity facilities. Details of the transaction are as follows: -
How Important Is Liquidity Risk for Sovereign Bond Risk Premia? Evidence from the London Stock Exchange
This paper uses the framework of arbitrage-pricing theory to study the relationship between liquidity risk and sovereign bond risk premia. The London Stock Exchange in the late 19th century is an ideal laboratory in which to test the proposition that liquidity risk affects the price of sovereign debt. -
December 6, 2008
Beads to Bytes: Canada's National Currency Collection
This volume explores money and the role it has played, and continues to play, in society, through the lens of Canada's National Currency Collection. The Collection is an extraordinary repository of coins, bank notes, and related paraphernalia from around the world. Soft cover, 124 pages (2008).
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Indebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio Distribution
The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007. This increase has raised questions about the ability of households to service their increased debt if faced with a negative economic or socio-economic shock. -
December 1, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $0.90 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the outstanding term liquidity facilities. Details of the transaction are as follows: -
December 1, 2008
Bank of Canada Announces Details of its Future Term PRA Transactions
Since 19 September 2008, the Bank of Canada has conducted eleven Purchase and Resale Agreement (PRA) operations to provide liquidity to Canadian term lending markets. The Bank will continue to extend term liquidity to the market and today is publishing the schedule of its term PRA operations to the end of January.