Uncategorized

• March 20, 2008

  Operational Changes to the Bond Buyback Program

  As announced in the Debt Management Strategy 2008-2009, minor operational changes will be made to the bond buyback program to broaden the eligible basket of securities available for buyback operations. The changes are as follows:

  Content Type(s): Press, Market notices
• March 18, 2008

  Bank of Canada Announces Recipients of Fellowship Award for 2008

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Michael Devereux of the University of British Columbia and Professor Shouyong Shi of the University of Toronto are the recipients of the Bank's Research Fellowship for 2008.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 18, 2008

  Bank of Canada Announces First Recipient of Governor's Award

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Henry Siu of the University of British Columbia is the first recipient of the Governor's Award.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 14, 2008

  The Bank of Canada Releases Its Annual Report for 2007

  Media Relations Ottawa, Ontario

  The Bank of Canada's Annual Report for 2007 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• March 13, 2008

  Addressing Financial Market Turbulence

  Remarks Mark Carney Toronto Board of Trade Toronto, Ontario

  Since last summer, many of us here today have been preoccupied with the ongoing dislocations in financial markets. What began in securities linked to U.S. subprime mortgages has spread to a broad range of structured assets, conventional credit markets, and, to a lesser extent, equities.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 12, 2008

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Paul Jenkins Standing Senate Committee on Banking, Trade and Commerce

  Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 11, 2008

  Bank of Canada Announces New Term PRA Transactions as part of Co-ordinated G10 Central Bank Actions

  Since the co-ordinated actions taken in December 2007, the G10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again.

  Content Type(s): Press, Market notices

• Markups in Canada: Have They Changed and Why?

  Staff Working Paper 2008-7 Danny Leung

  Many empirical studies have examined the cyclical nature of the markup ratio. Until recently, few have attempted to ascertain the changes in the markup over a longer time horizon.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): E, E3, E31, F, F4, F41, L, L1, L11
• March 4, 2008

  Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent.

  Content Type(s): Press, Press releases

• Inflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations

  Staff Working Paper 2008-6 Donald Coletti, René Lalonde, Dirk Muir

  This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Inflation and prices, Inflation: costs and benefits, Monetary policy framework JEL Code(s): C, C5, C51, C52, E, E1, E17, E3, E31, E5, E52