April 16, 2008
Results of the 16 April 2008 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 16 April 2008 Sale of Treasury Bills.
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April 15, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $2 billion of its holdings of treasury bills. This transaction will offset the temporary increase in assets associated with the term purchase and resale transactions announced today. -
April 15, 2008
Bank of Canada Announces Term PRA Transaction
As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows: -
April 14, 2008
Business Outlook Survey - Spring 2008
In the spring survey, a number of indicators eased from their level in the winter survey. While the weaker U.S. economic situation is weighing more heavily on the outlook, firms are not expecting a marked change in the pace of business activity. -
April 10, 2008
Credit Markets, Financial Stability, and Monetary Policy
Today, I'd like to discuss some of the crucial issues that we have been dealing with during this period. I'll begin with a brief overview of some key events that have led to the turbulence that continues to upset financial markets and that greatly contributed to the remarkably wide credit spreads that we now witness. -
Credit, Asset Prices, and Financial Stress in Canada
Historical narratives typically associate financial crises with credit expansions and asset price misalignments. The question is whether some combination of measures of credit and asset prices can be used to predict these events. -
A Model of Housing Boom and Bust in a Small Open Economy
This paper considers a dynamic stochastic general equilibrium model for a small open economy and finds that an improvement in the terms of trade causes a housing boom-bust cycle if the duration of the improvement is uncertain. -
April 2, 2008
Trends and Challenges in the Global Economy and What They Mean for Canada and Ontario
As is the case for so many cities and regions in Canada, London's economy and that of southwestern Ontario are directly affected by changes in the global economy. And, as with so many things in life, the better we understand the forces of change, the better equipped we are to deal with them. -
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: -
March 18, 2008
Bank of Canada Announces Recipients of Fellowship Award for 2008
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.