Uncategorized

• October 27, 2008

  Results of the 27 October 2008 Term PRA Transaction for Private Sector Money Market Instruments

  The results of today's term PRA operations.

  Content Type(s): Press, Market notices
• October 27, 2008

  Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes

  The Bank of Canada announced today it will sell $1.85 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today.

  Content Type(s): Press, Market notices
• October 27, 2008

  Bank of Canada Announces Details of its 28 Day Term PRA Transaction

  In accordance with the schedule of Term PRA auctions announced on 3 October, the Bank of Canada announced today that it will enter into a 28-day Purchase and Resale Agreement (PRA) transaction as follows:

  Content Type(s): Press, Market notices

• Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System

  Staff Working Paper 2008-42 Morten Bech, James Chapman, Rodney J. Garratt

  We use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Payment clearing and settlement systems JEL Code(s): C, C1, C11, E, E5, E50, G, G2, G20

• Financial Constraints and the Cash-Holding Behaviour of Canadian Firms

  Staff Discussion Paper 2008-16 Darcey McVanel, Nikita Perevalov

  The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and firm characteristics.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Sectoral balance sheet JEL Code(s): G, G1, G11, G3, G32

• The Canadian Dollar and Commodity Prices: Has the Relationship Changed over Time?

  Staff Discussion Paper 2008-15 Philipp Maier, Brian DePratto

  The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canada's exchange rate equation, they find that the differences between the actual value of the Canadian exchange rate and the simulated values observed in 2007 are not historically large. Still, given that […]

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Exchange rates JEL Code(s): F, F3, F31
• October 23, 2008

  Release of the Monetary Policy Report

  Opening statement Mark Carney

  In Canada, our financial system is sound, and our financial institutions are already well capitalized. We are nonetheless affected by global developments. That is why the Bank of Canada has taken extraordinary measures to provide liquidity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 23, 2008

  Monetary Policy Report – October 2008

  

  Three major interrelated global developments are having a profound impact on the Canadian economy and making the outlook more uncertain than it was at the time of the July Monetary Policy Report Update.

  Content Type(s): Publications, Monetary Policy Report
• October 23, 2008

  Results of the 23 October 2008 Sale of Treasury Bills for Balance Sheet Management Purposes

  Results of the 23 October 2008 Sale of Treasury Bills.

  Content Type(s): Press, Market notices
• October 23, 2008

  Bank of Canada Announces Details of its Term PRA Facility for Private Sector Money Market Instruments

  The Bank of Canada strongly welcomes the decisive actions announced today by the U.S. authorities. These significant and timely measures are part of the implementation of the G7 Action Plan agreed last Friday.

  Content Type(s): Press, Market notices