Uncategorized

• December 12, 2005

  Our Approach to Monetary Policy: Inflation Targeting

  Remarks David Dodge Regina Chamber of Commerce Regina, Saskatchewan

  This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 10, 2005

  A History of the Canadian Dollar - by James Powell

  

  The history of Canada's money provides a unique perspective from which to view the growth and development of the Canadian economy and Canada as a nation. Author James Powell traces the evolution of Canadian money form its pre-colonial origins to the present day, highlighting the currency chaos of the colonial period, as well as the effects of two world wars and the Great Depression.

  Content Type(s): Publications, Books and monographs, Souvenir books
• December 9, 2005

  Addition of Two Primary Dealers for Government of Canada Securities

  Effective 13 December 2005, HSBC Securities (Canada) Inc./HSBC Bank Canada will become a primary dealer for Government of Canada marketable bonds and treasury bills, respectively, and Desjardins Securities will become a primary dealer for Government of Canada marketable bonds.

  Content Type(s): Press, Market notices
• December 6, 2005

  The Bank of Canada: An Illustrated History

  

  This volume features interesting images and anecdotes about Canada's central bank and its place in Canadian society from 1935 until the present.

  Content Type(s): Publications, Books and monographs, Souvenir books
• December 6, 2005

  Exchange Rate Determinants and Economic Impacts

  Conference held on 6 and 7 December 2005 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• December 6, 2005

  Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent.

  Content Type(s): Press, Press releases

• An Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest Rate

  Staff Working Paper 2005-45 Ingrid Lo

  The author compares the performance of three Gaussian approximation methods - by Nowman (1997), Shoji and Ozaki (1998), and Yu and Phillips (2001) - in estimating a model of the nonlinear continuous-time short-term interest rate.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Interest rates JEL Code(s): C, C1, E, E4

• Order Submission: The Choice between Limit and Market Orders

  Staff Working Paper 2005-42 Ingrid Lo, Stephen Sapp

  Most financial markets allow investors to submit both limit and market orders, but it is not always clear what affects the choice of order type.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial institutions, Market structure and pricing JEL Code(s): D, D4, G, G1
• December 1, 2005

  Implementation Date for the Revised Terms of Participation and the Standard Terms for Government of Canada Auctions

  The revised Terms of Participation and the Standard Terms for Government of Canada Auctions, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, will become effective on 13 December 2005.

  Content Type(s): Press, Market notices

• MUSE: The Bank of Canada's New Projection Model of the U.S. Economy

  Technical Report No. 96 Marc-André Gosselin, René Lalonde

  The analysis and forecasting of developments in the U.S. economy have always played a critical role in the formulation of Canadian economic and financial policy. Thus, the Bank places considerable importance on generating internal forecasts of U.S. economic activity as an input to the Canadian projection.

  Content Type(s): Staff research, Technical reports Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): C, C5, C53, E, E1, E17, E2, E27, E3, E37, F, F1, F17