Uncategorized

• Estimation of the Default Risk of Publicly Traded Canadian Companies

  Staff Working Paper 2006-28 Georges Dionne, Sadok Laajimi, Sofiane Mejri, Madalina Petrescu

  Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's non-structural model.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Credit and credit aggregates, Debt management, Econometric and statistical methods, Financial markets, Recent economic and financial developments JEL Code(s): G, G2, G21, G24, G28, G3, G33

• Can Affine Term Structure Models Help Us Predict Exchange Rates?

  Staff Working Paper 2006-27 Antonio Diez de los Rios

  The author proposes an arbitrage-free model of the joint behaviour of interest and exchange rates whose exchange rate forecasts outperform those produced by a random-walk model, a vector autoregression on the forward premiums and the rate of depreciation, and the standard forward premium regression.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Exchange rates, Interest rates JEL Code(s): E, E4, E43, F, F3, F31, G, G1, G12, G15
• July 27, 2006

  Bank of Canada releases 2007 schedule of dates for its policy interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its 2007 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 20, 2006

  The Right Policies for Today's Global Economy

  Remarks David Dodge Brazil-Canada Chamber of Commerce São Paulo, Brazil

  Canada and Brazil both rely on international trade and foreign investment for economic growth, and both are major producers of commodities. Because we share these attributes, we also share a keen interest in the health of the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 19, 2006

  The Right Policies for Today's Global Economy

  Remarks David Dodge Chile-Canada Chamber of Commerce Santiago, Chile

  Canada and Chile both rely heavily on international trade and foreign investment for economic growth, and are both major producers of commodities. Because we share these attributes, we also share a keen interest in the health of the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 13, 2006

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Overall, the Bank's outlook for growth and inflation in Canada is largely unchanged from that in its April Monetary Policy Report (MPR). Growth in the first half of 2006 appears to have been a little stronger than projected, and the Canadian dollar has traded in a higher range than was envisaged in the April MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 13, 2006

  Monetary Policy Report Update – July 2006

  Overall, the outlook for economic growth and inflation in Canada is largely unchanged from that set out in the April Monetary Policy Report.

  Content Type(s): Publications, Monetary Policy Report
• July 11, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases
• July 10, 2006

  Workshop on Commodity Price Issues

  Conference held on 10 and 11 July 2006 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops

• Linear and Threshold Forecasts of Output and Inflation with Stock and Housing Prices

  Staff Working Paper 2006-25 Greg Tkacz, Carolyn A. Wilkins

  The authors examine whether simple measures of Canadian equity and housing price misalignments contain leading information about output growth and inflation.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Inflation and prices JEL Code(s): C, C5, C53, E, E4