April 23, 2002
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April 23, 2002
The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix B
Eligible Collateral for the Securities-Lending Program The list of eligible collateral for the Bank's securities-lending program will consist of the following: Securities issued by the Government of Canada. Government of Canada stripped coupons and residuals. Securities guaranteed by the Government of Canada (including Canada Mortgage Bonds and NHA mortgage-backed securities (MBS) with a minimum pool […] -
April 23, 2002
The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions - Appendix A
Related Entities "Entity" means a corporation, trust, partnership, fund, or an unincorporated association or organization. "Person" means a natural person, an entity or a personal representative. Where two or more Primary Dealers are related entities with each other, only one of those entities may participate in the Bank's securities-lending program, unless the related entities meet […] -
April 23, 2002
The Bank of Canada's Securities-Lending Program: Draft Terms and Conditions
Context The objective of the Bank of Canada's securities-lending program is to support the liquidity of Government of Canada securities by providing a secondary and temporary source of securities to the market under the conditions listed below. Transaction Structure The structure of the transactions is securities lending (no cash collateral) pursuant to a securities-lending agreement […] -
April 16, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. -
Risk, Entropy, and the Transformation of Distributions
The exponential family, relative entropy, and distortion are methods of transforming probability distributions. We establish a link between those methods, focusing on the relation between relative entropy and distortion. -
La fiabilité des estimations de l'écart de production au Canada
In this paper, we measure, with Canadian data, the scope of the revisions to real-time estimates of the output gap generated with several univariate and multivariate techniques. We also make an empirical evaluation of the usefulness of the output gap estimates for predicting inflation. -
March 26, 2002
The Conduct of Monetary Policy in the Presence of Economic Shocks
Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing. -
March 14, 2002
Debt Strategy Market Consultations—2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market […] -
March 14, 2002
Debt Strategy Market Consultations - 2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market participants.