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• The Application of Artificial Neural Networks to Exchange Rate Forecasting: The Role of Market Microstructure Variables

  Staff Working Paper 2000-23 Nikola Gradojevic, Jing Yang

  Artificial neural networks (ANN) are employed for high-frequency Canada/U.S. dollar exchange rate forecasting. ANN outperform random walk and linear models in a number of recursive out-of- sample forecasts.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates JEL Code(s): C, C4, C45, F, F3, F31
• December 5, 2000

  Bank of Canada keeps Bank Rate at 6 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining the Bank Rate at 6 per cent. The operating band for the overnight rate is unchanged, and the Bank’s target for the overnight rate remains at 5 3/4 per cent.

  Content Type(s): Press, Press releases
• December 4, 2000

  Why a Floating Exchange Rate Regime Makes Sense for Canada

  Remarks Gordon Thiessen Chambre de commerce du Montréal métropolitain Montréal, Quebec

  One of the issues that has often surfaced over the years is the exchange rate for the Canadian dollar. Indeed, over the past couple of years, it has been a topic of considerable public discussion.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 1, 2000

  Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2001-02

  A consultation document on issues relating to the design and operation of government debt programs over 2001-2002, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.

  Content Type(s): Press, Market notices
• December 1, 2000

  Debt Strategy Consultations 2001—02

  Overview The purpose of the consultations is to obtain market views on issues relating to the design and operation of government debt programs over 2001—02, with a focus on the Treasury bill program. The following provides a brief description of the issues to be covered: Context The objectives of debt strategy are to provide stable, […]
• December 1, 2000

  Background Note on the Treasury Bill Program

  1. Introduction This year, the average outstanding stock of treasury bills has been about $85 billion, about half of where it was (almost $165 billion) five years ago. The turnover ratio (the trading volume to the outstanding stock of bills) has declined by even more, to less than half the rate of five years ago. As part […]
• November 29, 2000

  Government of Canada Pilot Cash Management Bond Buyback Program Launch: Operational Framework

  On behalf of the Minister of Finance, the Bank of Canada announced today that the government will be proceeding on a pilot basis with a bond buyback program for cash management purposes. The program is designed to reduce the peak levels of government cash balances needed to redeem large upcoming maturities of Government of Canada marketable bonds. Design of the operational framework has been based on consultations with market participants.

  Content Type(s): Press, Announcements
• November 28, 2000

  Bank of Canada to Offer Term SPRAs and May Purchase BAs over Year-end

  The Bank of Canada today announced its intention to temporarily add assets to its balance sheet to offset the anticipated $2 billion to $3 billion seasonal increase in the demand for bank notes. These operations have no monetary policy significance.

  Content Type(s): Press, Market notices
• November 9, 2000

  Monetary Policy Report – November 2000

  Over the last six months, most countries have continued to register strong economic growth.

  Content Type(s): Publications, Monetary Policy Report
• November 9, 2000

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […]

  Content Type(s): Press, Speeches and appearances, Opening statements