Posts
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Downside Variance Risk Premium
We decompose the variance risk premium into upside and downside variance risk premia. These components reflect market compensation for changes in good and bad uncertainties. Their difference is a measure of the skewness risk premium (SRP), which captures asymmetric views on favorable versus undesirable risks. -
October 21, 2015
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
October 21, 2015
Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. -
October 21, 2015
Monetary Policy Report – October 2015
Canada’s economy is expected to grow by 1.1 per cent this year before accelerating to 2.0 per cent in 2016 and 2.5 per cent in 2017. -
An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects
In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance. -
Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence
In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012. -
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October 13, 2015
Results of the 28-day 13 October 2015 Term Repo Operation
Results of today's term repo operation. -
October 13, 2015
Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation
The minimum bid rate for today's 28-day Term Repo operation is 0.49%.