Posts
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What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates
We use a novel approach to identify economic developments that drive exchange rates in the long run. Using a panel of six quarterly U.S. bilateral real exchange rates – Australia, Canada, the euro, Japan, New Zealand and the United Kingdom – over the 1980-2007 period, a dynamic factor model points to two common factors. -
February 17, 2010
Bank of Canada Liquidity Facilities: Past, Present, and Future
Thank you for inviting me here today. It is a pleasure to be with you. This afternoon, I would like to talk about liquidity and the role of the Bank of Canada. -
February 16, 2010
Results of the 16 February 2010 Term PRA Transaction
The results of today's term PRA operations. -
February 12, 2010
Bank of Canada Announces Details of its Term PRA Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 19 January (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation -
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February 4, 2010
Signs of Thaw in Corporate Attitudes Emerging, Says Governor Carney
With improvements in financial conditions, economic activity, commodity prices, and confidence, the Bank of Canada anticipates that there will be a relatively modest recovery this year in business fixed investment in Canada, and an acceleration of investment spending in 2011. -
February 4, 2010
The Coming Thaw
It is a pleasure to be here in Winnipeg. Today, I intend to elaborate on elements of the Bank of Canada's economic outlook. -
February 2, 2010
Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – February 2, 2010 to July 18, 2010
The Bank of Canada, through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). -
January 27, 2010
Bank of Canada Confirms Expiration of Temporary Swap Facility with U.S. Federal Reserve
In coordination with other central banks, the Bank of Canada confirms the expiration of its US $30 billion swap facility with the Federal Reserve on 1 February 2010. This facility, which was established to counter pressures in global funding markets, is no longer needed, given the improvements in financial market functioning seen over the past year.