April 26, 2007
Posts
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April 26, 2007
Bank of Canada releases Monetary Policy Report
The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. -
April 25, 2007
Bank of Canada Governor David Dodge will not seek second term
Governor David Dodge has informed the Bank of Canada's Board of Directors and the Minister of Finance that he will not seek a second term as Governor. -
April 25, 2007
Process for selecting a Governor of the Bank of Canada
The Board of Directors of the Bank of Canada has initiated a process to find a replacement for the Governor of the Bank of Canada, David Dodge, whose seven year mandate will end on 31 January 2008. The following is the process leading to the appointment of a new Governor. -
April 24, 2007
Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. -
April 17, 2007
Update of Securities Eligible as collateral under the Bank of Canada's Standing Liquidity Facility
Effective immediately, the Bank of Canada has updated its list of securities eligible as collateral under the Standing Liquidity Facility to include foreign issuer Canadian dollar securities. Foreign issuer securities are subject to the conditions and margins as identified in the Bank's collateral policy as posted on the Bank of Canada website. -
April 16, 2007
Business Outlook Survey - Spring 2007
All indicators of business activity (future sales, expected employment, and investment intentions) have increased relative to the previous survey. -
April 16, 2007
Clarifications to the Terms of Participation in Auctions for Government Securities Distributors
The Department of Finance and the Bank of Canada have updated the "Terms of Participation in Auctions for Government Securities Distributors." -
April 15, 2007
Renewing the International Monetary Fund: A Review of the Issues
Given the rapid and ongoing integration of the global economy, the International Monetary Fund needs to renew its role, governance structure, and functions if it is to maintain its relevance as the institution charged with promoting global financial stability. Lecavalier and Santor examine the areas of possible reform, including quota, voice, and representation; internal governance; surveillance; lending instruments; finances; and the Fund's role in low-income countries. They also review current Bank of Canada research that supports these reform efforts, including an integrated framework for IMF surveillance recently developed at the Bank. -
April 14, 2007
The Canadian Overnight Market: Recent Evolution and Structural Changes
Since 1997 when the Bank of Canada last published a review of the Canadian overnight market, several important changes have affected the market's structure and dynamics. Reid provides a current overview of the market, examining the financial instruments, market transparency and flows, and the collateralized overnight rate as it has evolved since the introduction of the Large Value Transfer System and the fixed announcement dates. Other significant influences include changes in market practices regarding risk management, the rise of securities lending, the increased demand for collateral, and the Bank of Canada's measures to reinforce the target for the overnight rate.