Posts
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December 23, 2004
Bank of Canada Lender-of-Last-Resort Policies
The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations.
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December 23, 2004
Financial System Review - December 2004
The Canadian financial system comprises financial markets, financial institutions, and the clearing and settlement systems.
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December 23, 2004
A Survey of the Price-Setting Behaviour of Canadian Companies
To better understand price-setting behaviour in the Canadian economy, the Bank of Canada's regional offices surveyed a representative sample of 170 firms between July 2002 and March 2003. The authors discuss the reasons behind the survey, the methodology used to develop the questionnaire and conduct the interviews, and summarize the results. The study also assessed several explanations for holding prices steady despite market pressures for a change. The survey findings indicate that prices in Canada are relatively flexible and have become more flexible over the past decade. Price stickiness was generally found to originate in firms' fears of antagonizing customers or disturbing the goodwill or reputation developed with them. A detailed discussion of the results includes a consideration of their implications for monetary policy. -
December 20, 2004
The New International Monetary Order
Mark Carney, Senior Associate Deputy Minister, Department of Finance, Speech to the Toronto Society of Financial Analysts -
December 17, 2004
Bank of Canada announces Deputy Governor appointment
The Board of Directors of the Bank of Canada today announced the appointment of Tiff Macklem as Deputy Governor of the Bank and a member of the Bank's Governing Council, effective 29 December. Mr. Macklem's appointment fills the vacancy created by the departure of Mark Carney. -
December 12, 2004
Housing and the Macroeconomy
Conference held on 12 to 14 December 2004 (papers in unedited, electronic format only) -
December 9, 2004
Financial System Efficiency: A Canadian Imperative
When I talk about the "financial system," I am referring to financial institutions and markets, the infrastructure, laws, and regulations that govern and support their operations, and the macroeconomic framework within which they operate. My message for you is that improving the efficiency of Canada's financial system is imperative. -
December 9, 2004
Governor Dodge Says Canada Must Improve Its Financial System Efficiency
Bank of Canada Governor David Dodge said today it is imperative that Canada work to enhance the efficiency of its financial system.