January 17, 2013 Bank of Canada Announces Change in Receiver General Cash Balances Auction Timeline The Bank of Canada announced today that as a result of the change in the publication time of policy interest rate announcements to 10:00 ET , that effective 23 January 2013, the Government of Canada bidding deadline for Receiver General Cash Balance auctions will be 10:15 ET on policy rate announcement dates. Content Type(s): Press, Market notices
January 14, 2013 Senior Loan Officer Survey - Fourth-Quarter 2012 The survey results indicate that there was virtually no change in overall business-lending conditions during the fourth quarter of 2012, following several consecutive quarters of easing in credit conditions. Content Type(s): Publications, Senior Loan Officer Survey
January 14, 2013 Business Outlook Survey - Winter 2012-13 While some forward-looking indicators have moved up, many firms cited concerns about demand over next year and pressures from increased competition. Content Type(s): Publications, Business Outlook Survey
January 11, 2013 Weekly Financial Statistics - 11 January 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
January 10, 2013 Regearing Our Economic Growth Remarks Tiff Macklem Queen’s University - W. Edmund Clark Distinguished Lecture Kingston, Ontario Senior Deputy Governor Tiff Macklem discusses regearing the Canadian economy for sustained growth. Content Type(s): Press, Speeches and appearances, Remarks
Real-financial Linkages through Loan Default and Bank Capital Staff Working Paper 2013-3 Tamon Takamura Many studies in macroeconomics argue that financial frictions do not amplify the impacts of real shocks. This finding is based on models without endogenous default on loans and bank capital. Using a model featuring endogenous interactions between firm default and bank capital, this paper revisits the propagation mechanisms of real and financial shocks. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies, Interest rates JEL Code(s): E, E3, E32, E4, E44, E6, E69
House Prices, Consumption and the Role of Non-Mortgage Debt Staff Working Paper 2013-2 Katya Kartashova, Ben Tomlin This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and debt. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Domestic demand and components JEL Code(s): D, D1, D10, D14, D3, D31, E, E2, E21
The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications Staff Working Paper 2013-1 Olivier Coibion, Yuriy Gorodnichenko, Gee Hee Hong We study the cyclical properties of sales, regular price changes and average prices paid by consumers (“effective” prices) using data on prices and quantities sold for numerous retailers across many U.S. metropolitan areas. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E3, E4, E5
January 4, 2013 Weekly Financial Statistics - 4 January 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 31, 2012 Summary of Government of Canada - Outstanding as at 31 December 2012 Content Type(s): Publications, Historical: Securities and loans