Survey of Indigenous Firms: A Snapshot of Wages, Prices and Financing in the Indigenous Business Sector in Canada Staff Discussion Paper 2024-4 Calista Cheung, James Fudurich, Janki Shah, Farrukh Suvankulov What sources of financing do Indigenous-owned businesses in Canada use, and what are their expectations about prices, wages and inflation? We find Indigenous-owned firms are significantly less reliant on financial institutions as sources of financing compared with non-Indigenous firms. We also find Indigenous-owned firms have higher inflation expectations and weaker wage-growth expectations. Content Type(s): Staff research, Staff discussion papers Topic(s): Firm dynamics JEL Code(s): C, C8, C83, D, D0, G, G3, G38, J, J1, J15
Fire Sales and Liquidity Requirements Staff Working Paper 2024-18 Yuteng Cheng, Roberto Robatto We study liquidity requirements in a framework with fire sales. The framework nests three common pricing mechanisms and produces the same observables. Absent risk-sharing considerations, the equilibrium is efficient with cash-in-the-market pricing; a liquidity requirement is optimal with second-best-use pricing; and a liquidity ceiling (i.e., a cap on liquid assets) is optimal with adverse selection. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets, Financial system regulation and policies JEL Code(s): G, G1, G12, G2, G23, G28
May 24, 2024 Quarterly Financial Report - First Quarter 2024 Quarterly Financial Report - First Quarter 2024 - For the period ended March 31, 2024 Content Type(s): Publications, Quarterly Financial Report
May 21, 2024 CARR Meeting (May 21, 2024) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
May 21, 2024 Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics Media Relations Ottawa, Ontario The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Content Type(s): Press, Press releases
May 16, 2024 CIMPA Meeting (May 16, 2024) Content Type(s): Meetings Source(s): Collateral Infrastructure and Market Practices Advisory Group
May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions As of 3 June 2024, all Government of Canada auctions of its treasury bills, bonds and Cash Management Bond Buybacks (CMBB) will be subject to T+1 settlement. This move will follow the Canadian secondary market’s own transition to T+1 settlement, expected to occur on Monday, 27 May 2024. Content Type(s): Press, Market notices