April 16, 2020 CORRA illustrative time series updated to include additional data from February to April, 2020 As announced on February 18, 2020, the Bank of Canada will take over the responsibility for publishing the Canadian Overnight Repo Rate Average (CORRA), effective Monday, June 15, 2020. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
Interest Rate Uncertainty as a Policy Tool Staff Working Paper 2020-13 Fabio Ghironi, Galip Kemal Ozhan We study a novel policy tool—interest rate uncertainty—that can be used to discourage inefficient capital inflows and to adjust the composition of external account between shortterm securities and foreign direct investment (FDI). Content Type(s): Staff research, Staff working papers Topic(s): International financial markets, Monetary policy and uncertainty, Monetary policy framework JEL Code(s): E, E3, E32, F, F2, F21, F3, F32, G, G1, G15
Multi-Product Pricing: Theory and Evidence from Large Retailers in Israel Staff Working Paper 2020-12 Marco Bonomo, Carlos Carvalho, Oleksiy Kryvtsov, Sigal Ribon, Rodolfo Rigato Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be well suited to analyze price dynamics in the economy with multiproduct firms. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Market structure and pricing, Monetary policy JEL Code(s): D, D2, D21, D22, E, E3, E31, E5, E52, L, L1, L11
April 15, 2020 Bank of Canada to Introduce a Provincial Bond Purchase Program The Bank of Canada today announced its intention to introduce a Provincial Bond Purchase Program (PBPP) to further support the liquidity and efficiency of provincial government funding markets. Content Type(s): Press, Market notices Source(s): Provincial Bond Purchase Program
April 15, 2020 Bank of Canada announces increase in the amount of Government of Canada treasury bills it acquires at auction The Bank of Canada announced today that, to support continued liquidity and efficient functioning of the federal government’s treasury bill program, it is temporarily increasing the amount of treasury bills it acquires at auctions to up to 40 per cent, effective immediately. Content Type(s): Press, Market notices
April 15, 2020 Bank of Canada to Introduce a Corporate Bond Purchase Program In order to support the efficient and continuous functioning of financial markets, the Bank of Canada is announcing its intention to introduce a Corporate Bond Purchase Program (CBPP). Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program