August 18, 2016 Updates to Terms Governing Government of Canada Securities Auctions The Bank of Canada and the Department of Finance Canada have streamlined the terms governing Government of Canada securities auctions and today released a consolidated document: Standard Terms for Auctions of Government of Canada Securities. Content Type(s): Press, Market notices
Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data Staff Working Paper 2016-40 Dany Brouillette, Olena Kostyshyna, Natalia Kyui We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata. In particular, we analyze employer-level administrative data from the Major Wage Settlements (MWS) and household-based survey data from the Survey of Labour Income Dynamics (SLID). Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Labour markets JEL Code(s): E, E2, E24, J, J3, J30
August 17, 2016 2014 survey shows high levels of public confidence in the Bank of Canada Results of a 2014 public awareness survey conducted by Ipsos on behalf of the Bank.
Are Counterparty Arrangements in Reinsurance a Threat to Financial Stability? Staff Working Paper 2016-39 Matt Davison, Darrell Leadbetter, Bin Lu, Jane Voll Interconnectedness among insurers and reinsurers at a global level is not well understood and may pose a significant risk to the sector, with implications for the macroeconomy. Models of the complex interactions among reinsurers and with other participants in the financial system and the real economy are at a very early stage of development. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Financial stability, Financial system regulation and policies JEL Code(s): C, C6, C63, G, G1, G10, G15, G18, G2, G22, G28
August 16, 2016 Bank of Canada recognizes Saskatoon Police Service with Counterfeit Deterrence award Media Relations Ottawa, Ontario This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada. Content Type(s): Press, Press releases Topic(s): Bank notes
The Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies Staff Working Paper 2016-38 Gregory Bauer, Gurnain Pasricha, Rodrigo Sekkel, Yaz Terajima This paper analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada. The paper starts by summarizing recent work on financial cycles and their growing correlation across borders. Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Housing, International financial markets, Monetary policy framework JEL Code(s): E, E4, E42, E43, E44, E5, E52, F, F4, F41
August 12, 2016 Weekly Financial Statistics - 12 August 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics