Can the Canadian International Investment Position Stabilize a Slowing Economy? Staff Analytical Note 2017-14 Maxime Leboeuf, Chen Fan In this note, we find that valuation effects can act as an important stabilizer, strengthening Canada’s net external wealth when its economic outlook worsens relative to that of other countries. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Balance of payments and components, International financial markets JEL Code(s): F, F2, F21, F3, F32
October 17, 2017 Payments Canada, Bank of Canada and TMX Group announce integrated securities and payment platform as next phase of Project Jasper This joint press release announces a new collaboration between Payments Canada, the Bank of Canada and TMX Group as part of the third phase of the Project Jasper research initiative. Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
October 16, 2017 Backgrounder on the Business Outlook Survey Question on Future Sales Indicators Since the 2016 summer survey, the results from a question on future sales indicators (FSI) have been included in the Business Outlook Survey (BOS). This backgrounder briefly describes the question and presents the correlations between the responses and various measures of business activity. Content Type(s): Background materials
October 16, 2017 Business Outlook Survey - Autumn 2017 Results from the autumn Business Outlook Survey point to continued positive business sentiment across the country, with business activity becoming entrenched. Firms’ prospects remain healthy, although several survey indicators have moderated from the strong summer results. Content Type(s): Publications, Business Outlook Survey
October 16, 2017 Senior Loan Officer Survey - Third Quarter of 2017 Survey results point to nearly unchanged overall business-lending conditions in the third quarter. This is the fifth consecutive quarter of unchanged overall conditions. Content Type(s): Publications, Senior Loan Officer Survey
October 14, 2017 Government of Canada direct securities and loans: Distribution of holdings (formerly G4) Distribution of Government of Canada direct securities and loans among the Bank of Canada, Government of Canada and the general public as at weekly Wednesday and at month-end. Content Type(s): Banking and financial statistics
October 13, 2017 Weekly Financial Statistics - October 13, 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
Measuring Limits of Arbitrage in Fixed-Income Markets Staff Working Paper 2017-44 Jean-Sébastien Fontaine, Guillaume Nolin We use relative value to measure limits to arbitrage in fixed-income markets. Relative value captures apparent deviations from no-arbitrage relationships. It is simple, intuitive and can be computed model-free for any bond. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Financial markets, International financial markets JEL Code(s): G, G1, G12