March 26, 2015 Financial volatility a natural consequence of monetary policy normalization, says Bank of Canada Governor Stephen S. Poloz Media Relations London, United Kingdom The recent rise in financial market volatility reflects a global economy that is beginning the process of getting back to normal, Bank of Canada Governor Stephen S. Poloz said on Thursday. In a speech to the Canada-United Kingdom Chamber of Commerce, Governor Poloz discussed the recent rise in financial market volatility and low long-term bond […] Content Type(s): Press, Press releases
March 26, 2015 Central Bank Credibility and Policy Normalization Remarks Stephen S. Poloz Canada-United Kingdom Chamber of Commerce London, United Kingdom Governor Poloz discusses the recent rise in financial market volatility and low long-term borrowing costs, and what they both mean for central bank credibility. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Financial stability, Inflation targets, Interest rates, Monetary policy, Monetary policy implementation
March 25, 2015 Promoting Canada’s economic and financial well-being Presentation Timothy Lane Kelowna Chamber of Commerce Kelowna, British Columbia Deputy Governor Timothy Lane discusses the core responsibilities of the Bank and the economic outlook. Content Type(s): Press, Speeches and appearances, Presentations
March 20, 2015 Changes to the Bank of Canada’s role with respect to the Canadian Overnight Repo Rate Average (CORRA) Thomson Reuters Benchmark Services Limited will become the administrator, calculation agent and publication agent for the Canadian Overnight Repo Rate Average (CORRA), effective 30 March 2015. Content Type(s): Press, Market notices
March 20, 2015 Weekly Financial Statistics - 20 March 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
Sluggish Exports in Advanced Economies: How Much Is Due to Demand? Staff Discussion Paper 2015-3 Louis Morel Exports in advanced economies have been relatively sluggish since 2011, growing at a much slower pace than observed before the global financial crisis. Content Type(s): Staff research, Staff discussion papers Topic(s): International topics, Recent economic and financial developments JEL Code(s): F, F1, F4
March 19, 2015 Release of upcoming Quarterly Bond Schedule A standalone debt management strategy will be published on or before the end of March 2015, as required by the Financial Administration Act. Content Type(s): Press, Market notices
Funding Liquidity, Market Liquidity and the Cross-Section of Stock Returns Staff Working Paper 2015-12 Jean-Sébastien Fontaine, René Garcia, Sermin Gungor Following theory, we check that funding risk connects illiquidity, volatility and returns in the cross-section of stocks. We show that the illiquidity and volatility of stocks increase with funding shocks, while contemporaneous returns decrease with funding shocks. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets JEL Code(s): E, E4, E43, H, H1, H12