March 23, 2012 Weekly Financial Statistics - 23 March 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
March 16, 2012 Weekly Financial Statistics - 16 March 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
March 12, 2012 Promoting Growth, Mitigating Cycles and Inequality: The Role of Price and Financial Stability Remarks Tiff Macklem Brazil-Canada Chamber of Commerce São Paulo, Brazil Senior Deputy Governor Tiff Macklem discusses how price and financial stability help promote growth and mitigate economic cycles and inequality. Content Type(s): Press, Speeches and appearances, Remarks
March 12, 2012 Indicators of capacity and inflation pressures for Canada These tables are updated one day after the Bank’s most recent announcement date for the target overnight rate, based on information available up to that date. Quarterly data, with graphs and definitions.
March 9, 2012 Weekly Financial Statistics - 9 March 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
A Note on Central Counterparties in Repo Markets Staff Discussion Paper 2012-4 Hajime Tomura The author introduces a central counterparty (CCP) into a model of a repo market. Without the CCP, there exist multiple equilibria in the model. In one of the equilibria, a repo market emerges as bond dealers and cash investors choose to arrange repos in an over-the-counter bond market. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial markets, Financial stability, Payment clearing and settlement systems JEL Code(s): G, G2, G24
When Is It Less Costly for Risky Firms to Borrow? Evidence from the Bank Risk- Taking Channel of Monetary Policy Staff Working Paper 2012-10 Teodora Paligorova, João Santos In an investigation of banks’ loan pricing policies in the United States over the past two decades, this study finds supporting evidence for the bank risk-taking channel of monetary policy. We show that banks charge lower spreads when they lend to riskier borrowers relative to the spreads they charge on loans to safer borrowers in periods of low short-term rates compared to periods of high short-term rates. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Monetary policy framework JEL Code(s): G, G2, G21
March 8, 2012 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
March 2, 2012 Weekly Financial Statistics - 2 March 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
Central Bank Communication or the Media’s Interpretation: What Moves Markets? Staff Working Paper 2012-9 Scott Hendry The goal of this paper is to investigate what type of information from Bank of Canada communication statements or the market commentary based on these statements has a significant effect on the volatility or level of returns in a short-term interest rate market. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets JEL Code(s): E, E5, E58, G, G1, G14