The Power of Many: Assessing the Economic Impact of the Global Fiscal Stimulus Staff Discussion Paper 2010-1 Carlos De Resende, René Lalonde, Stephen Snudden The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and international linkages. Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Fiscal policy, International topics, Recent economic and financial developments JEL Code(s): E, E5, E52, E58, E6, E61, E63, F, F4, F42
December 31, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation. Content Type(s): Press, Market notices
December 31, 2009 Summary of Government of Canada - Outstanding as at 31 December 2009 Content Type(s): Publications, Historical: Securities and loans
December 25, 2009 Senior Loan Officer Survey - Fourth-Quarter 2009 The survey results point to the stabilization of overall lending conditions during the fourth quarter of 2009, following a number of consecutive quarters of credit tightening for business borrowers (Chart 1). Content Type(s): Publications, Senior Loan Officer Survey
December 23, 2009 Operational Change to the Cash-Management Bond Buyback Program In light of the significant size of some specific key maturity dates and comments received during the Debt Strategy Consultations 2010 – 11, the eligibility criteria for the inclusion of Government of Canada bonds in the cash-management bond buyback operations have been changed. Content Type(s): Press, Market notices
December 21, 2009 Results of the 21 December 2009 Term PRA Transaction The results of today's term PRA operations are as follows. Content Type(s): Press, Market notices
December 18, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation. Content Type(s): Press, Market notices
December 17, 2009 Quarterly Bond Schedule and Updates to the Terms of Participation in Auctions and Standard Terms Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website in conjunction with the release of the NHA MBS Auction Schedule on the website of the Canada Mortgage and Housing Corporation. Content Type(s): Press, Market notices
December 16, 2009 Current Issues in Household Finances Remarks Mark Carney The National Forum (Canadian Club of Toronto and Empire Club of Canada) As the holiday season approaches, our attention turns naturally to the home front. Accordingly, my comments this afternoon will focus on households. I would like to concentrate in particular on the implications of Canadian household finances for financial stability in our country. Content Type(s): Press, Speeches and appearances, Remarks
December 16, 2009 Household Finances Important for Financial System Stability, Bank of Canada Governor Mark Carney Says Media Relations Toronto, Ontario While the Canadian economy will likely grow faster than the economies of the other G-7 countries next year, the Bank of Canada expects our recovery to be more protracted than usual – and more reliant on domestic demand, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases