June 10, 2008 Bank of Canada keeps overnight rate target at 3 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. Content Type(s): Press, Press releases
June 10, 2008 Bank of Canada Announces Term PRA Transaction As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows: Content Type(s): Press, Market notices
Empirical Likelihood Block Bootstrapping Staff Working Paper 2008-18 Jason Allen, Allan Gregory, Katsumi Shimotsu Monte Carlo evidence has made it clear that asymptotic tests based on generalized method of moments (GMM) estimation have disappointing size. The problem is exacerbated when the moment conditions are serially correlated. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C14, C2, C22
June 5, 2008 Change in eligibility requirements for National Housing Act Mortgage-Backed Securities (NHA MBS) as collateral under the Bank of Canada's Standing Liquidity Facility (SLF): Minimum pool size lowered to $25 million from $75 million Effective immediately, the minimum pool size for eligibility of NHA MBS as collateral under the Bank of Canada's SLF will be lowered to $25 million from $75 million. Content Type(s): Press, Market notices
May 30, 2008 Results of the 30 May 2008 Sale of Treasury Bills for Balance Sheet Management Purposes Results of the 30 May 2008 Sale of Treasury Bills. Content Type(s): Press, Market notices
May 29, 2008 Results of the 29 May 2008 Term PRA Transaction The results of today's term PRA operations are as follows: Content Type(s): Press, Market notices
Policy Coordination in an International Payment System Staff Working Paper 2008-17 James Chapman Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, F, F3, F31, F33
May 27, 2008 Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes The Bank of Canada announced today it will sell $1.8 billion of its holdings of treasury bills. Content Type(s): Press, Market notices
May 27, 2008 Bank of Canada Announces Term PRA Transaction As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows: Content Type(s): Press, Market notices
May 22, 2008 Bank of Canada Governor Outlines Principles for Liquid Markets Media Relations New York, New York Central banks have been more active in providing liquidity support for key markets throughout the recent financial market turbulence because well-functioning markets are important for the conduct of monetary policy and the efficient operation of the economy, Bank of Canada Governor Mark Carney said today in a speech to the New York Association for Business Economics. Content Type(s): Press, Press releases