December 6, 2007 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports. Content Type(s): Press, Speeches and appearances, Opening statements
May 10, 2007 A Sound Pension System – Handling Risk Appropriately Remarks David Dodge Conference Board of Canada 2007 Pensions Summit Toronto, Ontario It goes without saying that a sound system of private pensions is important from the perspective of pensioners who rely on a given plan for their retirement income. For firms, a pension plan can help to attract and retain staff, and so the business community also counts on a sound pension system. Content Type(s): Press, Speeches and appearances, Remarks
May 4, 2007 The Importance of Appropriate Exchange Rate Regimes Remarks David Dodge ACI - The Financial Markets Association Montréal, Quebec Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed. Content Type(s): Press, Speeches and appearances, Remarks
Quantity, Quality, and Relevance: Central Bank Research, 1990–2003 Staff Working Paper 2005-37 Pierre St-Amant, Greg Tkacz, Annie Guérard-Langlois, Louis Morel The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period. Content Type(s): Staff research, Staff working papers Research Topic(s): Central bank research JEL Code(s): E, E5, E59
Has Exchange Rate Pass-Through Really Declined in Canada? Staff Working Paper 2005-29 Hafedh Bouakez, Nooman Rebei Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Economic models, Exchange rates, Inflation and prices, International topics JEL Code(s): F, F3, F4
Inflation and Relative Price Dispersion in Canada: An Empirical Assessment Staff Working Paper 2005-28 André Binette, Sylvain Martel The authors investigate empirically the relationship between different aspects of inflation and relative price dispersion in Canada using a Markov regime-switching Phillips curve. Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices JEL Code(s): C, C3, C32, E, E3, E31
Pocket Banks and Out-of-Pocket Losses: Links between Corruption and Contagion Staff Working Paper 2005-23 Raphael Solomon The author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicates. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability JEL Code(s): D, D8, D82, G, G1, G19, G2, G21
March 9, 2006 Temporary measures to reinforce the target for the overnight rate n the implementation of monetary policy, the Bank of Canada sets a target for the overnight interest rate. This rate is defined as the rate at which major participants in the money market borrow and lend one-day funds to each other. Content Type(s): Press, Market notices
December 18, 2007 Results of the 18 December 2007 Term PRA Transaction The results of today's term PRA operations Content Type(s): Press, Market notices
December 17, 2007 Bank of Canada provides final details of 18 December Term PRA operation announced 12 December Today, the Bank of Canada provided the final details of the 18 December term purchase and resale agreement (term PRA) operation Content Type(s): Press, Market notices