June 1, 1994 Summer 1994 Mark Kruger, Robert Lafrance Canada's net external indebtedness increased from $110 billion in 1980 to $313 billion in 1993, reflecting the accumulation of current account deficits over many years. Content Type(s): Publications, Bank of Canada Review articles
The Safety of Government Debt Staff Working Paper 2013-34 Kartik Anand, Prasanna Gai We examine the safety of government bonds in the presence of Knightian uncertainty amongst financial market participants. In our model, the information insensitivity of government bonds is driven by strategic complementarities across counterparties and the structure of trading relationships. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial stability, International financial markets JEL Code(s): D, D8, D81, E, E4, E44, F, F0, F02, F4, F41, G, G1, G15
September 18, 2013 Bank of Canada Governor Stephen S. Poloz Discusses Canada’s Return to Natural Economic Growth Media Relations Vancouver, British Columbia Canada’s economy is moving toward the self-generating, self-sustaining growth it needs to normalize, and business investment will become increasingly solid as companies become more confident, Bank of Canada Governor Stephen S. Poloz said today in a speech in Vancouver. “Evidence suggests we are now close to the tipping point from improving confidence into expanding capacity,” […] Content Type(s): Press, Press releases
August 20, 2013 Bank of Canada Announces the Recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Press releases Topic(s): Bank notes
April 24, 2013 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] Content Type(s): Press, Speeches and appearances, Opening statements
April 23, 2013 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario Good morning. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] Content Type(s): Press, Speeches and appearances, Opening statements
An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt Staff Working Paper 2013-9 Shaofeng Xu This paper examines the contributions of population aging, mortgage innovation and historically low interest rates to the sharp rise in U.S. house prices and mortgage debt between 1994 and 2005. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Credit and credit aggregates, Economic models JEL Code(s): E, E2, E21, E4, E44, G, G1, G11, R, R2, R21
April 22, 2013 Access to central counterparties: why it matters and how it is changing Timothy Lane, Deputy Governor of the Bank of Canada, contributed the article “Access to central counterparties: why it matters and how it is changing” to the Banque de France's Financial Stability Review. Content Type(s): Press, Announcements
March 25, 2013 Bank of Canada Announces Recipients of 2013 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada today announced the recipient of the Bank’s Fellowship Award and Governor's Award for 2013. Content Type(s): Press, Press releases Source(s): Fellowship Program
March 21, 2013 Summary of Comments - 2013-14 Debt Management Strategy Consultations The Summary of Comments - 2013-14 Debt Management Strategy Consultations is being published on the Bank of Canada’s website in conjunction with the release of the government’s Debt Management Strategy for 2013-14. Content Type(s): Press, Market notices