December 4, 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
November 15, 2012 Financial Transaction Taxes: International Experiences, Issues and Feasibility Bank of Canada Review - Autumn 2012 Anna Pomeranets The financial transaction tax (FTT) is a policy idea with a long history that, in the wake of the global financial crisis, has attracted renewed interest in some quarters. This article examines the evidence of the impact of an FTT on market quality and explores a few of the practical issues surrounding the implementation of an FTT. Proponents argue that an FTT will generate substantial tax revenues and reduce market volatility. The majority of the empirical evidence, however, supports the arguments of opponents of the tax who assert that an FTT reduces volume and liquidity and increases volatility. In addition, there are numerous challenges in implementing an FTT, which may reduce the intended revenues. Whether an FTT is beneficial hinges on its effect on market quality and its ability to raise revenues. However, there are many unanswered questions regarding its design. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): G, G0, G01, G1, G10, G18
October 30, 2012 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 afternoon. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published last week. The global economy has unfolded broadly as the Bank projected in its July MPR. Growth has slowed in all major regions. The economic expansion in the United States is […] Content Type(s): Press, Speeches and appearances, Opening statements
October 15, 2012 Uncertainty and the Global Recovery Remarks Mark Carney Vancouver Island Economic Alliance Nanaimo, British Columbia Bank of Canada Governor Mark Carney discusses uncertainty and the global economic recovery. Content Type(s): Press, Speeches and appearances, Remarks
October 15, 2012 Policy-makers Tackling High Levels of Global Uncertainty, Says Bank of Canada Governor Mark Carney Media Relations Nanaimo, British Columbia Content Type(s): Press, Press releases
October 15, 2012 Business Outlook Survey - Autumn 2012 The results of the autumn survey suggest that, in an environment of slow global economic growth and uncertainty about demand, firms have tem¬pered their expectations for business activity. Content Type(s): Publications, Business Outlook Survey
October 4, 2012 Bank of Canada Calls for Nominations for the 2013 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada calls for nominations for the 2013 Fellowship and Governor’s Awards. Content Type(s): Press, Press releases Source(s): Fellowship Program
February 2, 2012 Banking Crises and Contagion: Empirical Evidence Financial System Review - December 2002 Eric Santor Content Type(s): Publications, Financial System Review articles
February 1, 2012 Income Trusts: Understanding the Issues Financial System Review - December 2003 Michael R. King Content Type(s): Publications, Financial System Review articles
June 23, 2003 Business-Continuity Planning in Clearing and Settlement Systems: A Systemwide Approach Financial System Review - June 2003 Ron Allenby Content Type(s): Publications, Financial System Review articles