2013 Methods-of-Payment Survey Results Staff Discussion Paper 2015-4 Christopher Henry, Kim Huynh, Rallye Shen As the sole issuer of bank notes, the Bank of Canada conducts methods-of-payment (MOP) surveys to obtain a detailed and representative snapshot of Canadian payment choices, with a focus on cash usage. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes, Digital currencies and fintech JEL Code(s): E, E4
March 30, 2015 Bank of Canada Announces Recipient of 2015 Governor’s Award Media Relations Ottawa, Ontario The Bank of Canada today announced that Professor Matilde Bombardini of the University of British Columbia’s Vancouver School of Economics is the recipient of the Governor’s Award for 2015. Content Type(s): Press, Press releases Source(s): Fellowship Program
March 27, 2015 Annual Report 2014 In 2014, inflation remained very close to target, the economy grew at a reasonable pace and there was no material increase in financial stability risks. Nonetheless, the economy still struggled against significant global headwinds. The 2014 Annual Report highlights the Bank of Canada’s key activities and achievements over the year, including a message from Governor Stephen S. Poloz, Management’s Discussion and Analysis, and the 2014 Financial Statements. Content Type(s): Publications, Annual Report
March 26, 2015 Financial volatility a natural consequence of monetary policy normalization, says Bank of Canada Governor Stephen S. Poloz Media Relations London, United Kingdom The recent rise in financial market volatility reflects a global economy that is beginning the process of getting back to normal, Bank of Canada Governor Stephen S. Poloz said on Thursday. In a speech to the Canada-United Kingdom Chamber of Commerce, Governor Poloz discussed the recent rise in financial market volatility and low long-term bond […] Content Type(s): Press, Press releases
March 20, 2015 Changes to the Bank of Canada’s role with respect to the Canadian Overnight Repo Rate Average (CORRA) Thomson Reuters Benchmark Services Limited will become the administrator, calculation agent and publication agent for the Canadian Overnight Repo Rate Average (CORRA), effective 30 March 2015. Content Type(s): Press, Market notices
March 20, 2015 Weekly Financial Statistics - 20 March 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
Funding Liquidity, Market Liquidity and the Cross-Section of Stock Returns Staff Working Paper 2015-12 Jean-Sébastien Fontaine, René Garcia, Sermin Gungor Following theory, we check that funding risk connects illiquidity, volatility and returns in the cross-section of stocks. We show that the illiquidity and volatility of stocks increase with funding shocks, while contemporaneous returns decrease with funding shocks. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Financial markets JEL Code(s): E, E4, E43, H, H1, H12