May 11, 2017 Wholesale Funding of the Big Six Canadian Banks Bank of Canada Review - Spring 2017 Matthieu Truno, Andriy Stolyarov, Danny Auger, Michel Assaf The Big Six Canadian banks are a dominant component of the Canadian financial system. How they finance their business activities is fundamental to how effective they are. Retail and commercial deposits along with wholesale funding represent the two major sources of funds for Canadian banks. What wholesale funding instruments do the Big Six banks use? How do they choose between different funding sources, funding strategies and why? How have banks changed their funding mix since the 2007–09 global financial crisis? Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Market structure and pricing, Wholesale funding JEL Code(s): E, E4, E44, F, F3, G, G0, G01, G1, G10, G12, G15, G2, G20, G21, G28, O, O1, O16
May 5, 2017 Weekly Financial Statistics - 5 May 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
May 4, 2017 Canada and Mexico both set to capitalize on current opportunities, Bank of Canada Governor Poloz says Media Relations Mexico City, Mexico Canada and Mexico share economic traits that leave both well placed to face global challenges and capitalize on opportunities, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
Strategic Complementarities and Money Market Fund Liquidity Management Staff Working Paper 2017-14 Jonathan Witmer Following the financial crisis, there has been increased regulatory focus on the management of liquidity in mutual funds and, specifically, whether funds hold enough liquidity to guard against the potential for investor runs. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial markets JEL Code(s): F, F3, F30, G, G0, G01, G1, G18, G2, G20
Accounting for Real Exchange Rates Using Micro‐Data Staff Working Paper 2017-12 Mario J. Crucini, Anthony Landry The classical dichotomy predicts that all of the time-series variance in the aggregate real exchange rate is accounted for by non-traded goods in the consumer price index (CPI) basket because traded goods obey the Law of One Price. In stark contrast, Engel (1999) claimed the opposite: that traded goods accounted for all of the variance. Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates, International financial markets, Trade integration JEL Code(s): F, F3
October 27, 2016 Banking and Financial Statistics - October 2016 Content Type(s): Publications, Historical: Banking and Financial Statistics
October 24, 2016 Letter from the Governor to the Minister of Finance regarding the Renewal of the Inflation-Control Target – Dated 21 September 2016 Cover letter outlining the Bank’s recommendations for the target agreement, and detailing the Bank’s research of key issues related to the renewal.
October 21, 2016 Weekly Financial Statistics - 21 October 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics