December 18, 2012 Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF) Effective 19 December 2012, the Bank of Canada is adding certain covered bonds as assets eligible to be pledged as collateral under its Standing Liquidity Facility. Content Type(s): Press, Market notices
December 7, 2012 Weekly Financial Statistics - 7 December 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 23, 2012 Weekly Financial Statistics - 23 November 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 23, 2012 Summary of the 2012 Survey on Canadian Foreign Exchange Hedging Since 2004, the Bank of Canada has carried out an annual qualitative survey to assess client activity in Canadian foreign exchange (FX) hedging as reported by banks. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
November 15, 2012 Monetary Policy and the Risk-Taking Channel: Insights from the Lending Behaviour of Banks Bank of Canada Review - Autumn 2012 Teodora Paligorova, Jesus Sierra The financial crisis of 2007-09 and the subsequent extended period of historically low real interest rates have revived the question of whether economic agents are willing to take on more risk when interest rates remain low for a prolonged time period. This increased appetite for risk, which causes economic agents to search for investment assets and strategies that generate higher investment returns, has been called the risk-taking channel of monetary policy. Recent academic research on banks suggests that lending policies in times of low interest rates can be consistent with the existence of a risk-taking channel of monetary policy in Europe, South America, the United States and Canada. Specifically, studies find that the terms of loans to risky borrowers become less stringent in periods of low interest rates. This risk-taking channel may amplify the effects of traditional transmission mechanisms, resulting in the creation of excessive credit. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Monetary policy framework JEL Code(s): E, E5, E58, G, G2, G21
October 15, 2012 Senior Loan Officer Survey - Third-Quarter 2012 The survey results point to a continued easing in overall business-lending conditions during the third quarter of 2012. Content Type(s): Publications, Senior Loan Officer Survey
October 5, 2012 Weekly Financial Statistics - 5 October 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
October 4, 2012 A Measure of Work Remarks Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba Senior Deputy Governor Tiff Macklem discusses labour markets in Canada. Content Type(s): Press, Speeches and appearances, Remarks
October 1, 2012 Statement by Canadian authorities on clearing of standardized OTC derivatives contracts In response to the economic and financial crisis, G-20 leaders initiated a reform of the over-the-counter (OTC) derivatives market in 2009 to improve transparency, mitigate systemic risk, and protect against market abuse. Content Type(s): Press, Market notices
September 27, 2012 Banking and Financial Statistics - September 2012 Erratum: A note to the tables for C1-10 was erroneously included on pg. S127 in the September 2012 publication of the Banking and Financial Statistics package. Although the note states that deposits of the chartered banks increased by $2.8 billion due to B2B Trust (a wholly owned subsidiary of Laurentian Bank) acquisition of AGF Trust, the actual data in the tables does not reflect this adjustment due to the timing of the BFS publication and the actual database updates. This note will be re-introduced in the October release of the BFS when August data is made available. Content Type(s): Publications, Historical: Banking and Financial Statistics