April 30, 2020 Research Update - April 2020 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation Staff Working Paper 2020-17 Xing Guo This paper identifies aggregate financial shocks and quantifies their effects on business investment based on an estimated DSGE model with firm-level heterogeneity. On average, financial shocks contribute only 3% of the variation in U.S. public firms’ aggregate investment. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Firm dynamics JEL Code(s): E, E1, E12, E2, E22, G, G3, G31, G32
May 19, 2020 Reporting on Provincial Bond Purchase Program purchases The Bank of Canada has updated its reporting on assets purchased for the Provincial Bond Purchase Program (PBPP). The PBPP supports the liquidity and efficiency of provincial government funding markets. Content Type(s): Press, Market notices Source(s): Provincial Bond Purchase Program
May 19, 2020 Operational details for the Corporate Bond Purchase Program As announced on April 15, 2020, the Bank of Canada is launching its Corporate Bond Purchase Program (CBPP), effective May 26, 2020. Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program
May 11, 2020 The Bank of Canada launches application period for 2020 scholarship awards The application period is open until August 1. These awards are designed to assist students with disabilities, Indigenous students and those who identify as a member of a visible minority group in furthering their education. Content Type(s): Press, Announcements
May 1, 2020 Tiff Macklem Appointed Governor of the Bank of Canada Media Relations Ottawa, Ontario The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. Content Type(s): Press, Press releases
April 30, 2020 Teachable Moments from the Pandemic Remarks (delivered virtually) Stephen S. Poloz Ivey Business School London, Ontario Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
April 30, 2020 Operational details for the Provincial Bond Purchase Program As announced on April 15, 2020, the Bank of Canada is launching its Provincial Bond Purchase Program (PBPP), effective May 7, 2020. Content Type(s): Press, Market notices Source(s): Provincial Bond Purchase Program
April 27, 2020 Bank of Canada announces asset manager for Corporate Bond Purchase Program The Bank of Canada announced today that TD Asset Management was selected as the asset manager for its Corporate Bond Purchase Program (CBPP). Content Type(s): Press, Market notices Source(s): Corporate Bond Purchase Program
April 23, 2020 Results of today’s Canada Mortgage Bond purchase operation Today the Bank of Canada purchased $ 160,000,000 of Canada Mortgage Bonds in the secondary market. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program