May 26, 2009 Results of the 26 May 2009 Term PRA Transaction for Private Sector Instruments Results of today's term PRA operations. Content Type(s): Press, Market notices
May 27, 2009 Results for the 27 May 2009 Term Loan Facility Results of today's TLF operation. Content Type(s): Press, Market notices
May 29, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 21 April (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation. Content Type(s): Press, Market notices
August 15, 1999 Bank of Canada Review - Summer 1999 Cover page William Weir and the Silver Nuisance The teapot is 10¼ inches high and 9½ inches wide and is part of the National Currency Collection at the Bank of Canada. Photography by James Zagon. Content Type(s): Publications, Bank of Canada Review
September 15, 2008 The Effects of Recent Relative Price Movements on the Canadian Economy Bank of Canada Review - Autumn 2008 David Dupuis, Philippe Marcil Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Productivity, Recent economic and financial developments
December 15, 2007 Introduction: Recent Research on Inflation Targeting Bank of Canada Review - Winter 2007-2008 John Murray The inflation targeting framework that Canada introduced in 1991 has played a significant role in the exceptional economic performance that the country has experienced in recent years. Understanding the factors that have contributed to the success of the current inflation-targeting framework, and investigating the various ways in which it might be improved in the future, are an important part of the Bank of Canada's medium-term research program. Content Type(s): Publications, Bank of Canada Review articles
January 15, 2008 Bank of Canada Review - Winter 2007-2008 Cover page Roman Antoninianus The coins form part of the National Currency Collection of the Bank of Canada. Photography by Gord Carter, Ottawa. Content Type(s): Publications, Bank of Canada Review
May 14, 1999 Open outcry and electronic trading in futures exchanges Bank of Canada Review - Spring 1999 Raymond Tsang Despite the efficiency gains that accompany automation, most large futures exchanges have been reluctant to move away from the traditional trading floor, citing early evidence that open outcry exchanges were more liquid than electronic exchanges. More recent studies, however, suggest that electronic trading is superior to open outcry in many respects, including liquidity. In this article, the author compares the two trading systems. Although many exchanges are shifting towards electronic trading, there are still several obstacles to this transition. But as technology rapidly reduces the cost of automation and increases the demand for global 24-hour trading, a worldwide transition to electronic order-matching will likely be the next important milestone for futures exchanges. Less-automated exchanges (including the Canadian futures exchanges) will undoubtedly continue to study and promote automation in order to keep pace with technological innovations. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets
May 15, 1999 Bank of Canada Review - Spring 1999 Cover page Merchant’s note, 1837 Approximately four by three inches in size, this bon is part of the National Currency Collection, Bank of Canada. Photography by James Zagon. Content Type(s): Publications, Bank of Canada Review
January 15, 1999 Bank of Canada Review - Winter 1998-1999 Cover page 1858 Canadian pattern cent The 1858 pattern cent is approximately the size of a twenty-five cent piece. Photography by James Zagon. Content Type(s): Publications, Bank of Canada Review