January 21, 2015 Bank of Canada lowers overnight rate target to 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Content Type(s): Press, Press releases
January 9, 2015 Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF) - Exceptional Temporary Access to Non-Mortgage Loan Portfolio The Bank of Canada will continue, in exceptional circumstances, to allow participants in the Large Value Transfer System (LVTS) to submit, on a same-day basis, requests to lift the 20 per cent limit of total collateral value pledged that can be the non-mortgage loan portfolio (NMLP). Content Type(s): Press, Market notices
May 1, 2001 Renewal of the Inflation-Control Target (May 2001) Commentary relating to the 2001 target renewal. Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy
December 12, 2014 Weekly Financial Statistics - 12 December 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
High-Frequency Trading around Macroeconomic News Announcements: Evidence from the U.S. Treasury Market Staff Working Paper 2014-56 George Jiang, Ingrid Lo, Giorgio Valente This paper investigates high-frequency (HF) market and limit orders in the U.S. Treasury market around major macroeconomic news announcements. BrokerTec introduced i- Cross at the end of 2007 and we use this exogenous event as an instrument to analyze the impact of HF activities on liquidity and price efficiency. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1, G10, G12, G14
May 30, 2014 Weekly Financial Statistics - 30 May 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
May 30, 2014 Quarterly Financial Report - First Quarter 2014 Quarterly Financial Report - First Quarter 2014 - For the period ended 31 March 2014 Content Type(s): Publications, Quarterly Financial Report
April 29, 2014 Research Update - April 2014 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
May 23, 2014 Weekly Financial Statistics - 23 May 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
May 13, 2014 Measuring Uncertainty in Monetary Policy Using Realized and Implied Volatility Bank of Canada Review - Spring 2014 Bo Young Chang, Bruno Feunou Uncertainty surrounding the Bank of Canada’s future policy rates is measured using implied volatility computed from interest rate options and realized volatility computed from intraday prices of interest rate futures. Both volatility measures show that uncertainty decreased following major policy actions taken by the Bank in response to the 2007–09 financial crisis. Findings also indicate that, on average, uncertainty decreases following the Bank’s policy rate announcements. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Monetary policy and uncertainty JEL Code(s): E, E5, E52, E58