Do hedge funds support liquidity in the Government of Canada bond market? Staff Analytical Note 2023-11 Jabir Sandhu, Rishi Vala While Government of Canada bond transactions of hedge funds are typically in the opposite direction to those of other market participants, during the peak period of market turmoil in March 2020, hedge funds sold these bonds, just as other market participants did. This shows that hedge funds can at times contribute to one-sided markets and amplify declines in market liquidity. Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Market structure and pricing JEL Code(s): D, D4, D47, D5, D53, G, G1, G12, G14, G2, G23
December 11, 2024 Interest Rate Announcement 09:45 (ET) On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Content Type(s): Upcoming events
July 27, 2023 Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
October 25, 2023 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show The Current. The program airs tomorrow morning and begins at 8:30 (Eastern Time). Content Type(s): Press, Media advisories
October 25, 2023 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, October 25, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories
July 14, 2023 The Globe and Mail Tiff Macklem, Governor of the Bank of CanadaInterview with The Globe and Mail Content Type(s): Press, Media activities
September 8, 2023 Calgary Herald Tiff Macklem, Governor of the Bank of CanadaInterview with the Calgary Herald Content Type(s): Press, Media activities
Identifying Nascent High-Growth Firms Using Machine Learning Staff Working Paper 2023-53 Stephanie Houle, Ryan Macdonald Firms that grow rapidly have the potential to usher in new innovations, products or processes (Kogan et al. 2017), become superstar firms (Haltiwanger et al. 2013) and impact the aggregate labour share (Autor et al. 2020; De Loecker et al. 2020). We explore the use of supervised machine learning techniques to identify a population of nascent high-growth firms using Canadian administrative firm-level data. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Firm dynamics JEL Code(s): C, C5, C55, C8, C81, L, L2, L25
October 16, 2023 CFIF recommends path for winding down BA market Bankers’ Acceptances (BAs) will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
Variations in Pass-Through from Global Agricultural Commodity Prices to Domestic Food Inflation Staff Discussion Paper 2023-24 Daniel Hyun, Jacky Lee This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation. Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices, International topics JEL Code(s): E, E3, E31, Q, Q0, Q02, Q1, Q11, Q17, Q18