December 10, 2008 Results for the 10 December 2008 Term Loan Facility The results of today's TLF operation are as follows: Content Type(s): Press, Market notices
June 25, 2009 Bank of Canada Announces Extension of Expanded Swap Facility with U.S. Federal Reserve The temporary reciprocal currency arrangements (swap lines) between the U.S. Federal Reserve and other central banks have been extended to 1 February 2010. Content Type(s): Press, Market notices
December 1, 2008 Results for the 1 December 2008 Term Loan Facility The results of today's TLF operation are as follows: Content Type(s): Press, Market notices
November 28, 2008 Bank of Canada Announces Details of its Future Term PRA Facility for Private Sector Money Market Instruments The Bank of Canada is publishing today the schedule of its term Purchase and Resale Agreements (PRA) for private sector money market instruments to the end of January. Content Type(s): Press, Market notices
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 Research Topic(s): Financial institutions, Monetary policy framework JEL Code(s): E, E5, E58, G, G2, G21
Forecasting Inflation and the Inflation Risk Premiums Using Nominal Yields Staff Working Paper 2012-37 Bruno Feunou, Jean-Sébastien Fontaine We provide a decomposition of nominal yields into real yields, expectations of future inflation and inflation risk premiums when real bonds or inflation swaps are unavailable or unreliable due to their relative illiquidity. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Econometric and statistical methods, Inflation and prices, Interest rates JEL Code(s): E, E4, E43, E47, G, G1, G12
November 14, 2012 Promoting economic and financial prosperity Presentation Agathe Côté Chambre de commerce et de l’industrie de Rimouski-Neigette Rimouski, Québec Deputy Governor Agathe Côté will discuss the four main responsibilities of the Bank and its economic outlook. Content Type(s): Press, Speeches and appearances, Presentations
November 9, 2012 Weekly Financial Statistics - 9 November 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics