August 12, 1999 Recent Developments in Global Commodity Prices: Implications for Canada Bank of Canada Review - Summer 1999 Farid Novin, Gerald Stuber The authors examine the recent evolution of commodity prices. They discuss the factors behind the price declines that occurred between the summer of 1997 and the end of 1998, including the key supply factors and the drop in Asian demand caused by that region's concurrent financial and economic crisis. They then review the effects of the reduction in world commodity prices on economic activity in Canada. They point out that the depreciation of the Canadian dollar against the U.S. dollar, together with the continued strength of the U.S. economy, has partly offset the negative effects on Canadian aggregate demand. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Financial markets
Customer Liquidity Provision in Canadian Bond Markets Staff Analytical Note 2018-12 Corey Garriott, Jesse Johal This analytical note assesses the prevalence of liquidity provision by institutional investors in Canadian bonds. We find that the practice is not prevalent in Canada. Customer liquidity provision is more prevalent for less liquid bonds, on days when liquidity is already expensive or when there are larger trading volumes. In our interpretation, Canadian dealers draw on customer liquidity as a supplementary source of liquidity and only when necessary, given its cost. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Market structure and pricing, Recent economic and financial developments JEL Code(s): G, G1, G14, G2, G20, L, L1
Historical Data on Repurchase Agreements from the Canadian Depository for Securities Technical Report No. 121 Maxim Ralchenko, Adrian Walton We develop an algorithm that extracts information about sale and repurchase agreements (repos) from disaggregated settlement data in order to generate a new historical dataset for research. Content Type(s): Staff research, Technical reports Research Topic(s): Econometric and statistical methods, Financial markets JEL Code(s): C, C5, C55, C8, C81, G, G1, G10
January 25, 2012 Reforming the Credit-Rating Process Financial System Review - December 2007 Mark Zelmer Content Type(s): Publications, Financial System Review articles
September 18, 2013 Returning to Natural Economic Growth Remarks Stephen S. Poloz Vancouver Board of Trade Vancouver, British Columbia Bank of Canada Governor Stephen S. Poloz discusses the preconditions for a return to natural economic growth for Canada. Content Type(s): Press, Speeches and appearances, Remarks
Assessing Climate-Related Financial Risk: Guide to Implementation of Methods Technical Report No. 120 Hossein Hosseini Jebeli, Craig Johnston, Craig Logan, Miguel Molico, Xiangjin Shen, Marie-Christine Tremblay A pilot project on climate transition scenarios by the Bank of Canada and the Office of the Superintendent of Financial Institutions assessed climate-related credit and market risks. This report describes the project’s methodologies and provides guidance on implementing them. Content Type(s): Staff research, Technical reports Research Topic(s): Climate change, Credit and credit aggregates, Econometric and statistical methods, Financial stability JEL Code(s): C, C5, C53, C8, C83, G, G1, G3, G32
Summaries of Central Bank Policy Deliberations: A Canadian Context Staff Discussion Paper 2023-2 Monica Jain, Walter Muiruri, Jonathan Witmer, Sharon Kozicki, Jeremy Harrison This paper provides the context, rationale and key considerations that informed the Bank of Canada’s decision to publish a summary of monetary policy deliberations. It includes an analysis of how other central banks disclose minutes and summaries of their monetary policy deliberations. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Monetary policy communications JEL Code(s): D, D8, D83, E, E5, E58
The Canadian Banking System Technical Report No. 81 Charles Freedman This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and U.S. developments over this period. Content Type(s): Staff research, Technical reports Research Topic(s): Financial institutions JEL Code(s): G, G2
A Primer on the Canadian Bankers’ Acceptance Market Staff Discussion Paper 2018-6 Kaetlynd McRae, Danny Auger This paper discusses how the bankers’ acceptance (BA) market in Canada is organized and its essential link to the Canadian Dollar Offered Rate (CDOR). Globally, BAs are a niche product used only in a limited number of jurisdictions. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): G, G1, G18, G2, G21, G23
An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects Staff Discussion Paper 2015-10 André Binette, Daniel de Munnik, Julie Melanson In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Balance of payments and components, Exchange rates, International topics JEL Code(s): F, F1, F10, F14, F4, F43