The New Benchmark for Forecasts of the Real Price of Crude Oil Staff Working Paper 2020-39 Amor Aniss Benmoussa, Reinhard Ellwanger, Stephen Snudden How can we assess the quality of a forecast? We propose a new benchmark to evaluate forecasts of temporally aggregated series and show that the real price of oil is more difficult to predict than we thought. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C1, C5, C53, Q, Q4, Q47
September 21, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (September 28-October 9) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
Cyclicality of Schooling: New Evidence from Unobserved Components Models Staff Working Paper 2020-38 Barbara Sadaba, Sunčica Vujič, Sofia Maier What is the time-varying impact of economic cycles on decisions to invest in human capital? Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C3, C32, E, E3, I, I2, J, J2
September 17, 2020 Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term. Content Type(s): Press, Press releases
September 17, 2020 CFEC Meeting #102 (September 17, 2020) Conference call Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
September 16, 2020 Retail payments supervision newsletter Sign up for our newsletter to receive the latest updates.
September 15, 2020 CFIF Meeting (September 15, 2020) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
September 15, 2020 Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction The Bank’s short-term liquidity programs announced since March to improve market functioning are continuing to have their intended effect. Content Type(s): Press, Market notices