March 25, 2020 Results of today’s Provincial Money Market Purchase program As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $279.21 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 25, 2020 Operational details for the upcoming Expansion of the Bank of Canada’s Bond Buyback Program Consistent with the announcement that the Bank of Canada (the Bank), acting as fiscal agent, will extend its buybacks across all benchmark maturity sectors, the Bank is announcing today the following operations for the next two weeks. Content Type(s): Press, Market notices
Do Protectionist Trade Policies Integrate Domestic Markets? Evidence from the Canada-U.S. Softwood Lumber Dispute Staff Working Paper 2020-10 Jinggang Guo, Craig Johnston We consider the effects of protectionist trade policies on international and domestic market integration, using evidence from the long-standing softwood lumber trade dispute between Canada and the United States. Content Type(s): Staff research, Staff working papers Topic(s): International topics, Market structure and pricing, Trade integration JEL Code(s): F, F1, F13, Q, Q1, Q17
Welfare Analysis of Equilibria With and Without Early Termination Fees in the US Wireless Industry Staff Working Paper 2020-9 Joseph Cullen, Nicolas Schutz, Oleksandr Shcherbakov The elimination of long-term contracts and early termination fees (ETFs) in the US wireless industry at the end of 2015 increased monthly service fees by 2 to 5 percent. Nevertheless, consumers are clearly better off without ETFs. While firms’ revenues from ETFs vanish, their profits from monthly fees increase. As a result, the overall effect on producer profits is less clear. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Firm dynamics, Market structure and pricing JEL Code(s): D, D2, D22, L, L1, L15, L9, L96
March 24, 2020 Bank of Canada Announces New Program to Support Provincial Funding Markets The Bank of Canada today announced a new program to support the liquidity and efficiency of provincial government funding markets. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 24, 2020 COVID-19: Actions to Support the Economy and Financial System Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system. Content Type(s): Press, Announcements
March 24, 2020 COVID-19: Actions to Support the Economy and Financial System Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system. Content Type(s): Publications, Financial System Hub articles