December 8, 2015 Framework for Conducting Monetary Policy at Low Interest Rates This document outlines a series of monetary policy measures that could be deployed in a very low interest rate environment. Content Type(s): Background materials Topic(s): Monetary policy
Estimating Canada’s Effective Lower Bound Staff Analytical Note 2015-2 Jonathan Witmer, Jing Yang In 2009, the Bank of Canada set its effective lower bound (ELB) at 25 basis points (bps). Given the recent experience of Sweden, Denmark, Switzerland and the euro area with negative interest rates, we examine the economics of negative interest rates and suggest that cash storage costs are the source of a negative lower bound on interest rates. Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Monetary policy framework, Monetary policy implementation JEL Code(s): D, D5, D53, E, E4, E41, E43, E5, E58
December 8, 2015 Results of the 28-day 8 December 2015 Term Repo Operation Results of today's term repo operation. Content Type(s): Press, Market notices
December 8, 2015 Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation Bank of Canada Announces the Minimum Bid Rate for today's Term Repo Operation. Content Type(s): Press, Market notices
December 7, 2015 Bank of Canada Announces Details of its Term Repo Operation The Bank of Canada announced today that it will conduct a term repo operation. Content Type(s): Press, Market notices
December 4, 2015 Weekly Financial Statistics - 4 December 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 4, 2015 Bank of Canada introduces The Governor’s Challenge, a new student competition Media Relations Ottawa, Ontario The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
December 4, 2015 The Governor's Challenge The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.
Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries Staff Working Paper 2015-45 Gabriel Bruneau, Kevin Moran We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rate regimes, Exchange rates, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, F, F1, F14, F16, F3, F31, F4, F41, J, J2, J23