Price Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market Staff Working Paper 2012-30 Jason Allen, Robert Clark, Jean-François Houde This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts, negotiable rates, and, for a given consumer, common lending costs across lenders. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Market structure and pricing JEL Code(s): D, D4, G, G2, G21, L, L2, L22
September 27, 2012 Quarterly Bond Schedule and Adjustments to the Debt Strategy Plan for 2012-13 Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website. In addition, adjustments are being announced to the debt strategy plan for 2012-13. Content Type(s): Press, Market notices
September 27, 2012 Banking and Financial Statistics - September 2012 Erratum: A note to the tables for C1-10 was erroneously included on pg. S127 in the September 2012 publication of the Banking and Financial Statistics package. Although the note states that deposits of the chartered banks increased by $2.8 billion due to B2B Trust (a wholly owned subsidiary of Laurentian Bank) acquisition of AGF Trust, the actual data in the tables does not reflect this adjustment due to the timing of the BFS publication and the actual database updates. This note will be re-introduced in the October release of the BFS when August data is made available. Content Type(s): Publications, Historical: Banking and Financial Statistics
Efficiency and Bargaining Power in the Interbank Loan Market Staff Working Paper 2012-29 Jason Allen, James Chapman, Federico Echenique, Matthew Shum Using detailed loan transactions-level data we examine the efficiency of an overnight interbank lending market, and the bargaining power of its participants. Our analysis relies on the equilibrium concept of the core, which imposes a set of no-arbitrage conditions on trades in the market. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Payment clearing and settlement systems JEL Code(s): C, C7, C71, E, E5, E58, G, G2, G21, G28
September 25, 2012 Financing Commodities Markets Remarks Timothy Lane CFA Society of Calgary Calgary, Alberta Deputy Governor Timothy Lane discusses links between the financial system and commodities markets. Content Type(s): Press, Speeches and appearances, Remarks
September 21, 2012 Weekly Financial Statistics - 21 September 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
September 14, 2012 Weekly Financial Statistics - 14 September 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
September 7, 2012 Weekly Financial Statistics - 7 September 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results Staff Discussion Paper 2012-6 Carlos Arango, Angelika Welte The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4
What Drags and Drives Mobility: Explaining Canada’s Aggregate Migration Patterns Staff Working Paper 2012-28 David Amirault, Daniel de Munnik, Sarah Miller Using census data at the economic region level from 1991 to 2006 and a gravity model framework, this paper examines the factors that influence migration within Canada. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Labour markets, Regional economic developments JEL Code(s): J, J6, J61, R, R2, R23