July 20, 2012 Weekly Financial Statistics - 20 July 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
International Business Cycles and Financial Frictions Staff Working Paper 2012-19 Wen Yao This paper builds a two-country DSGE model to study the quantitative impact of financial frictions on business cycle co-movements when investors have foreign asset exposure. The investor in each country holds capital in both countries and faces a leverage constraint on her debt. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, International financial markets, International topics JEL Code(s): E, E3, E30, F, F4, F42, F44
Consumer Bankruptcy and Information Staff Working Paper 2012-18 Jason Allen, H. Evren Damar, David Martinez-Miera We analyze the relationship between the intensity of banks’ use of soft-information and household bankruptcy patterns. Using a unique data set on the universe of Canadian household bankruptcies, we document that bankruptcy rates are higher in markets where the collection of soft, or qualitative locally gathered information, is the weakest. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services JEL Code(s): D, D4, G, G2
July 18, 2012 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
July 18, 2012 Monetary Policy Report – July 2012 The Bank projects that the economy will grow by 2.1 per cent in 2012, 2.3 per cent in 2013 and 2.5 per cent in 2014. The economy is expected to reach full capacity in the second half of 2013. Content Type(s): Publications, Monetary Policy Report
July 17, 2012 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
July 13, 2012 Weekly Financial Statistics - 13 July 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
July 9, 2012 Senior Loan Officer Survey - Second-Quarter 2012 The survey results point to an overall easing in business-lending conditions during the second quarter of 2012, although the degree of consensus on easing has moderated since the previous survey. Content Type(s): Publications, Senior Loan Officer Survey