December 9, 2010 Results of the 9 December 2010 Term Repo Operation for Balance Sheet Management Purposes Today's results of the Term Repo Operation for Balance Sheet Management Purposes Content Type(s): Press, Market notices
December 8, 2010 Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank’s web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction. Content Type(s): Press, Market notices
December 8, 2010 Bank of Canada Announces Closure of Optical Security Material Division and Sale of Related Assets Media Relations Ottawa, Ontario The Bank of Canada announced today that it is closing its Optical Security Material (OSM) division and selling all of its related assets. Content Type(s): Press, Press releases
December 7, 2010 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
November 30, 2010 Real Return Bonds - Index Ratio See the historical index ratios for Real Return Bonds.
Text Mining and the Information Content of Bank of Canada Communications Staff Working Paper 2010-31 Scott Hendry, Alison Madeley This paper uses Latent Semantic Analysis to extract information from Bank of Canada communication statements and investigates what type of information affects returns and volatility in short-term as well as long-term interest rate markets over the 2002-2008 period. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Monetary policy implementation JEL Code(s): E, E5, E58, G, G1, G14
November 25, 2010 Research staff Profiles of the Bank’s research staff, featuring their publications, education and research fields.
On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model Staff Working Paper 2010-30 Sarah Zubairy This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian techniques for US data. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Fiscal policy JEL Code(s): C, C1, C11, E, E3, E32, E6, E62, H, H3, H30
November 19, 2010 Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature Bank of Canada Review - Autumn 2010 Jeannine Bailliu, Wei Dong, John Murray Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Economic models, Exchange rates, Inflation and prices, Monetary policy framework
November 18, 2010 Debt Management Strategy Consultations - 2011-12 The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues relating to the design and operation of the domestic Government of Canada debt program for 2011-12 and beyond. Content Type(s): Press, Market notices