June 18, 2009 Financial System Stability is Key Determinant of Economy's Ability to Rebound from Global Shock, Governor Carney says Media Relations Regina, Saskatchewan Despite the often discussed "green shoots" in the global economy, much hard work remains to be done before a recovery will take hold, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
June 17, 2009 Qualitative Research on the Monetary Policy Report – Key Findings, 2009 The Bank's Monetary Policy Report (MPR) has been published since May 1995. Currently, there are about 1,400 subscribers to the MPR. Some 6,100 readers are notified of its publication through Bank Messenger, an email alert service. Earlier this year, the Bank decided to seek formally, for the first time, readers' views on the MPR (its […] Content Type(s): Publications, Monetary Policy Report
June 17, 2009 Results for the 17 June 2009 Term Loan Facility Results of today's TLF operation. Content Type(s): Press, Market notices
June 16, 2009 Results of the 16 June 2009 Term PRA Transaction for Private Sector Instruments Results of today's term PRA operations. Content Type(s): Press, Market notices
June 15, 2009 Results of the 15 June 2009 Term PRA Transaction Results of today's term PRA operations. Content Type(s): Press, Market notices
The Equity Premium and the Volatility Spread: The Role of Risk-Neutral Skewness Staff Working Paper 2009-20 Bruno Feunou, Jean-Sébastien Fontaine, Roméo Tedongap We introduce the Homoscedastic Gamma [HG] model where the distribution of returns is characterized by its mean, variance and an independent skewness parameter under both measures. The model predicts that the spread between historical and risk-neutral volatilities is a function of the risk premium and of skewness. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1, G12, G13
June 12, 2009 Bank of Canada Announces Details of its Term Loan Facility Operation In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 24 April (see schedule), the Bank of Canada announced today that it will conduct a TLF operation. Content Type(s): Press, Market notices
June 12, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 21 April (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation. Content Type(s): Press, Market notices
June 12, 2009 Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 24 April (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation for private sector instruments. Content Type(s): Press, Market notices
June 11, 2009 Rebalancing the Global Economy Remarks Mark Carney International Economic Forum of the Americas, conference of Montreal The theme of this conference – "Adapting to a New World Order" – suggests that it is clear how global commerce and finance will be reorganized in the wake of the current crisis. However, the outcome is far from preordained. How we manage the rebalancing of the global economy could profoundly influence how open, equitable, and prosperous the New World Order will be. Content Type(s): Press, Speeches and appearances, Remarks